Tool management software can be used to help businesses track the various specific tools that are required to assist maintenance and asset management processes. These solutions facilitate and streamline the organization of tools and equipment, which can enhance overall business productivity. Advanced solutions can offer further capabilities, such as reservations and calendar management, barcoding, as well as analytics and reporting. Tool management software is commonly used in a range of industries, including by maintenance departments, field service businesses, educational institutes, governmental services, as well as manufacturing and engineering companies.