1. the process of replacing or updating equipment, machinery, or systems in a factory or organization
Usage: often used in manufacturing contexts
2. the act of reorganizing or restructuring something to make it more effective or suitable for new purposes
Usage: can refer to abstract concepts like policies or strategies

Examples

• The factory’s retooling took six months to complete.
• The company invested millions in retooling their production line.
• The retooling of the curriculum focused on digital literacy.
• After the merger, extensive retooling of management systems was necessary.
• The retooling process disrupted normal operations temporarily.
• Government retooling of healthcare policies began last year.