ToolSenseGlossary

Here is your go-to-resource for all terms relevant to equipment management. Acronyms, concepts, calculations – we got you covered.

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Asset Lifecycle Management

The Asset Lifecycle Management Process from Start to Finish   If your business relies on …

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Bluetooth Tracker

Bluetooth Tracker System for more efficiency Managing a facility means having a lot of devices …

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Fire Extinguisher Inspection

What is a Fire Extinguisher Inspection? A fire extinguisher inspection is performed to verify the …

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HMI

What is HMI? HMI stands for Human Machine Interface and is a user interface that …

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Inventory Management

Inventory management is key to running a successful business because it helps control your stock …

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IoT

The Internet of Things (IoT) has become integral to contemporary business. From online shopping to …

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Ladder Inspection

What is a ladder inspection? A ladder inspection is one of two actions that ensure …

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LOLER Inspection

Everything you Need to Know About a LOLER Inspection The acronym LOLER stands for Lifting …

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NFC

What is Near Field Communication? NFC technology has been around for a while now. In …

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OEE

What is OEE? OEE, or Overall Equipment Effectiveness, is a widely used metric in manufacturing …

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OEM

What is an Original Equipment Manufacturer (OEM)? OEM stands for an original equipment manufacturer — …

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Portable Appliance Testing

Portable Appliance Testing (PAT) is key to safety. There has recently been an upsurge in …

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Predictive Maintenance

Predictive maintenance uses technology to predict when to perform maintenance on a piece of equipment. …

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Preventive Maintenance

Preventive Maintenance as the Key to Efficient Production Preventive Maintenance — or Preventative Maintenance, as …

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ROI Calculation

Everything You Need to Know About ROI and ROI Calculation Whether you’re in business or …

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Test and Tag

What is Test and Tagging? Test and Tag is a professional term that refers to …

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Total Cost of Ownership

Example of Total Cost of Ownership What does the total cost of ownership mean to …

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Glossary