Industrial Management I51

important feature in Europe as in America, because
no single country of Europe has the large consuming
public which exists in the United States. while, in
addition, the habits of different nationalities and
the customs barriers limit the markets.
“In the second type of scheduling the necessary
time is reserved on the various machines which are
to do the work on the product, so that when the
material is released from the stores-room, it moves
through the shop at a definite rate of speed and
is ready for delivery on a predetermined date.
Scheduling of this kind is used in plants that manufacture
 diversified products, of which the volume
is not sufficiently large to make mechanical scheduling
 economical.
“Tt is this type of scheduling which is particularly
applicable to handicraft industries, and it is securing
as remarkable results in Europe as it has in America
in the increased turnover of capital.”

Plans for Sales and Financing
“Do the plans comprise sales and finances as well
as production?”
“This is necessary, for great losses may be incurred
 if production, sales and finances are not
coérdinated and planned in advance.
“For example, in one plant the management had
concentrated its attention on increasing production
and reducing the cost, giving no thought to sales
antil it was suddenly discovered that the stores-rooms
contained as much finished goods as could be sold