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GOLD Award
2021 Bus. Excellence
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Manufacturing News & Insights

A close up of the Business Excellence Gold Award

Precision wins GOLD!

Joe (CEO) and Rob (COO) pose with the well earned award We’re thrilled to announce that Precision has won the prestigious 2021 Gold Business Excellence Australia Award. We are truly honoured and humbled with this recognition. We began the Business Excellence Journey in 2011, winning the Silver Award in 2015. In 2020, the Leadership Team...
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Closeup of electronic circuit board with electronic components

Top 5 risks of purchasing components from the grey market

The grey market is essentially a group of suppliers (approved and/or unapproved) that are outside the normal distribution channels from the OEM. These suppliers trade components (incl. semiconductors) that may have been resold, returned, or become obsolete. While most components sold in the grey market are fit for purpose, the risks are greater than if...
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2021 Manufacturer of the Year Seal

Finalist – Manufacturer of the Year 2021

We are thrilled to announce that we have been named as a finalist in the Defence Connect Australian Defence Industry Awards 2021 for Manufacturer of the Year.
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A switch that has Yes or Not Yet under the heading Increase Production

Why can’t we quickly ramp up semiconductor manufacturing?

With the current global shortages for semiconductors at the forefront of our challenges, the question on everyone’s mind – ‘Why can’t we quickly ramp up manufacturing of these electronic components?’
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A close up of a microchip component

The Rise in Quality Issues due to the Global Components Shortage

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.
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New SMT joins the Precision family

We're excited to announce that we have purchased and commissioned the following new machines at our Melbourne facility...
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An tray with Integrated Circuit chips

Shortage of Components & PCB Raw Materials

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

Visit by Hon Michael Sukkar MP

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

Price increases across manufacturing

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

Christmas 2020 and CNY 2021 Order Deadlines

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

Finalist – Manufacturer of the Year 2020

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

Thank you care boxes

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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