Stocked tools overview

When managing existing tools in storerooms, you need to have an understanding of rotating tools and item sets.

Rotating tools
A rotating tool is an individual serialized asset, such as a nail gun or back hoe, that is defined by a common tool number. You mark a tool as rotating because it shares the same properties as an asset and you want to track each instance of that tool as an asset to monitor maintenance costs, downtime, etc.
Item sets
Item sets let multiple organizations within a company view and choose from a common set of items stocked in the storeroom. An organization can be associated with only one item set. However, multiple organizations can use the same item set.
Tax-exempt status
The tax-exempt option indicates whether an item, a tool, or a service is taxable. You might want to set the tax-exempt status, depending on where an item or a service is acquired, and how an item or a service is used.

Parent topic: Stocked Tools