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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 ....

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... in modernization of technology. Consequently, Japanese technology was better and costs were lower. When a recession hit in 1980-1981, American firms had little capital to invest, and thus could not modernize their equipment. The industries that are going to survive in the future are those that have the most efficient computerized operations and that produce the cheapest, most reliable products. The Japanese have this edge and the American machine tool manufacturers are reluctant to change their ideologies of buying only American made products. John Garner and Tom Avery created precision Machine Tool. John Garner is the president of Pre ...