Word: reordered
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Dates: during 1960-1960
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...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...
...Inland Steel Chairman Joseph Block, industry's pruning of its steel inventories is a "natural reaction" to tight money, high interest rates, and the knowledge that steel is easy to reorder. Big Steel Chairman Roger Blough does not completely agree. He thinks that many corporations have changed their inventory policy, confident of a quick and sure supply at a time when one-third of steel's capacity is idle. Stockpiles of steel among users now total about 16 million tons. Blough and other industry leaders are convinced that users cannot reduce their inventories much below 15 million tons...
What all this meant to U.S. business at large was that though manufacturers' new orders have lately dropped, businessmen will have to reorder if the consumer keeps on buying at his present rate. Even the skittish stock market showed some cheer at this prospect. Though the bears on Wall Street had widely prophesied that the skidding market would break through its previous low for the year (reached in March) and continue its drop, they were disappointed. The market went right down to its low, then turned around and rallied. It ended the week at 607.62 on the Dow-Jones...