Equipment Management involves the systematic oversight of tools and machinery used in various industries. This process includes tracking the acquisition, maintenance, and disposal of equipment to ensure optimal performance and longevity. Effective management helps reduce costs, improve safety, and enhance productivity. Key components of Equipment Management include regular inspections, scheduling maintenance, and managing inventory. Utilizing software solutions can streamline these tasks, allowing organizations to monitor equipment status and usage efficiently. Proper Equipment Management is essential for businesses to minimize downtime and maximize operational efficiency.