Robert Daggett Quotes on Product (2 Quotes)

The acquisition of Lauri added confusion to what we do. We'd been making similar stuff for years and everybody knew how to make those products. We basically doubled the size of our product line in one fell swoop and the old way of relying on memory no longer worked.

Because we do relatively small volumes of many different products, if we're not careful, inventory can gobble up our cash. We used to have huge growth rates of our inventories as business grew. Now we are able to hold them level even though we add more products each year, so we can manage our cash flow more effectively.