What is High Precision Parts? High precision part or precision machining can always be seen when it comes to designing, manufacturing machines, components, tools and etc. So, what exactly are they, why do we need them for the manufacturing project. High precision components or precision machining are referring to parts that have tolerances to single digit micrometers. A machine is made up of many large and small components, and if all of the parts do not have specific sizes, they cannot fit together tightly and function properly. In order for the machine to fit together tightly and have a consistent performance, machine manufacturers will find a precision part supplier that can provide them with the particular part they need.