If you have a company with more than 1 employee, you probably need to share some tools, cars, trailers, cabins and other small items. When there are many tools and many employees, it is easy to mess up the system on who took what and who did not return it because he had given it to someone else again.
Common tools keep it in control for you. Full overview of who took what and when. You can create multiple tool stores in the company, so you can keep track of whether the tool is going back to the facility on the hay, or whether it should be in the office after use.
You can print QR codes that you paste on the tool, making it easy for employees to tell them that they have included them.
If the tool goes astray and a kind soul scans the QR code, he gets information about who owns the tool and can call you. Although he does not have the app installed!