Well if it is in its own box take it with you over to the mill/lathe so you remember it when your done with the job.
That works........ sometimes. Most of the time I have a number of projects running at the same time. Machinist's(?) work, carpentry (framing, not cabinet work), model building, electrical/electronic, and many other jobs, before even going outside. Then there's the (archaic) dump truck, the tractor, several trailers..... need I go on.
And I only have a small house to work out of. Far less than 1000 sq ft. And no garage, no basement, no shed. And machines pushed up against other machines with no space between. Some of my woodworking tools are on the back porch........ Well, there are a couple of sheds, but they are full of
stuff. And no way to keep machines rust free and true.
Sometimes I get in the middle of something and then re-think what I"m working on, sometimes a critical situation comes up that needs attention
right now, sometimes a beginner asks a question, duuhhh. And I can show somebody far easier than I can explain. Your premise sounds good for a working shop, but for a fellow that makes what he needs, when he needs it, there is some little bit to be desired.
I do keep several indeces for more common drills. Number sizes have at least three, one for non-ferrous metals only. Fractional/Imperial sizes are a givaway if necessary. I can't keep track of the odd ones in addition to full indeces of those. Most of the rest are kept in one place, intact index and all.
The remark was intended as facetious as much as any thing.
Making fun of myself and being an absent minded old
fart fool.
Bill Hudson