Abstract
Tool management has been defined as a process improvement that aims at resolving problem related to various tool activities including procurement, storage, database development, selection and consumption, inspection, presetting, delivery, loading, monitoring, replacement planning and inventory control of tools. A tool management system is an organized approach to manage engineering change or improvement. The main objective of the work is to improve control on tool inventory with the help of tool database and new tool introduction system. With this system, we ensure to have more accurate determination of the rate of inflow of tools in stores and consequently, reduction of tools inventory in stores. The system also helps to determine the optimum sequence of execution of orders.
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