Tool Management & benefits explained

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Tool Management & benefits explained

For a Customer who is in the Machining Industry  and consumes variety of Cutting Tools and Tool Holders for his manufacturing process, the management of Tools and accessories are a very important but cumbersome process.

For companies which are into variety of products then the number of SKUs of cutting Tools is phenomenally high. It requires a very well coordinated Engineering Team, Tool Suppliers & Production incharge to manage these tools, rework them when required, selecting the right tools etc.  Even a minor mistake in this process will result in Line shutdown, incorrect profiling or very high Tool Costs. This is where Tool Management comes into place.

We will look what is Tool Management below.

Right tools at the Right Time and at the Right Cost—brings the overall CPC down & improve productivity in Machining operations. Tool Management brings the best practices across the Industry and thereby implementing cost efficient means to manage your tooling for increasing productivity and reducing cost in line with your Quality and productivity requirements.

Typical Functions of Tool Management

  1. Identifying and Selecting the right Tool,Brand for the Proposed Application
  2. Vendor Management  & Negotation
  3. Single Window Solution Provider
  4. Integration Support etween Tool Manufacturer & Holder Manufacturer
  5. Trial & Deployment of the required Tools
  6. Monitoring the readiness of the Tool.
  7. Failure Analysis Report in case of any tool failures.
  8. Maintaining The Right Inventory for the tools.
  9. Carry out mutually agreed improvement activities.
  10. Management Report for CPC, Performance , Consumption & Inventory Patterns.

Benefits to the Company

  1. Single Point of Contact for Tool Related Issue
  2. Improved CPC
  3. Vendor Rationalization
  4. Reduction in Tool Obsolescence
  5. Reduced Machine downtime for want of tool assembly (measured in terms of machine cost / hr)
  6. Reduction Manpower cost (salary + PF+Incentive) employed for tool assembly / technical aspects
  7. Increased Efficiency for Inhouse Engineering Team
  8. Tooling Cost Reduction
  9. Reduction in Management time saved by avoiding meetings with multiple sources for Procurement , Negotiations, Trials, Selection , Placing Orders, Tool Follow-Up,Regrinding, Recoating, Inventory Levels, Chip-off, Tool Breakage etc.
  10. Reduced Inventory carrying cost – maintaining minimum tools for production

Here is a case study from Zoller on how their Tool Management System helped Bosch improve their Tooling Related Costs.

Case Study – http://shopmetaltech.com/cutting-tools/how-tool-management-cut-costs-for-pump-maker.html

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