Abstract: A system manages a machine tool operation. The system includes a cutting tool, which includes a tool body; an integrated circuit chip securely mounted within the tool body and capable of being read and written upon; and a read/write device for communicating with the integrated circuit chip. The integrated circuit chip is an RFID chip. The tool body may be a mounting chuck, adapter, twist drill, thread tap, indexable drill, milling cutter or a square shank lathe tool.

Abstract: A cutting insert has four quadrants defined by vertical and horizontal axes that pass through a centerline axis of the insert. The cutting insert further includes a top surface; a bottom surface; a plurality of clearance side surfaces extending between the top and bottom surfaces. A cutting edge is formed at an intersection between the top surface and the clearance side surfaces. A serration is formed in each clearance side surface such that two of the four quadrants that are diagonally opposite each other do not have serrations, and the other two of the four quadrants that are diagonally opposite each other include a pair of serrations. The cutting insert can be mounted to a milling cutter in a variety of patterns by rotating one cutting insert relative to another cutting insert in the same flute or in a different flute.

Abstract: Tool and method for machining a workpiece, such as a milling tool for machining a workpiece, and the method thereof. The abstract of the disclosure is submitted herewith as required by 37 C.F.R. §1.72(b). As stated in 37 C.F.R. §1.72(b): A brief abstract of the technical disclosure in the specification must commence on a separate sheet, preferably following the claims, under the heading “Abstract of the Disclosure.” The purpose of the abstract is to enable the Patent and Trademark Office and the public generally to determine quickly from a cursory inspection the nature and gist of the technical disclosure. The abstract shall not be used for interpreting the scope of the claims. Therefore, any statements made relating to the abstract are not intended to limit the claims in any manner and should not be interpreted as limiting the claims in any manner.

Abstract: An indexable cutting insert includes a first component with an outer or top surface and side surfaces. A third component is mirror symmetric with respect to the first component about a vertical or y-axis of the cutting insert. A second component is disposed between the first and third components. Multiple cutting edges are defined at an intersection between the side surfaces and the top surface, wherein the cutting edges define a positive axial rake angle. In one embodiment, the first and third components are in the shape of a polygonal with a star appearance, and the second component is in the shape of a square. The first and third components are offset from one another by a first offset angle, while the second component is offset from the first and third components by a second offset angle to allow the cutting insert to be indexable.