Caterpillar announces plans to cut its production of construction equipment
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Caterpillar announced plans to cut its production of corn
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Caterpillar announced plans to cut its production of construction equipment due to forecasted increasesin steel prices. By discovering the problem with product inputs and letting customers know that its output will fall short, Caterpillar used feedforwardcontrols. Because Caterpillar monitored its inputs, it realized that a problem with its output would occur in the near future.
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