retooling

retooling
retool re‧tool [ˌriːˈtuːl] verb
1. [intransitive, transitive] MANUFACTURING to change or replace the production equipment used in a factory:

• It will spend $300 million retooling a plant to produce televisions.

retool for

• The company plans to shut two plants for a month to retool for the redesigned minivans.

2. [transitive] informal to change the way in which something is done:

• Two big auction houses are retooling their sales strategies in hopes of succeeding in a difficult market.

— retooling noun [uncountable] :

• the high costs of retooling and operating a small-scale production facility

* * *

retool UK US /ˌriːˈtuːl/ verb
► [I or T] PRODUCTION to replace the machines and equipment used in a factory: »

July is a slower month because many plants shut down to retool.

 retool a plant/factory »

The auto industry should receive 'substantial incentives' to retool factories to develop more fuel-efficient vehicles, such as hybrids.

► [T] US INFORMAL MANAGEMENT to organize something in a new or different way in order to improve it: »

The administration could have retooled the tax system to discourage consumption.

 »

We have been forced to retool our business strategy in light of global realities.

retooling noun [C or U]
► PRODUCTION »

The new model doesn't require a complete retooling of existing assembly lines.


Financial and business terms. 2012.

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