Flexible tool managment strategy
Conclusions
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Test case applications of the novel FTMS paradigm based on tool management decision making with reference to the value of a future inventory level, Ifut(t + Trt), were presented to illustrate and assess the new FTMS performance versus traditional tool management
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By comparing the historical and the FTMS simulated inventory level trends for two test case part-numbers, in both instances a notable cost reduction was obtained with the FTMS method
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The development of the research activity will aim at the generalisation of the management approach to the inventory control applications other than CBN grinding wheel tool management
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