Disclosed is a disk-shaped or strip-shaped tool for cutting machining, particularly for cutting profiles on a workpiece, such as a crankshaft which is moved in a rotating manner during machining. Said tool comprises several cutting inserts (11) which are radially clamped to a tool base holder (10) on the peripheral side or edge side thereof. At least one cutting insert (11) is fixed to a cassette-shaped support (12). Said cassette-shaped support (12) can be displaced in an axial direction in the area of the surface which supports the cutting insert (11) by means of a displacement wedge (13) and/or in a radial direction by means of another displacement wedge (33).