Word: backlog
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Dates: during 1940-1949
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...where home-delivered milk had soared to 25½ ? a quart, consumption had dropped and worried dairy farmers asked the Department of Agriculture to cut farm milk prices. The farm equipment industry, which will do a record $2 billion business this year, was finally catching up with its huge backlog of orders. Small tractors, once scarcer than autos, could now be bought off dealers' floors...
Nevertheless, the sellers' market for the industry was about over, and as one observer cracked: "What we need now is an automatic salesman." Manufacturers were rapidly catching up with their once huge backlog of orders. Burroughs had already trimmed prices and competition was getting so keen that one maker said: "From now on, production is going to be tied to incoming orders, instead of deliveries being tied to production...
...Louis' crusading newspapers and the complaints of competing dealers, the state's attorney began poking around Bob's empire. What he found was this: Knetzer lost money on every car he delivered, made his money from the suckers, who got nothing. From his huge backlog of cash deposits, Knetzer bought cars at dealers' auctions for $2,500, sold them for $1,750. Thus he could make good on enough deliveries to keep more customers-and more cash-coming. Cars were scarce, suckers were plentiful and after all, when Bob delivered, the price was right...
Even the automobile industry was gradually gaining on its backlog. Though raw materials were still scarce and dear (see below), the industry last week chalked up another production record (122,717 cars and trucks). In Chicago, used car dealers were cutting prices...
...boom for Burroughs Adding Machine Co. It cut the price of its $184 adding-subtracting machine to $155, the $135 model to $125. Burroughs said it was giving consumers the benefits of its production savings. But there was another cogent reason: Burroughs had caught up with the backlog on its lower-priced machines...