The invention relates to a management system for a test instrument, and particularly to a fixed location management system for a test instrument and a method thereof. The technical solution of the management system for the test instrument is characterized in that the fixed location management system comprises a control housing, an instrument rack, a hardware module and a display module; the control housing is provided with a wiring port; the hardware module is arranged in the control housing; the display module is arranged outside the control housing; the hardware module comprises a processor, a circuit board and a DC power supply; the circuit board is connected with the DC power supply and a signal line is leaded out through the wiring port of the control housing; the processor is connected with the signal line; one end of the signal line is connected with a control button and an indicating lamp on a housing cover of the control housing; and the other end is connected with a toolset indicating lamp on the instrument rack through a wiring box. The fixed location management system has beneficial effects of realizing simple and effective design principle, improving operation efficiency, realizing one-key automatic selection for all instruments, and preventing problems of long time consumption, taking omission and taking error in manual searching.