Cost Reduction: Metal Cutting Tool

Assignment

Reduce cutting tool expenses; increase machine uptime.

Cutting Tool Monthly Cost

Results

Immediate & sustained reduction of monthly cutting tool costs, and achieved 78% cost reduction within seven months.

Challenges/Tasks

  • Client had utilized 3rd party tool management company for several years.
  • Client’s internal resources had limited capabilities to manage metal cutting tooling consumption and cost.
  • Tooling inventory systems were inadequate.
  • Tooling costs exceeded $1,000,000 per year.
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