Global manufacturers face constant supply chain risks, including business failures, natural disasters, geopolitics, and pandemics. To minimize these threats and reduce organizational stress, swift contingency planning and manufacturing capability transfers are essential.

When it comes to existing production parts and assemblies, manufacturing costs and product quality hinge on the tooling and processes employed in their production. Factors such as raw materials, labor, overhead, and maintenance costs are closely tied to the tooling. Similarly, the quality of the product is heavily influenced by factors like tool design, maintenance, and repairs.

This is where ToolView comes in, offering the critical information required for obtaining quotes, predicting product costs, addressing quality concerns, and driving overall improvement.

Companies frequently seek to enhance their supply chain efficiency, which can involve actions like supplier consolidation, cost tracking, and sourcing diversification. When dealing with existing products, it becomes crucial to have access to tooling and processing details for supplier selection and precise quoting.

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Suppliers, in turn, require access to specific tooling data to estimate material use, labor costs, and equipment needs accurately when providing quotes. ToolView facilitates this process by offering secure, controlled access to such confidential information for select suppliers

ToolView swiftly and precisely delivers annual tooling asset reports for accounting and government regulatory compliance.