Cutting Tool Engineering Magazine
http://www.ctemag.com/magazine
For a representative machined part, the cost of machinery represents 26 percent of the cost of machining a part. Overhead represents 21 percent of the unit cost of machining. Labor and raw material account for 28 and 22 percent, respectively. The cost of cutting tools accounts for 3 percent.
http://www.mmsonline.com/blog/post/imc-group-president-says-best-tool-value-comes-from-productivity
http://www.sandvik.coromant.com/en-gb/pages/default.aspx
http://www.hardmetal.ie/hm-to-be-exclusive-tool-supplier-for-mastercam-productivity-event/
A cutting tool is defined as a sharp-edged or wedge-shaped device used to cut out something extra. That extra material is often some excess layer of material present on any work piece. The cutting tool cuts it down by shearing to obtain the desired size, shape, and accuracy.
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