Case Study: Thompson Electric reduces tool replacement costs with ToolWatch

ToolWatch part of Thompson Electric’s success—replacement costs shrink as business grows

Thompson Electric, an Ohio-based electrical contractor, faced a significant challenge in tracking thousands of tools across more than two dozen jobsites, which led to costly delays and replacement expenses from both misplacement and theft. To address this, the company implemented the ToolWatch system to gain better control over its extensive tool inventory.

By using ToolWatch to assign tools to vehicles and individuals and by implementing monthly reporting processes, Thompson Electric drastically reduced tool loss. The solution provided by ToolWatch resulted in more accurate job estimates, controlled costs, and ensured on-time project performance. A key measurable impact was the successful management of an 80-employee, $200,000 inventory project for Chrysler without delays from missing tools, leading to potential future business and significant savings on replacement costs.

Thompson Electric

Eugene Thompson

Thompson Electric