Precision Machine Tool is a machine tool company that primarily manufactures for the automobile industry. The machine tool industry is self-sufficient in that they use their resources to manufacture products; that is, they use their own tools. Precision Machine tool uses big machines to build parts for lathes, which are sold in the automobile industry for use in factories. Precision has always had a reputation of quality, though it has declined because of aging technology …
showed first 75 words of 678 total

showed last 75 words of 678 total
…thirty percent; orders are rejected because of a lack of quality and high production costs. Employment at Precision has also been hit hard, down twenty-two percent. Precision is not able to compete with foreign imports in price, nor in quality. This, of course, is because they have remained victims of the automotive industry recession. Garner and Avery have to make an educated decision as to what is best for Precision in the present and future.