Set the Shop Rate field to the hourly rate which your shop charges.
Set the Cycle Time [before] field to match the current cycle time, in Minutes then Seconds
Set the Cycle Time [after] field to match the expected cycle time, with the new tool, in Minutes then Seconds
Set the Original ToolCost field to the cost of the current tool.
Set the New ToolCost field to the cost of the new tool.
Use the Tool Life fields to describe the number of work pieces being machined by one tool. Typically we expect the new tool to last as long or longer than the original tool, which helps savings. However, even if your tool life with the new tool is decreased, there is still potential for savings and ToolCostCalc takes this into consideration
Saving/Loss field tells you how much money you save (or lose) per part AFTER the cost of the new cool is factored in. This number represents the NET savings/loss of the new tool
Set the Shop Rate field to the hourly rate which your shop charges.
Set the Cycle Time [before] field to match the current cycle time, in Minutes then Seconds
Set the Cycle Time [after] field to match the expected cycle time, with the new tool, in Minutes then Seconds
Set Orig. Insert Cost to current insert price, and use Insert Edges and No. Inserts to indicate how many cutting edges there are per insert, and how many inserts are needed for the current tool body.
Use the Tool Life fields to describe the number of work pieces being machined by one edge of the inserts. Example: If you machine 150 parts with your current tool before indexing all inserts, enter 150 into Tool Life [orig. insert]. If you machine 210 parts with the new tool before indexing all inserts, enter 210 into Tool Life [new insert]
Saving/Loss field tells you how much money you save (or lose) per part AFTER the cost of the new cool is factored in. This number represents the NET savings/loss of the new tool