Abstract: A method which broadly comprises the following steps: (a) submitting to a tool data library a request which includes the basic tool parameters to generate tool specification parameters; (b) generating tool specification parameters from the tool data library based on the submitted basic tool parameters; (c) importing the generated tool specification parameters into a parametric tool template; and (d) processing the imported tool specification parameters and parametric tool template using a CAD software program to create a tool specification, wherein the tool specification comprises a representation of a three-dimensional model of the tool and associated drawing specifications for the tool. Also disclosed is a system which broadly comprises: a requester workstation; a tool data library; a source of parametric tool templates modifiable with imported tool parameters; and a source of a CAD software program for processing the parametric tool templates and imported tool parameters to create tool specifications.