The rapid growth of the world wide web and its impact on organizational processes over the years have brought massive information systems development. This study is about the assessment of the current reservation system for laboratory equipment and materials of a higher education institution (HEI) in the Philippines. The use of evaluation tools such as process flowchart and TIMWOODS chart described that the current reservation system has various non-value adding activities and was time-consuming. To address the shortcomings and issues of the current system, an online reservation system called Quickip was designed using data flow diagram to illustrate the flow of the process, Hypertext Preprocessor language for the structure, and Structured Query Language (SQL) for the retrieval and storage of data in the database. The system may be used by students to request for laboratory equipment and materials while the approval of requests will be managed by the faculty/adviser of the borrower, authorized laboratory personnel, and administrative officers. The system also offers inventory management of equipment and allows paperless transactions that will minimize waiting time, reduce traveling or movement of the borrower, and provide real time status of requests.