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Manufacturing
A close up of a microchip component
The current global shortage of raw materials and electronics components (especially Integrated Circuits – ICs) is causing customers and manufacturers a lot of anxiety around pricing and lead times. Prices of these particular components have in some cases increased by 2-3 folds, while some lead times have increased to a minimum of 16 weeks; and...
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An tray with Integrated Circuit chips
Shortage of components The COVID-19 pandemic has caused an imbalance in supply and demand of components globally. This has affected the Technology (IT + consumer electronics), Automotive and (electronic) manufacturing industries. People were also affected by either losing their jobs or being forced to work from home. This led to a decrease in demand for...
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Precision team pic with Michael Sukkar
On Friday, 12 March 2021, we had the opportunity to host the Hon Michael Sukkar, Assistant Treasurer, Minister for Housing, Minister for Homelessness, Social and Community Housing, and our local member of parliament for Whitehorse Council. We provided his team with a tour of our facility and spoke at length about the positive impact of...
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Graph of Copper price over a 2 year span
COVID-19 has affected many industries around the world including the freight industry, and as a result have increased their delivery times and freight costs. This has severely impacted electronic manufacturers over the course of 2020. This year, we expect this trend to continue as the annual increase of freight rate by courier companies will also...
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Hand marking a circle on a calendar
2020 has flown by quick! We can’t believe it’s almost the end of the year – which means Christmas is around the corner. Precision will be closed over the holiday period from Wednesday, 23 December 2020 and reopen on Thursday, 7 January 2021. As our main suppliers of PCBs are based in China, they will...
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Manufacturer of the Year Seal
We are thrilled to announce that Precision Electronic Technologies has been named as a finalist in the Defence Connect Australian Defence Industry Awards 2020 for Manufacturer of the Year.
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Gift Box with gold bow and thank you card
The COVID-19 pandemic has had a profound effect on everyone’s working and personal life. At Precision, we had to ask our team to change shifts, work from home, socially distance, wear masks and separate from friends during break times. Additionally, the personal restrictions placed on all of us (as a result of living in Melbourne)...
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Often when we receive a Request for Quote (RFQ) from customers, some key pieces of information are missing. Missing details will delay us in getting the quote back to you at our earliest. To make sure we provide you with the best possible lead times and pricing, please provide the following information when you submit...
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Precision - Stage 4 Restrictions in Victoria Banner
Earlier this year in March, the Precision team set in place new safety measures across the company to ensure the well-being of our employees and our community. In July, we implemented additional measures to comply with the restrictions outlined by the DHHS. Following the Victorian Government’s guidelines for Business – Stage 4 restrictions, Precision’s services...
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Wash hands icon
In addition to the safety measures we implemented in March, the team at Precision have implemented the following new measures in accordance to the guidelines outlined on the DHHS website. All Precision staff must: Have their temperature recorded every morning. Any employee with a temperature of 38 degrees or over will need to go home,...
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Closeup of a component highlighting date code, logo and traceability code
In the electronic manufacturing industry, the ongoing problem of counterfeit electronic components has posed a prominent threat to the supply chain. Counterfeit parts can cause severe quality and safety issues as they are likely to malfunction, which can impact product performance. These performance issues can be dangerous especially if the products are developed for the...
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Sample purchase order highlighting key details
Delivery (from your supplier) is an important element to get your products out to customers on time; however, it is often not considered in detail. A few missing pieces of information can severely impact the delivery process. Here are 5 tips to ensure your products get delivered on time. 1. State your preferred method of...
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