Word: materiel
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Fifth Avenue Coach 63% Alside, Inc. 57% Dymo Industries 54% High Voltage Engineering 51% Berman Leasing 49% American Photocopy 46% Helene Curtis 45% American Crystal Sugar 42% Technical Materiel 41% Wesco Financial...
More an exercise in thrifty housekeeping than economic wizardry, the cost reduction program has achieved results by literal application of such homely principles as buying only what is needed, buying it at the lowest price and reducing operating costs. Closer analysis of materiel requirements enabled the Defense Department to cut purchases and inventory levels by a whopping $1.4 billion. To drive harder bargains, McNamara has insisted on more competitive contract awards and fewer cost-plus agreements. Operating costs were cut $292 million by closing unnecessary installations and standardizing supply management through the new Defense Supply Agency...
...Pentagon could trim a lot out of its budget (every division costs some $75 million a year), there would be no great saving to the gold flow, since West Germany is tied by a so-called "offset" agreement to spend some $650 million a year in 1962-64 on materiel purchases in the U.S. The guarantee to offset U.S. dollar
Despite the warning, Arizona Republican Barry Goldwater introduced a reservation that would have made the treaty conditional on the withdrawal of Soviet men and materiel from Cuba. "If you must vote for this treaty," said Goldwater, who had no intention of doing so, "demand at least this single, honorable, appropriate and meaningful price." Fuming, Majority Leader Mike Mansfield accused Goldwater of seeking "not to build the treaty but to bury it." Besides, added Arkansas Democrat J. William Fulbright, "the Russians would laugh at us." Barry lost...
Bell's enthusiasm for his old C.O. was well placed. During the eight years that Big Ed Rawlings ran the Air Force's Materiel Command, he took its procurement methods from the prop age into the space age. Under Rawlings, a Harvard Business School graduate, the old military system of stockpiling millions of items regardless of cost was turned into a worldwide computerized network of controls that lets little go to waste. This was just the kind of Wheaties that General Mills needed...