A method of efficiently forming a finished part, the method includes providing a cutting tool having a first cutting edge extending from a first end of the cutting tool, a second cutting edge extending from a second end of the cutting tool, and a shaping edge disposed between the first cutting edge and the second cutting edge. The cutting tool is advanced into a rotating workpiece such that the first cutting edge removes a trailing end of the rotating workpiece, the shaping edge shapes a working portion of the rotating workpiece, and the second cutting edge removes the working portion of the rotating workpiece to form the finished part.