June 14, 2005

RFID Helps Stop Power Tools From 'Walking Off' Job Sites

worm_drive2.jpg Radio-frequency identification tags aren't just for the supply chain. Bosch Power Tools has begun selling tools with embedded RFID tags and asset-tracking software to help businesses protect tools from theft, according to Information Week.

"The company's Digital Power Tools division is tagging 66 tools--things like circular and reciprocator saws and hammer drills--that are typically sold to businesses for construction work.

The RFID-tagged tools are part of a new anti-theft service from Bosch called Safe & Sound.

Job-site equipment theft cost the construction industry last year between $300 million and $1 billion, with 71,873 reports of theft in the United States and less than 10% of the stolen equipment recovered.