• Manage Tools with an Inventory Management Platform

    March 7, 2024
    The author says HD Supply’s management system gives you greater visibility into your tool stock so that you can provide improved customer service levels at reduced costs.

    It’s hard to grow if you can’t get a handle on costs. Outside of labor, one of your biggest expenses is managing tools and high-dollar equipment.

    As part of your overall budget, you often have to predict when equipment will fail or need to be replaced. You not only have to schedule maintenance for your company trucks, but you have to have a good inventory of your tools and when they may need to be tuned up or replaced.

    While there are digital tool management systems you can use to help keep track of your tools, Home Depot (HD) Supply’s inventory management solutions is a commonly used platform on the market and is a CEO Warrior strategic partner. HD Supply’s management system gives you greater visibility into your stock so that you can provide improved customer service levels at reduced costs. The HD Supply inventory management platform helps companies plan so that they will not lose revenue by acquiring and holding inventory too long.

    Home service business owners have so many opportunities to grow and scale their businesses. But growing intelligently takes intention and planning. Defining your vision, seeking expert help and using digital platforms to fill in the gaps can help you scale your business the right way. 

     

    Scott Bohannon is CEO of CEO Warrior, where he supports entrepreneurs and their teams in the trades by helping them improve their business performance. ceowarrior.com