Compared with standard triple-jaw chucks with soft jaws, standard collets tend to be inexpensive and more accurate for gripping in the small-to-medium range. Conversely, three-jaw chucks are usually ineffective and cumbersome when used to grip items this small.

Collets are used to hold a tool in a central position as it rotates. As the tool is inserted into the collet, the device expands and provides uniform pressure that holds the tool in place. However, if the collet stretches too far, it cannot secure the instrument properly and may lose shape.

A collet chuck is an alternate work holding device that also uses mechanical forces to hold a workpiece. While a collet chuck does not work with the same wide range of workpiece sizes that a jaw chuck can accommodate, it offers advantages in speed, accuracy, and productivity that may be crucial for certain jobs.