Construction Procurement Platform Launches New Tool Tracking Solution

Kojo, a construction industry materials and inventory management platform, launched Kojo Tool Tracking to help customers keep track of their tool and equipment inventory across their jobs.

Trade contractors have tool inventory that is checked out by the field, managed by the warehouse, and ordered by purchasing. According to the National Equipment Register (NER), equipment theft is estimated to cost the construction industry between $300 million to $1 billion per year. With the addition of Tool Tracking, Kojo now provides field, warehouse, and purchasing teams clear visibility into a tool’s condition, location, and current assignee. It is a simple and intuitive way for trade contractors to manage and protect one of the company’s most valuable assets.