How the big (and little) guys do it

Metalworking shops can boost their productivity and profitability with an efficient tool management system (TMS). Implementing one, however, requires several steps. In chronological order, these include auditing the tools available, examining the tool crib organization, drawing up objectives, studying all the options and forming a support group. The latter is crucial in justifying the need for a TMS budget before management.
Effective tool management can make a major impact on the productivity and profitability of a metalworking operation. Recent studies have shown that an effectively implemented plan can increase machine cutting [...]