What are Precision Components Precision components are highly precise machinery parts manufactured based on custom specifications of customers, used for industrial and machine-based companies in different applications, like CNC turning.Precision manufacturing is what happens when a design is developed that requires highly accurate components and is made into a workable part. There are many industries that have very precise tolerance that has to be exact. When it comes to parts for the aerospace industry, for example, this precision can save lives. ASSEMBLIES DIE MANUFACTURING MANDREL METAL STAMPING TURNING INJECTION MOULDING BORING LASER CUTTING