Article: Get competitive with effective tool management: partnership sourcing is acknowledged as a key weapon in the quest for better competitiveness. The extension of the concept to full cutting tool management has become practical through progressive introduction of specialised software.(tooling/tool management)(Commodity and Tool Management Services)

SINCE the late 80's many companies, handling outsourcing of logistics and purchasing functions, have emerged. The partnerships thereby established traditionally manage supply and purchase of components, assemblies, low tech consumables and services; few are fully integrated with the production engineering operations of manufacturing companies. Yet this is where significant improvements can be gained.

To work effectively, partnership sourcing must be built on total commitment by both parties to a long-term relationship based upon agreed targets. The prime objectives are:

* To reduce total value chain costs through joint problem solving.

* To ...

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