Jigs and fixtures are production tools used to manufacture identical parts accurately and interchangeably. Jigs both hold and guide cutting tools, while fixtures only hold workpieces. Key advantages of jigs and fixtures include increased productivity, interchangeability, quality control, and cost reduction through standardized production. Their primary purposes are to reduce production costs while maintaining consistent quality and maximizing efficiency. Common types of jigs include template, plate, and drill jigs, while fixtures are used for milling, grinding and other operations.