Do you keep a detailed inventory of everything in your workshop? - Router Forums
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post #1 of 49 (permalink) Old 05-16-2019, 09:28 AM Thread Starter
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Default Do you keep a detailed inventory of everything in your workshop?

Do you keep a detailed inventory of everything in your workshop?-toolinventory.jpg

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From routers themselves to collets, chucks, and bits, keeping a detailed inventory of your workshop can help you stay efficient, organized and saving money across the board. Whether you’re a hobbyist router, a business owner or somewhere in between, there’s never a bad time to start an inventory of the tools you have on hand. Organize your tools, assign homes to everything to stay tidy and make a list of what goes where – it’s a simple afternoon project that pays dividends in saved time throughout the year. Do You Have an Inventory of Your Tools?
Do you keep a detailed inventory of everything in your workshop?

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post #2 of 49 (permalink) Old 05-16-2019, 09:38 AM
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It would take me days, if not weeks, to write down everything in my shop. The best I've done is to take photos of the major pieces of equipment, and I also opened each tool drawer, and took a photo of the contents.

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post #3 of 49 (permalink) Old 05-16-2019, 09:46 AM
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I have stored receipts for every tool and major accessory in the shop. But think taking pictures is probably a better strategy. Pictures work for an insurance claim. Lots of accessories could be laid out on a table to provide for an insurance claim. Of course, you'll never get anything like what you paid for new tools. Too many other things to get done to take time to inventory.
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post #4 of 49 (permalink) Old 05-16-2019, 10:14 AM
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Yes, but I'm not very good at keeping it up to date. The list is more accurate for the larger hand and all of the power tools, but my last update was last Fall. I guess I need to do it again since I've added/replaced several power tools since then. The list is far from complete for the hand tools. I just never seem to take the time to inventory them.

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post #5 of 49 (permalink) Old 05-16-2019, 10:38 AM
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Mentally, yes. Written down? Not really. I do have plenty of photos and videos, though, and refer to them often.

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post #6 of 49 (permalink) Old 05-16-2019, 10:47 AM
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Lots of pictures, mainly of the big stuff.

Unfortunately we tend to focus on the Big Machines, yet often times there is more value in the accessories in the drawer next to the machine we don't include. I have a handful of routers and laminate trimmers, but I probably have more invested in the Router Bits that go with them.

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post #7 of 49 (permalink) Old 05-16-2019, 10:57 AM
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Tom; re the insurance compensation. If you have a decent policy it should be for REPLACEMENT COST of the items, not the depreciated value. When I had my claim I did have a lot of the original receipts but the adjuster was only interested in them in the sense of proving that I actually did own them; the compensation was for the new replacement tools at full invoice value.
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post #8 of 49 (permalink) Old 05-16-2019, 10:58 AM
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Having said that, I lost a lot of my grandfathers tools which of course were irreplaceable.
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post #9 of 49 (permalink) Old 05-16-2019, 11:05 AM
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right down to spread sheets on performance, reliability, tangible/intangible costs, up/down time and CS/TS evaluations on everything to include screwdrivers....
not to mention photo record..
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post #10 of 49 (permalink) Old 05-16-2019, 11:28 AM
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Quote:
Originally Posted by DaninVan View Post
Tom; re the insurance compensation. If you have a decent policy it should be for REPLACEMENT COST of the items, not the depreciated value. When I had my claim I did have a lot of the original receipts but the adjuster was only interested in them in the sense of proving that I actually did own them; the compensation was for the new replacement tools at full invoice value.
It didn't work that way for me on both the shop fire and again the burglary. They only gave depreciated value, and anything over 10 yrs. was considered "0" value, plus there were policy limits on the claims which were below the total replacement value. The adjuster said that the only way I could get total replacement was with a rider on the policy specifically for the tools and pay additional premiums over and above the HO policy, that also applied to electronics,guns,and art work. Those items did need photo or receipt documentation. This was from a major Insurance company.
Otherwise it was considered just personal property with standard limits.

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