What is the option wheel on your products?
Figure 1 - A product found by scanning a tag - all options are available because you have scanned the individual tag, known as a Product Instance
Figure 2 - A product selected from the product list (Not scanned) - some options are greyed out because you have not specified a particular tag. This is the product template.
Nickname - Add a nickname of your choice to identify the tool
Delete Product - This will delete all the tools and their tags that you have of the same variety (6 of the same cutter? Delete Product will delete them all, and their tags
Delete Tag - This will delete this particular product instance, and its tag (so if you have 6 the same, the other 5 will remain
Resync Tag - Wrong information on the tag? You can change the information using this feature
Unsync Tag - Make the tag blank again, ready to re-use
Transfer - One cutter reached the end of its life but has information/comments/documents attached to the tag? Transfer them all onto a new tag using this feature.