By: jen laver E-mail: exzprinzes@aol.com Introduction Industry 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 and machines. The aging of the technology is because of a decline in their capital caused by a recession in the automotive industry. D