WHAT IS

BUSINESS
TOOL?
A business tool can be considered as any
asset that helps or assists the organization
to achieve its stated aims or objectives.
WHAT IS
The process of getting, making, or using BUSINESS TOOL?
the right equipment for a particular
purpose
Each of these items represents EXAMPLES OF
an investment by the business
and can be considered COMMON
important to the business. As
they are portable they can be
BUSINESS
misplaced, require usage TOOLS
monitoring, training, and
maintenance:
EXAMPLES OF COMMON BUSINESS
TOOLS

Digital Mobile Wiki Email Batteries

Cameras Telephones

Keyboards Laser pen Software Manuals photocopiers

DEFINING A
BUSINESS TOOL
Each business will need to develop
criteria so as to identify which tools
are to be monitored and therefore
controlled to ensure that time and
effort is devoted to managing the
proper and important tools.
THE
REGISTER
Register of portable tools within a business is
essential for identification.

The data collected should be specific to the

business size, item nature,
and the business's requirements, with
guidelines identifying the data to be
collected.
 STORING DETAILS

There are various methods to

record these details. The simplest is
the paper approach where all the
details are recorded in a book.

These are flexible packages that

can be configured to suit the
needs of the business.

There are purpose designed

database software packages that
store and manage the details for
each asset.
SO WHAT IS THE TOOL ?

In a business context, a "tool" refers to a physical or digital

instrument or resource that is used to perform a specific task
or function to support the operations and objectives of the
business.

Tools can vary widely based on the industry, the department

95%
within the organization, and the specific tasks they are
designed for.
 VARIOUS TYPES OF ASSETS

Assets

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THANK
YOU