Advances in tool technology are happening at a rapid pace, and that brings the opportunity to buy new tools more frequently than ever before. When thinking about whether the latest tool is a beneficial investment for your business, here are a few things to consider: 

Will it help my crew’s efficiency?

A new tool that will let you get more work done in less time can be a great addition. Completing a job faster can mean finishing more jobs each day or week, ultimately benefiting the company’s bottom line and quickly making it well worth the investment.

Is it beneficial to my team’s health?

Technology is allowing tools to become smaller, lighter and more ergonomic for enhanced well-being of its users. Investing in a new tool that replaces a heavier, less ergonomic tool can have major benefits for team members by putting less strain on their bodies, enabling them to be more productive not only day-to-day, but also throughout their careers. Fewer sick days taken for strained muscles results in a more productive team.

Does it help us clean up faster?

Advances in technology are changing the design of tools, with once-exposed parts now concealed, resulting in a potentially cleaner job site needing less cleanup. For example, at RIDGID, our FlexShaft drain cleaning machines are manufactured with a fully enclosed system that keeps drain sewage off the job site. That translates into a cleaner job site and less-hazardous work environment. 

Could it help expand our business?

New tool technology can allow companies to offer additional services, adding an additional revenue stream. For example, many contractors are adding video inspection services to their business. The latest diagnostic technology allows for drainline footage to be shared with clients immediately, thanks to integrated Wi-Fi capabilities and apps that provide simple sharing capabilities. These features not only provide homeowners with additional peace of mind about work needing to be done, but also let teams discuss complicated drainline projects while working from different job sites.  

Will it help me plan my business year better?

New technology is allowing many of the latest tools to work for longer periods of time between service intervals while also having internal tracking systems that alert users to when upcoming maintenance is needed. Having knowledge of when a tool may not be available while it undergoes maintenance can enable better planning for types of jobs that can be taken on at any given time to maximize productivity.  

The benefits of purchasing a tool with new technology can be significant, but taking the time to understand what the tool can do differently from your current tools and how that can positively impact your work is equally important. Taking some time to think through the pros and cons of each new purchase will help to ensure you’re purchasing purpose-built tools for your business.  

About the Author

Tim Dunphy is marketing director of underground technologies at RIDGID, a global manufacturer of more than 300 dependable and innovative tools trusted by professional trades in over 100 countries. Learn more at www.ridgid.com.