Abstract: According to the invention herein, a method and a system are provided. The system includes one or more user computing devices, at least one processor, and a communication network. In the method, an item is associated with a unique identifier, the item is classified with a category, and a status is assigned to the item. The status includes a location and an availability state, such as open, reserved, in-use, or misplaced. A reservation request associated with the item is received from a user device. Information related to the request is processed to determine the status of the item. Where the state of the item is reserved, in-use, or misplaced, an unavailable notification is transmitted to the user device. Where the state of the item is open, a confirmation notification is transmitted to the user device. The respective status is updated to represent that the item is reserved or in-use.