The development and implementation of a Multi-Agent Tool Management System (MATMS) is the focus of a wide-range research project on agent-based automatic tool procurement in supply networks. The MATMS operates in a context where an aircraft engine producer (customer) requires from external tool manufacturers (suppliers) the performance of dressing operations on worn-out CBN grinding wheels for Ni base alloy turbine blade fabrication. In this paper, a novel non-shortsighted Flexible Tool Management Strategy (NS-FTMS), integrated in the MATMS as domain specific problem solving function of the intelligent agent responsible for optimal tool inventory sizing and control, is presented as an alternative to both traditional tool management and prev...