PRECISMART

PreciSmart, established in July 2022, is a dynamic managed manufacturing marketplace that spans a diverse range of products, from everyday items like nails to cutting-edge technologies like rockets, and materials such as fiber to fabric. Since its inception, PreciSmart has experienced significant growth, with order bookings soaring from $6 million to an impressive $25 million. The primary goal of PreciSmart is to address the challenges faced by both customers and suppliers in the manufacturing i... ndustry. Customers often grapple with issues related to predictability, reliability, and cost, while suppliers and vendors encounter difficulties in managing finances, securing competent resources, and achieving scalability. These challenges inevitably impact the quality, delivery, and cost performance of projects. To tackle these issues, PreciSmart adopts a digital and simplified approach to manufacturing. Instead of investing in its own factories, the platform leverages the resources of PRECISMART approved suppliers. This strategic decision allows PreciSmart to offer a wide range of products while maintaining flexibility and agility in its operations. PreciSmart operates as a comprehensive solution provider, employing a unique set of analytical tools to streamline customer and vendor management. These tools digitally analyze incoming customer orders, evaluating talent, design requirements, and raw material procurement. Vendors are categorized based on this analysis, and financing is arranged as needed. Continuous quality analysis is conducted throughout vendor operations, ensuring exceptional quality for customers and providing transparency on project status. In this business model, PreciSmart assumes full responsibility for order execution and timely delivery of finished goods to customers. This approach creates a win-win situation for both customers and vendors, eliminating inefficiencies in manufacturing processes, reducing costs, and delivering value to stakeholders. As a result, PreciSmart stands at the forefront of revolutionizing the manufacturing landscape, fostering innovation, and creating a seamless, efficient, and transparent marketplace for both suppliers and customers.More