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Indexable cutting tools are a cost-effective and time-saving alternative to their solid tool counterparts. Since the cutting tip is a small insert, a lesser portion of cutting material is needed rather than making a solid tool of the same material. This allows the shank or tool holder to be made of a less expensive but tougher material. Plus, the removable inserts can be easily exchanged during production without affecting the overall geometry of the tool, thereby eliminating additional set-up changes. For turning applications, turning toolholders and turning inserts.