Cutting tool geometry design has traditionally relied on experimental studies; while engineering simulations, to the level of industrial deployment, have been developed only in the last couple of decades. With the development of simulation capability across length scales from micro to macro,cutting tool geometry development includes engineering data development for its efficient utilization. This calls for the design of a simulation-based approach in the design of cutting tool geometry so that the engineering data can be generated for different machining applications (e.g.digital twin). In this study, the needs for engineering model development of different stages of cutting tool design evaluation is assessed. To this end, some of the previously developed engineering models have been evaluated for evaluation of chip form morphology in industrially relevant nose turning process, work piece material behavior modeling and damage modeling for the prediction of chip shape morphology. The study shows the possibility for the developed models to act as building blocks of a digital twin. It also shows the need for engineering model development for different aspects of cutting tool design, its advantages, limitations, and prospects.