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Verb: retool  ree'tool
  1. Reorganize, especially for the purpose of updating and improving
    "We must retool the town's economy";
    - revise
     
  2. Provide (a workshop or factory) with new tools

Derived forms: retools, retooling, retooled

Type of: exchange, interchange, reorganise [Brit], reorganize, replace, shake up, sub, substitute