We don’t use it here, but I think it looks like a good system - once you have it set up. Inputting all the equipment that you have is a big task, and setting up the templates for all of your experiments.
But then again, setting up any digital system is going to be the hard part, making your life easier once it’s done.
We just use an Excel document - one per week, with a tab for each day, that looks like the below snip, and which has a macro embedded into it that prompts the teacher to email me (a pre-prepped email, through the document) whenever a change is made to a cell. You could also do it without the macro, but you’d just have to be more fastidious with checking it.

Here’s the macro (top is done per tab, bottom is per workbook):

If I was setting something like that up again, I think I’d make it a Google Sheet, so multiple people could work on it at the same time, and it would save automatically.
Just a free alt, if not going to go with Lablogger.
For chemical inventory, I just have - again - an Excel file, which I update as I use things (green has been used this year, yellow was last used last year).

Equipment inventory is just in my head, and eyeballed for when stuff looks to be getting low. 😅