In manufacturing, maintenance, and machine shop operations, tools, dies, and bits are among the most likely targets for pilferage. Tools fit the criteria for theft we discuss in our white paper, Reducing Warehouse & Dock Area Pilferage (PDF, 1.3MB, opens in a new tab): “items that are a combination of concealable, removable, available, valuable, or enjoyable are prime candidates for theft.” Items with a high perceived “value per ounce” are at risk. A $200 block that weighs 100 pounds is far less of a target than a $200 cutting tool.
Tools are in demand, easy to sell and expensive. Plus, many of the most expensive ones fit in a coat pocket, lunch box or tool box.