Question-and-Answer Session
Operator
(Operator Instructions). Your first question comes from the line of Eric Beder with Brean Murray. Please proceed sir.
Eric Beder - Brean Murray
Good morning.
Jim McCann
Hi, Eric.
Eric Beder - Brean Murray
Congratulations.
Jim McCann
Thank you.
Eric Beder - Brean Murray
I came in a little late in the call, so I apologize if this is repetitive. Could you talk a little bit about -- you talked about the business improvement, the process improvement, how long a process is in terms of should we be thinking about in terms of -- in terms of better consolidation of facilities. How long is that process going to take to think -- to kind of reach kind of maximum level of where you want to be in terms of margin?
Jim McCann
Well, I think the way you should look at it, it's a permanent program for us. These are the retiring people who were formerly consultants that we have known in and worked with on projects in the past, making the commitment to bring them on and make them a part of our management team demonstrates that we will stay focused as a growth company on always being able to maximize any growth that we get, whether that growth comes from our organic growth efforts, whether it comes from the new business building efforts we have of businesses that we launch from birth or whether it comes from the acquisitions we already have or perhaps some new ones sometime in the future. We will always want to have the ability to make sure they were maximizing our efforts through our human resources, through our vendor relationships, through our purchasing and product procurement efforts, as well as our operating system. So, I think you should expect to see and anticipate that this has become a part of our DNA.
Eric Beder - Brean Murray
In terms of BloomNet --
Jim McCann
Let me finish the first part of that before I go to BloomNet, Eric, and I want Chris to comment on the specific. But what we introduced to you in the last conference call, Eric, is a continuing of projects, some of what we called the near term quick hits, others that were more in the vendor category in terms of how we purchased products, how we procured services and then the biggest category was a whole realignment of our company in terms of how we reengineer, how we do business. So, we began the effort. In the first few months you are seeing quick hit things start to take effect, which will have a continuing yield this fiscal year and a much greater yield next fiscal year. Some of the procurements efforts will have an impact especially in the second half of this fiscal year, but especially next fiscal year, and those system reengineering kind of efforts of bigger carrier efforts which are already identified and begun, will take longer to realize. So, Chris, if you could provide some color to it in terms of the kinds of things that Eric and the investment team can expect to see from those efforts this year and next.
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