An object management system and locking mechanism and method. The system comprises a plurality of docking stations and a terminal connected to the docking stations by a network. At least one of the docking stations includes the locking mechanism for locking a locking member secured to an object. The locking mechanism includes: a locking receptacle configured to receive the locking member, as well as a locking shaft with a locked position and an unlocked position. The locking shaft is configured to secure the locking member when the locking shaft is in the locked position while the locking receptacle is receiving the locking member. The locking shaft rotates to switch between the locked position and the unlocked position. The locking mechanism can provide a secure lock on an object, preventing reversal of the locking mechanism and theft of the object.