Enabling Intelligent Construction Tool Inventory Management

Optimizing tool tracking, productivity, and revenue growth

A leading global tool manufacturer needed to consolidate multiple asset management solutions into a single, integrated IoT platform. Their existing systems created inefficiencies, leading to lost productivity, limited visibility into tool usage, and missed revenue opportunities. GlobalLogic designed and developed a microservices-based tool management ecosystem with a web-based admin portal and mobile apps, enabling real- time inventory tracking, predictive maintenance, and seamless integrations with external systems. The platform increased global sales by 10.7%, improved productivity by 5%, and reduced tool search time by 90 hours per worker annually.

Challenge

The client needed to modernize its too management system to address inefficiencies in tracking, usage, and inventory management. The existing fragmented solutions led to:

• Lost productivity due to manual tracking and disjointed systems.
• Limited integration with IoT and smart devices for predictive maintenance.
• Lack of real-time visibility into tool performance and availability.
• Inconsistent user experience across multiple applications and devices.

Remaining competitive meant this company required a scalable, unified platform to streamline operations, improve user experience, and drive new revenue opportunities.

Value Created

GlobalLogic built a next-generation, microservices-based tool management platform that consolidated multiple asset tracking solutions into one seamless ecosystem. The IoT-powered platform supports millions of assets, integrates with multiple external systems, and enables real- time data insights.

A web-based admin portal and mobile applications provide users with access to tool tracking, inventory management, and predictive maintenance features. The solution increased productivity for tool users, optimized tool availability for project managers, and enhanced sales and marketing strategies with data-driven insights.

Impact

GlobalLogic’s next-generation tool management platform streamlined operations, enhanced productivity, and drove significant business growth for the client, including:

• 10.7% increase in global sales, nearly double the growth of the worldwide construction market.
• 7% increase in operating profit, leading to a return on sales (ROS) of 12.9%.
• 5% increase in productivity, saving nearly 90 hours per worker annually.
• Improved customer satisfaction, with better tracking of maintenance and warranty claims.
• Enhanced tool tracking and management, reducing downtime and inefficiencies.

The result was a scalable, future-ready asset management platform that delivered operational efficiencies and unlocked new business opportunities.

GlobalLogic helped a leading tool manufacturer modernize asset tracking, improve productivity, and increase revenue with an advanced IoT platform.