Our work on apparel supplier adjustments to lean retailing suggests that an economy characterized by an increasing level of modern manufacturing and retailing practices should experience lower levels of inventories relative to sales.
( ( ( Our work ) ( on ( ( apparel ( supplier adjustments ) ) ( to ( lean retailing ) ) ) ) ) ( ( suggests ( that ( ( ( an economy ) ( characterized ( by ( ( an ( increasing level ) ) ( of ( modern ( manufacturing ( and ( retailing practices ) ) ) ) ) ) ) ) ) ( should ( experience ( ( lower levels ) ( of ( inventories ( relative ( to sales ) ) ) ) ) ) ) ) ) ) . ) )
(ROOT (S (NP (NP (PRP$ Our) (NN work)) (PP (IN on) (NP (NP (NN apparel) (NN supplier) (NNS adjustments)) (PP (TO to) (NP (JJ lean) (NN retailing)))))) (VP (VBZ suggests) (SBAR (IN that) (S (NP (NP (DT an) (NN economy)) (VP (VBN characterized) (PP (IN by) (NP (NP (DT an) (VBG increasing) (NN level)) (PP (IN of) (NP (JJ modern) (NN manufacturing) (CC and) (NN retailing) (NNS practices))))))) (VP (MD should) (VP (VB experience) (NP (NP (JJR lower) (NNS levels)) (PP (IN of) (NP (NP (NNS inventories)) (ADVP (JJ relative) (PP (TO to) (NP (NNS sales)))))))))))) (. .)))
Economies characterized by lower levels of modern manufacturing experience lower output.
( ( Economies ( characterized ( by ( ( lower levels ) ( of ( modern manufacturing ) ) ) ) ) ) ( ( experience ( lower output ) ) . ) )
(ROOT (S (NP (NP (NNS Economies)) (VP (VBN characterized) (PP (IN by) (NP (NP (JJR lower) (NNS levels)) (PP (IN of) (NP (JJ modern) (NN manufacturing))))))) (VP (VBP experience) (NP (JJR lower) (NN output))) (. .)))