Precision Worldwide Inc

.

4. $1hat *ddirjoea! infl*ima{ion woulcl you wish to

have heh:re making this priciirg ,l.ri*i*nfl** spit* the abser:e* *f tiris informatlon, xill answer qi,erfion 3i

{-hapt*r

2*

Shert-Rt;aAirern$iivs{ilr;icsDt*isr*a.r

*Sl

5" tl/iii: hrndsight w6s ihc decieion ic raise the priee

i* ig?3

a gr,.*d ane ?

ease

?6-j

l'recision !ilorliiwide, Inc. *

oI rhe .rernan planr of preciiron rn"rf,f*,a*

In iate Ma_v 2004. Iians Thorhssg. rhe general mana{er

French firm lierrri poulenc ia computirorl oia plastic ring suhsrirute for the ireel used in cerfain *u.Unr, *iJ :ela:nhg by Pncision Worldwide. The plastic ,ing, n."-tu"rf,*

mBRager, &Ecountant, and deveicpment engineer to discuss the irrtroduction .by the

{P1VIi, selreduled an aflernoon meetirrg wilh his rales

li.

surcessfuily eniere,J ti;e iieid. Other compalies had app*ared rvitlr lo,,ver-qr;aliry u",f

chines. I'h*ie v,,as little d**bi that wolld i:e nrorc inicnsc,

l*r.euloJ *_ nrll" **p**iion

rings presenlly

inari(et, nor otly lrad a much langer life than the steei ring bui also spparently had; much iower

p!t'i

liJb of abaut *,,omontirs, depending upan which tne nrae irin* was used. n ,,,in_,,,,i ,.,ng replaced rn a iew seconds. and els of rhe macl,ines required ,, fir1g$ were us*aily replaced :ndiviclually

.

Ihe sic*i iing manuiaerured hv pWl had a rrorma]

th.;;il;" ;;;i;';. ;ffi;

manu_

n"* *[

aithough U,nel.nt *oa_

,;_

|:y:i"e P\4,'l's iarge

easr. ?horborgb problern

staaiial jnvsntori/ of speciai steel that frua Ur.n pur" chascd hr rheji manufacture. After a thorough survel. he had fiunij rhar ihe special

quanriry of sreel rings on hand and

*r***rO frm ;_ ;;;

as they .,v*re

0ui.

itr.

sfeet;il;il#'

the new plasric ring shor.rl}, afler rmrnedrarclv asked rrhen pWI

,ule, managcf. (Lerhard Henk had leamed of it, ,pprr*-. ,"Alrrj

would be able to supply

even ibr senp; ihe fotal book value olrhese exce*ded...