Word: reorders
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Dates: during 1960-1969
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...answer brokers' questions, keep track of floor transactions at each trading post, and feed quotations to the ticker at the rate of 16 million shares a day. More than 100 companies control their inventories with computers, which record every sale and tell managers when and how much to reorder. Borrowing an idea from the airlines, Long Island's Maxson Electronics Co. plans by next July to link 5,000 hotels, travel bureaus and car-rental outlets in a computerized reservations network...
Throughout the cold war, the Soviet Union has publicly exploited the apprehensions felt in this country, not just by the business community, but by labor as well. The recent spectre of the AFL-CIO joining thousands of Long Island families to beg the reorder of acknowledgedly obsolete bombers, hardly suggests the willingness to sacrifice or the consciousness of national interest that the President has called...
...kicked up his (and her) heels, and came out in force to buy for Easter. Department store sales, already on the rise, last week were pushing for their best week of the year. What was even more encouraging for manufacturers was the fact that merchants were beginning to reorder. New York's Kirby, Block & Co., which acts as buyer for more than 100 member stores, reported that a quick pickup in new orders followed in spring's steps. "The fast step-up in customer purchasing,'' said Milton J. Greenebaum, Kirby, Block's president, "is revealing...
...filling out long inventory-replacement cards while customers fumed for service. "What are these cards for?" he asked. The girls did not know. Sir Simon found that they were to keep track of merchandise in the stockroom, to curb employee pilfering and to tell the store manager when to reorder. Sir Simon ordered them abolished and let the sales clerks go freely into the stockrooms to get whatever they needed to sell. Pilfering not only did not increase, but the clerks sold more because they knew exactly what was in stock. Furthermore, store managers found they could tell when...
...necessarily, says Paradiso. "There is a much tighter relationship between inventory and sales than we have ever seen before." Where it once took a manufac turer months to shift his inventory position-either because he was top-heavy with goods or could not quickly reorder -today's manufacturer has new methods and machines for inventory control that enable him to keep his inventories tight, move fast when he wants to make a change. In the past, says Paradiso, inventory tended to lag about six months behind sales; today it can be adjusted in a matter of days. "What happens...