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When weighing the choice of replaceable-tip mills and drills or solid-carbide tools, consider this succinct statement from one industry expert: carbide equals cost.

Many job shops hold onto traditional, inexpensive tooling systems. ER collets and Weldon flats are tried and true; they work and are proven. At the same time, newer, advanced machining technology, such as multi-axis machines, may perform better when newer, advanced (and more expensive) toolholders are deployed.

Companies most likely to succeed in capitalizing on those opportunities will excel in digital transformation, among other things, according to the April 9 webinar “Market Impact of COVID-19: How to Respond, Reset, and Rebound,” by Aroop Zutshi and Mark Simoncelli of Frost & Sullivan Industry and Strategy Experts.

There’s more than one way to finish a hole. The most effective option will depend on the number of parts, cycle time and tolerances. One of the most effective options is boring.

February 2020 U.S. cutting tool consumption totaled $188.2 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology.

Sales figures don’t lie: indexable cutting tools—featuring removable cutting tips called inserts—are a smash hit with machine shops.

East Iowa Machine Co. (EIMCo) in Farley, Iowa, is a full-service machine and fabrication shop. It is an ISO 9001:2015 certified manufacturing company, employing about 150 people on three shifts at its single 130,000 ft2 (12,077 m3) location, and converts raw metals into finished component parts and assemblies using a wide variety of CNC equipment and state-of-the-art manufacturing processes.

Live tooling, as the name implies, is driven by the CNC and the turrets of various spindle and powered sub-spindle configurations on CNC lathes.

While the initial investment for a modular quick-change tooling system is higher than that of traditional toolholders, significantly improving the connection between spindles and tooling is well worth it.

According to a survey, companies are investing more in quality as a strategic business growth initiative that brings a significant return on investment.