Losing a tool or piece of equipment is frustrating, but it can also be expensive. Between the cost of replacing a tool if it isn’t found and the time lost looking for a misplaced tool, a company’s bottom line can be significantly affected. In fact, it is estimated that a single lost tool on a jobsite can increase the time spent completing a task by over 30%. And, according to Milwaukee Tool Senior Product Manager, Steve Matson, over the length of a large project this increased time spent completing a task can add up to tens of thousands of dollars in wasted labor.