Conventional cutting tool management programs are based on software that supports min/max, EOQ or other common philosophies. But…there is a unique challenge related to managing new and reconditioned cutting tools because of different cost values associated with each tool, unpredictable deliveries, and the incentive to use reconditioned tools.
US Tool’s proprietary Cutting Tool Manager software calculates dull tool return and scrap rates, anticipates the number of regrinds of each tool and tracks the lead-time for new tools. By considering these and other statistical components, this exclusive program and software provides a method to issue new and reconditioned cutting tools in ratios based on the fallout or replacement rate of each part number. The software also produces a predictable monthly purchase rate for new tools, allowing for better scheduling and more appropriate purchasing agreements with vendors to reduce the impact of long lead times.
The result is a significant reduction in inventory and purchases of new tools, and the increased use of reconditioned tools... a significant cost savings!
CUSTOMER PROGRAMS Over 1,000 companies enjoy the cost savings of reconditioned cutting tools.
Conventional cutting tool management programs are based on software that supports min/max, EOQ or other common philosophies. But…there is a unique challenge related to managing new and reconditioned cutting tools because of different cost values associated with each tool, unpredictable deliveries, and the incentive to use reconditioned tools. 
