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 manu- 
facture diversified products, of which the volume 
is not sufficiently large to make mechanical sched- 
uling 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 in- 
curred 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