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
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
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