The progress within the development of manufacturing processes leads to complex failure modes and reliability problems within the product life cycle. This fact is valid in the case of mass production of consumer goods, e.g. automobiles, as well as small batch series of industrial goods, e.g. machine tools. Especially micro product platforms with a high amount of derivate and variants are challenging regarding to the planning of high precision manufacturing processes to ensure product reliability. This paper discusses challenges, trends and approaches of future reliability engineering in planning and realisation of high precision manufacturing processes. It considers e.g. mathematical models for uncertainty quantification, additive manufacturing, hydro micro forming, 3D printing and multivariate process validation models. The paper contains contributions of universities, institutes and original equipment manufacturers of industrial nations: Germany, United Kingdom, Japan, Turkey, Poland and U.S.A.