--- title: Getting Started on Cost-savings Initiatives description: The best time to start cost savings initiatives is in January, for maximum impact. The second best time is now. image: https://www.mitgi.us/hubfs/MITGI_BLOG_2024-06.jpg --- (320) 455–0535         [MY ACCOUNT](https://shop.mitgi.us/my-account/)                     [![reverse](https://www.mitgi.us/hs-fs/hubfs/branding/reverse.png?width=250&height=46&name=reverse.png) ![navy](https://www.mitgi.us/hs-fs/hubfs/branding/navy.png?width=425&height=79&name=navy.png) ](https://mitgi.us/) - [ PRODUCTS ](https://www.mitgi.us/blog/cost-savings-initiatives#) - [ DEBURRING TOOLS ](https://www.mitgi.us/products/deburring-tools) - [ DRILLS ](https://www.mitgi.us/products/drills) - [ END MILLS ](https://www.mitgi.us/products/end-mills) - [ KEYSEATS ](https://www.mitgi.us/products/keyseat-cutters) - [ REAMERS ](https://www.mitgi.us/products/reamers) - [ THREAD MILLS ](https://www.mitgi.us/products/thread-mills) - [ ALL PRODUCTS ](https://www.mitgi.us/products/) - [ QUICK TURN SPECIALS ](https://www.mitgi.us/products/quick-turn-specials/) - [ CUSTOM TOOL ONLINE FORM ](https://www.mitgi.us/products/custom-tools/) - [ QUOTE SHEETS ](https://www.mitgi.us/products/quote-sheets/) - [ COATING ](https://www.mitgi.us/products/coating/) - [ CATALOG ](https://www.mitgi.us/catalog/) - [ ABOUT US ](https://www.mitgi.us/about-us/) - [ COMPANY HISTORY ](https://www.mitgi.us/about-us/company-history/) - [ COMPANY OVERVIEW ](https://www.mitgi.us/overview) - [ LEADERSHIP ](https://www.mitgi.us/about-us/leadership/) - [ COMMUNITY ENGAGEMENT ](https://www.mitgi.us/about-us/community-engagement/) - [ EMPLOYMENT ](https://www.mitgi.us/employment/) - [ CONTACT US ](https://www.mitgi.us/contact-us/) - [ BLOG ](https://www.mitgi.us/blog) [![click here to search mitgi.com](https://no-cache.hubspot.com/cta/default/8656830/c3cca512-7097-4401-a987-00af37eaff27.png)](https://cta-redirect.hubspot.com/cta/redirect/8656830/c3cca512-7097-4401-a987-00af37eaff27) [![click here to search mitgi.com](https://no-cache.hubspot.com/cta/default/8656830/c3cca512-7097-4401-a987-00af37eaff27.png)](https://cta-redirect.hubspot.com/cta/redirect/8656830/c3cca512-7097-4401-a987-00af37eaff27) - [ PRODUCTS ** ](https://www.mitgi.us/blog/cost-savings-initiatives#) - [ DEBURRING TOOLS ](https://www.mitgi.us/products/deburring-tools) - [ DRILLS ](https://www.mitgi.us/products/drills) - [ END MILLS ](https://www.mitgi.us/products/end-mills) - [ KEYSEATS ](https://www.mitgi.us/products/keyseat-cutters) - [ REAMERS ](https://www.mitgi.us/products/reamers) - [ THREAD MILLS ](https://www.mitgi.us/products/thread-mills) - [ ALL PRODUCTS ](https://www.mitgi.us/products/) - [ QUICK TURN SPECIALS ](https://www.mitgi.us/products/quick-turn-specials/) - [ CUSTOM TOOL ONLINE FORM ](https://www.mitgi.us/products/custom-tools/) - [ QUOTE SHEETS ](https://www.mitgi.us/products/quote-sheets/) - [ COATING ](https://www.mitgi.us/products/coating/) - [ CATALOG ](https://www.mitgi.us/catalog/) - [ ABOUT US ** ](https://www.mitgi.us/about-us/) - [ COMPANY HISTORY ](https://www.mitgi.us/about-us/company-history/) - [ COMPANY OVERVIEW ](https://www.mitgi.us/overview) - [ LEADERSHIP ](https://www.mitgi.us/about-us/leadership/) - [ COMMUNITY ENGAGEMENT ](https://www.mitgi.us/about-us/community-engagement/) - [ EMPLOYMENT ](https://www.mitgi.us/employment/) - [ CONTACT US ](https://www.mitgi.us/contact-us/) - [ BLOG ](https://www.mitgi.us/blog) - [MY ACCOUNT](https://shop.mitgi.us/my-account/) - [CHECKOUT](https://shop.mitgi.us/checkout/) - [CART](https://shop.mitgi.us/cart/) [** ](https://www.facebook.com/mitgiUSA) [** ](https://www.mitgi.us/blog/cost-savings-initiatives#0) ###### 1 min read # Getting Started on Cost-savings Initiatives By: [ MITGI ](https://www.mitgi.us/blog/author/mitgi) on Jun 19, 2024 2:11:02 PM [carbide cutting tool](https://www.mitgi.us/blog/tag/carbide-cutting-tool) [manufacturing](https://www.mitgi.us/blog/tag/manufacturing) ![Featured Image](https://www.mitgi.us/hubfs/MITGI_BLOG_2024-06.jpg) For maximum impact, cost savings initiatives are best started in January when there are a full 12 months in which to realize the gains. But, initiatives can only get underway when resources are available, solutions rise to the surface, and there are no fires that need immediate attention. So while January may be the *best *time to roll out cost-saving measures, the *next best* time is now (no matter what today's date is on the calendar). ### 5 Easy Ways to Get Started 1. **Identify high-volume micro end mills and [ask us to provide a competitive quote](https://www.mitgi.us/products/custom-tools/).** Since our tools have quantity-based pricing, we may be able to provide a lower per-tool price than the incumbent. By providing a direct match tool, it's low effort to replace the existing tool. That combination makes this a low-effort, high-reward place to start. 2. **Add or change coating.** Depending on the material cutting, [adding (or changing) coating](https://www.mitgi.us/blog/selecting-the-right-tool-coating) may help to extend tool life. When tools last longer, you'll need to purchase less over the course of a year, you will reduce tool changes, and increase machine up-time - all of which can provide cost savings. 3. **Speed things up.** In some applications, it may be possible to push the tools a bit harder. With higher speeds and feeds often comes higher heat, so be sure to consider whether adding or changing the coating is needed. 4. **Move to material- and application-specific design. **General-purpose standard tools are often used when first considering production plans for a new product. After it moves to full-scale production (or when it's already there), it may be worth moving to [one designed for the material and application](https://www.mitgi.us/blog/end-mill-optimization-for-micro-tools).  5. **Assess tool wear.** Analyzing and understanding tool wear can help lead to design improvements that can extend tool life, improve surface finish, or alleviate secondary operations. On high-volume tools, this can impact the overall margin, especially on long-running jobs. [Contact us](https://www.mitgi.us/contact-us/) to discuss options. [![Click to Get a Custom Tool Quote](https://no-cache.hubspot.com/cta/default/8656830/22bf85cc-87f5-4a27-b252-101bdb3c6f43.png)](https://cta-redirect.hubspot.com/cta/redirect/8656830/22bf85cc-87f5-4a27-b252-101bdb3c6f43) ###### 2 min read #### [Process improvement tasks and objectives](https://www.mitgi.us/blog/process-improvement-tasks-and-objectives) Aug 20, 2025by MITGI There are many reasons why a company may pursue continuous improvement projects: teams may be tasked with identifying... ###### 1 min read #### [Alleviate burrs with MITGI deburring knives](https://www.mitgi.us/blog/alleviate-burrs-with-mitgi-deburring-knives) Aug 13, 2025by MITGI In many industries that require precision machining, burrs left behind during manufacturing can get in the way of the... ###### 2 min read #### [Avoid out-of-tool disruptions and stabilize pricing with blankets](https://www.mitgi.us/blog/avoid-out-of-tool-disruptions-and-stabilize-pricing-with-blankets) Mar 31, 2025by MITGI For long-running product lines with well-established cutting tool usage, blanket orders are an easy way to ensure that... 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