Consider some of the operations that you'll need to do over the lifetime of the arrow:
cut the arrow to length -- measuring tape, markers, a store bought or DIY arrow saw needed, dust collection if cutting carbon arrows
square the ends of the arrow -- a store bought squaring tool or DIY
attach points and/or inserts -- hot melt glue + heat source (candle, torch, alcohol burner), pliers optional if you follow the rule of thumb that if it's too hot to hold, it's too hot to put into a carbon arrow; or mixing sticks/pads if using epoxy instead instead of hot melt glue
attach pin nock inserts if you are using pin nocks -- see above
put on wraps if you are using wraps -- any neoprene mouse pad is great for this
fletch the arrow -- fletching jig of your choice, glue of your choice, acetone or AAE wipes to clean shaft
sharpen your hunting broadheads -- sharpening stones
check arrow concentricity -- store bought or DIY arrow spinner
remove fletching if attached without wraps -- not so sharp knife, or zip strip, or other fletch removal tool
remove wraps and fletching -- kettle to boil water and arrows in, or a heat gun if you are brave and know what you are doing
remove points, inserts, and/or pin nocks -- heat source and pliers if hot glued in; drill bits that fit in the arrow to knock out the component if epoxied in
weight arrows, arrow components for the FOC obsessed -- scale that can show weights in grains