Devil's advocate
Starting position is it's always worth paying for the correct quality for the correct job, and my (own-bought) box is mainly, but not exclusively, Snap-On, Stahwille, some Craftsman because I prefer to work with good tools...nonetheless let me play DA for a moment...
1. If the bean-counters in question aren't prepared to trust your judgement over what's necessary for a particular task you have my sympathy and should consider changing Company.
2. If you're maintaining your own fleet, then your Co will be picking up the tab for poor-tool-induced damage, so the BC's are messing their own short-sighted doorstep....refer to point 1 above, as your operating/maintenance costs will make you uncompetitive soon enough
3. Cynically speaking, if you're damaging Customer's aircraft with poor tools, it maybe the Customer who is having to dig deep for those repairs (3 hours to drill out that hard-to-reach bolt with the rounded head?). That's OK while your invoicers get away with it, but in that case refer to point 1 above and get your CV up to date as you'll lose Customers once they find out..
Question - when the roof leaks, do the BCs pay for repairs or buy a bucket to catch the drips? The answer tells you whether to stay or go.
Anyone brave enough to argue that good tools are worth it shouldn't have a problem finding a better job in these days of hard-to-find-good-repairmen....
Who pays the beancounters when all the good guys leave?