66 Certification Study Guide Series: IBM Maximo Asset Management V7.1 When you change the status of a tool, rolling a new status to Organizations and Inventory is possible by selecting the check box shown in Figure 4- 13. Figure 4- 13 Tools change status dialog 4.3.4 Stocked Tools The Stocked Tools application is used to manage existing tools in storerooms, although creating new tool records by using it is not possible. Examples of using the Stocked Tools application include tracking tool balances down to the bin and lot level for a storeroom, tracking vendors that supply a tool, and reordering details such as price and lead time for orders. You may also view rotating assets that list the tool as the rotating item on the asset, and also assets that list the tool as a spare part. To access the application, select Go To . Inventory . Stocked Tools. Note: You may select a tool to use it in the work plan if its status is Active. However, to reserve the tool for use, it must be available in a storeroom. Note: To create new tool records, use the Tools application. Note: Different from the previous applications, the Stocked Tools application manages tool inventory at the site level.