Leitz's intelligent tooling allows for information such as tool geometry, maximum RPM, direction of rotation, setting dimensions, feed rates, and cutter compensation to be programmed into the tool, optimizing processing functions including productivity, quality, and efficiency. Intelligent tools feature embedded chip technology, RFID devices, or integrated QR codes. An electronic connection allows for assessment of the tool condition and tool life, allocation to the machine, allocation of maintenance parameters, and tool tracking. Based on provided data, a machine can set appropriate processing parameters, improve operational safety, facilitate resetting of tools, and simulate machining processes.