Building inventory at both the US and Thailand plants is a critical part of our business plan. We need to build inventory in the US for both commercial and project use. We need to build inventory in Thailand for primarily project use but we should hold a small amount of inventory for commercial use to be sold to local fabricators and purchasers of sheet.
We need to build this inventory as quickly as possible. The inventory to be built and held in Thailand is as important as the inventory produced for the US. If there is any confusion of exactly what we need to have cast for inventory in the US and in Thailand please let us know immediately. Matt will be able to clarify any confusion. Our goal is to be able to pull sheet from inventory rather than having to cast for a particular project. This will greatly shorten the delivery times we can promise customers and will result in us being awarded more work.
As we get this process started with the new hydroclave coming on line, I want RPTA to deliver to Scott, Matt, Bart and me an ongoing list of all castings being produced and whether it is for the US or RPTD to place in inventory. All relevant personnel at RPTD should also be copied. This report needs to be sent out bi-weekly so that appropriate planning can take place. The ultimate goal is for RPTA to cast only for inventory and not for any specific project.
To be clear, everyone at all locations must understand that this in not a suggestion or a recommendation. This is a directive as to how we will proceed.