US Cutting Tool Institute

Your Complete Guide to Inventory Forecasting

Your Complete Guide to Inventory Forecasting

An accurate inventory forecast is invaluable, especially when supply chains and consumer demand are changing rapidly. Effective inventory forecasting can mean the difference between profitability and piles of unsold goods that eat up your available cash.

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Cutting Tool Orders Continue Slow Recovery Through Early 2021

Supply chain challenges, reluctance in a portion of the workforce to return and rising material prices were cited as possible drags on the market.

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US Cutting Tool Consumption Sunk 22% in 2020

Orders picked up steadily after bottoming out at down 36 percent year-over-year in May, but still have a long way to go to comparative breakeven.

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September US Cutting Tool Orders Up 15% From August, Sparking Optimism

Though still down 20 percent year-over-year, the market's continued recovery has been far better than anticipated during the spring.

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August US Cutting Tool Orders Down 33.5% YoY

Though down only 0.2 percent from July, consultants say orders appear to have found a bottom in August.

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July US Cutting Tool Orders Down 31% Year-Over-Year

The chairman of the Association for Manufacturing Technology said, "It is clear that the climb to better sales volumes will be extended and bumpy.”

June US Cutting Tool Consumption Up 10% From May

Though still down nearly 25 percent from a year earlier, the numbers are trending toward the positive.

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May US Cutting Tool Orders Down 36% YoY

AMT's Cutting Tool chairman says estimating when recovery will arrive is still anyone's guess.

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March Cutting Tool Orders Tick Up from Feb.

Year-to-date orders were down 9% through March and are expected to worsen as Q2 shows the full impact of COVID-19.