E-Z-GO 1999 Annual Report Download - page 25

Download and view the complete annual report

Please find page 25 of the 1999 E-Z-GO annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 71

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71

1999 Textron Annual Report 23
Improving Our Operations
We continue to look for opportunities
to streamline our operations, reduce
material costs and develop synergies
among our businesses. This involves ini-
tiatives such as Supply Chain Excellence.
Improving our operations also requires
us to broaden our use of e-business and
information systems. At Golf, Turf Care
And Specialty Products, for example, we
are installing an Enterprise Resource
Planning system, giving us the ability
to consolidate purchases, production
and inventory throughout the entire
global organization.
Entering New, High-Growth Markets
Strategic acquisitions complement
our focus on organic growth and
operational excellence. Our recent
addition of Progressive Electronics,
a leading manufacturer of wire and
cable identification and testing equip-
ment for the telecommunications
market, expands our position in
the data-signal-voice industry – a
promising platform for global growth.
Progressive brings a respected brand
with strong customer loyalty to
Greenlee Textron’s existing capabilities.
Greenlee also added Rifocs
Corporation – a manufacturer of fiber
optic test and measurement instru-
ments – to its family of businesses.
Fiber optics is the fastest growing sector
of the data-signal-voice market and will
become increasingly important as inter-
net technology continues to expand.
And we acquired OmniQuip
International, a leading manufacturer
of light construction equipment.
OmniQuip brings market leadership,
brand equity and solid growth prospects
to the Industrial Products group.
We have already begun to capitalize on
process improvements and synergies
with other Textron businesses, reaping
benefits from common manufacturing
processes with our golf and turf care
business, global sourcing opportunities,
and captive financing programs through
Textron Financial Corporation.
Ingenuity:
unleashing our potential
Newly acquired Rifocs Corporation
expands our presence in emerging mar-
kets like the data-signal-voice market
and more specifically, fiber optics.