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In the types in which the cutter portion is an indexable part clamped by a screw, the cutters are called inserts (because they are inserted into the tool body). Tipped tools allow each part of the tool, the shank and the cutter(s), to be made of the material with the best properties for its job.
Unlike hand tools, a tool in numerically (digitally) controlled machines is composed of several parts, such as the cutting tool (which may be one piece or comprise a body plus indexable inserts), a collet, and a toolholder with a machine taper. Putting the parts together accurately into an assembly is required to achieve error-free production.
In reference to multi-edge cutting inserts, indexing is the process of exposing a new cutting edge for use. Indexing is a necessary kind of motion in many areas of mechanical engineering and machining. An object that indexes, or can be indexed, is said to be indexable. Usually when the word indexing is used, it refers specifically to rotation.
The collets or tool holders are placed directly into the spindle and the drawbar is tightened into the top of the collet or tool holder from above the spindle. Other tools such as drill chucks, fly cutters, indexable insert cutters, etc. may have an R8 taper shank built into or added to the tool.
Cutting tools are often designed with inserts or replaceable tips (tipped tools). In these, the cutting edge consists of a separate piece of material, either brazed, welded or clamped on to the tool body. Common materials for tips include cemented carbide, polycrystalline diamond, and cubic boron nitride. [2]
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Like indexable lathe tools and milling cutters, they use replaceable carbide or ceramic inserts as a cutting face to alleviate the need for a tool grinder. One insert is responsible for the outer radius of the cut, and another insert is responsible for the inner radius. The tool itself handles the point deformity, as it is a low-wear task.