The networking between companies in a supply chain becomes tighter. This applies for manufacturing plants and the supply with manufacturing equipment as well. Hence, the complexity of the flow of information, in particular for tool management, increases. Currently the exchange of information is mostly paper-based and tool data is not available continuously along the supply chain. By using a digital and cloud-based tool management system, breaks in the flow of information along the supply chain for machining tools can be overcome. Herewith tool data can be called and updated ongoing and location-independent. Furthermore, after clearly identifying a tool, required tool data can automatically be transferred into the control system of the machine.