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Precision is an independent firm which, in effect, acts as the exclusive export sales department for noncompeting manufacturers. Their loyalty is to their manufacturers and they are working hard to develop a successful export business.
It functions in foreign markets as a sales representative or exclusive wholesaler for a manufacturer in foreign markets. Precision has a formal agreement with manufacturers (whom it often calls the "principal" or the "factory") to "manage" their exports. Generally, Precision receives exclusive rights to sell in all foreign markets.
What makes Precision unique is it acts as a principle or intermediary with smaller carefully selected manufactures. Precision specializes in certain products and/or focus on the E.U., Canada, Brazil, China, and India, while other E M C are generalists. Precision also, acts has an E M C for foreign principles in China, Brazil, and India. Precision may be involved in other export related activities such as procurement on behalf of foreign clients. Most of the Precisions clients are independent businesses.
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