Best Tool Management Software

Compare the Top Tool Management Software as of April 2026

What is Tool Management Software?

Tool management software is a type of software used to store and organize information about tools. This can include their condition, number, location, and other details. It helps users track the status of their tools in order to optimize inventory control, maintenance schedules, and cost savings. The software often includes features like barcode scanning and item tracking. Compare and read user reviews of the best Tool Management software currently available using the table below. This list is updated regularly.

  • 1
    ToolHound

    ToolHound

    ToolHound

    The ability to ensure that the right tool is in the right place at all times is critical for any organization with an equipment and tool inventory. ToolHound’s powerful equipment and tool management software delivers the performance and usability needed to help you gain complete control of your tool and equipment inventory. Large and small companies worldwide rely on ToolHound to increase staff accountability and productivity, reduce costs and improve efficiencies in a range of applications including power generation, chemical processing, maintenance, mining and construction inventory management. Equipment and tool management software has evolved from the days of paper-based systems and basic spreadsheets. Using a comprehensive database, coupled with a simple and accurate bar code or RFID-based transaction system, ToolHound efficiently tracks the issue and return of tools to contractors and employees, and the transfer of equipment between various job sites and tool room locations.
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    Starting Price: $5050 / year
  • 2
    Tool & Asset Manager
    Tool & Asset Manager 2.0 (TAM 2.0) by Vinity Soft is an easy to use software solution that keeps track of your organization’s equipment, tools, and assets. Using a combination of modern check-in and/or check-out methods, asset reservations and calendaring, visual cues such as color coding, employee pictures, and automated reminders, Tool & Asset Manager 2.0 ensures accountability, boosts accountability, and reduces costs. Features of TAM 2.0 include barcode scanners and RFID tags, reminders and notifications, in-app printing, import and export, in-depth reporting, and more.
    Starting Price: $299.95/one-time
  • 3
    XPressTools

    XPressTools

    Telaeris

    Some check-in/check-out solutions are slow keeping workers at the tool crib for too long when they could be working. XPressTools is designed to be the fastest. Tools checked out at industrial or construction sites have a tendency to never be checked back in. Inventory managers are forced to spend time tracking down misplaced items and ordering replacements. XPressTools improves accountability for tools, saving time, and minimizing the tool budget. Save time and increase accuracy by bypassing the keyboard for handhelds to make tool check in/out transactions even faster. Quickly check tools in/out to employees, no more long lines. Built in support for barcodes, badges, and RFID. Increase employee accountability to return tools. Track tools, consumables, and consignments. XPressTools provides mobile tool check-out and check-in solutions for tracking and accountability.
  • 4
    TraxFast

    TraxFast

    eTeklogics

    Cradle to grave tracking of your assets. The TraxFast™ product line will save you time and money. Features include Check in/out, Route Accounting, Maintenance, etc. Standard Windows architecture allows for easy customization of entry forms, inquiries and reports. The ability to tag your assets using barcodes, RFID, and/or GPS, as well a taking digital images, add to the flexibility of this feature rich system. TraxFast is easily configured to meet you needs. Click on the link to right that best describes your type of business. If you are unsure or you need more information please contact us we will be happy to suggest a product or custom solution that will fit your needs.
    Starting Price: $3000.00/one-time
  • 5
    CribMaster

    CribMaster

    CribMaster

    Since 1992, CribMaster has been driven by a vision to make the daily jobs of the hardworking men and women in manufacturing, and the distributors who serve them, easier through intelligent and efficient inventory management. Originally called Winware Inc., CribMaster had humble beginnings as a software platform that managed and tracked inventory usage among employees. Over the years, as our software became smarter and faster, we saw a need to help manufacturers get equipment, tools, PPE, and other indirect materials on the floor as fast as possible – with more accountability and oversight into how these materials were used. That’s when the keystone CribMaster industrial vending machine was born. Since then, the CribMaster solution has expanded to over 25 hardware solutions that manage storerooms, tool cribs and even point-of-use inventory dispensing using technology like scales and RFID.
  • 6
    Variset 4

    Variset 4

    Royal Variset

    Manage all aspects of your tooling with Royals browser-based modular tool management application software. Has a Royals presenter interface, Inventory, Tool life, Cutter grind, barcode, and RFID modules. Incorporates tool assembly information, drawings, adapters, modes and offsets onto the live gage screen. Has programmed measurement and result functions in metric or inch radius or diameter, slopes and angles. Monitor Component quantities in the cutter grind department. Assign components to a particular operator or machine. Keep track stock removed, scrap and time in cutter grind.
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