Word: procession
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Dates: during 1920-1929
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...purchasing department has been developed during the last dozen years, due primarily to four things. First, the desirability of getting under one head all the various and sometimes competing functions which have to do with the assembling of materials either for use in process or for consumption incidental to the business: second, to provide the most efficient method of securing proper materials, having in mind economy, quality, delivery, and service third, the keeping in touch with markets of various products which are frequently purchased, and finally, to provide a certain amount of sales resistance in opposition to the professional salesman...
Briefly, production may be considered as making things to sell. A more specific definition would be, that part of manufacturing which takes the raw material or semi-finished material, and carries it to the stage which makes it ready for delivery to the customer. Production, thus, is really a process of development of some material, making it ready for the use of those who-will require it, either in process or for consumption...
...This process is usually of a more or less technical nature and requires engineering skill, or at least, an engineering attitude. In the steel business, for example, the various functions from mining, extracting, and smelting, down to the final processes which prepare steel products, technical skill is necessary. Engineering training is essential...
...liberal arts college than any of the other great divisions of business. Men trained in physics or chemistry may go into production work and some of the similar companies where less technical training is required, as for example, manufacturing of furniture or sand paper. Many men learn the process without an engineering background. In general, however, the way is long and tedious, and the very things which make for success in other fields are not so important when dealing with the various phases of production work...
Fleischmann Co., (sole rights to Scientist Fred Hayduck's yeast process and Scientist Carl Neuberg's testimonials) net, $19,820,668. Previous year...