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
Benefits to the Company
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