9-673-033 Blanchard Importing and Distribution Co.‚ Inc. HBSP 12pp. Teaching Note AvailableAnnotation - Illustration of the two main types of errors resulting from use of the economic order quantity (EOQ) as a tool in productionscheduling. Designed to permit class discussion to begin with a consideration of one common type of mistake‚ errors in calculation of the EOQ volume resulting from use of incorrect data for the input parameters of the formula. The analysis can then shift to a more general
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Marybeth Roe was born on September 11‚ 1942‚ in Duaneburg‚ New York. She was an average student at Duanesburgh High School and after graduation she worked at various jobs until she settled in as a nursing assistant at Ellis Hospital in Schenectady‚ New York. In 1963‚ at the age of 21‚ Marybeth met Joe Tinning on a blind date. Joe worked for General Electric as did Marybeth’s father. He had a quiet disposition and was easy going. The two dated for several months and married in 1965. Marybeth Tinning
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Group Case Assignment V Blanchard Importing and Distributing Co.‚ Inc. Read the course pack item “Blanchard Importing and Distributing Co.‚ Inc.” and answer the following questions: 1. Correct the EOQ and ROP quantities for each of the five items mentioned in the case. How do the corrected figures compare with the quantities calculated in 1969 and with production volumes scheduled for the June 1972 bottling run? Please follow the scheme below to answer this question: a. Investigate the original
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Introduction In the course of Operations Management was given to us a Harvard Business case study‚ “Blanchard Importing and Distributing Co.‚ Inc”. The company is a liquor distributer and bottler which‚ is struggling with inventory management problems. The aim of our work is to help the trainee‚ Hank Hatch‚ analyzing the company’s scheduling system and present recommendations with the purpose of solving problems intrinsically related with Inventory management. Firstly‚ we are going to
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production volumes scheduled for the June 1972 bottling run? The corrected numbers are much smaller than the scheduled amounts. If Blanchard did produce what they had originally planned‚ they would have a lot of unused inventory. What are the disadvantages of the formal EOQ/ROP system and the actual system used for scheduling bottling runs at Blanchard? Which system do you prefer? What improvements can be made? A disadvantage for the formal EOQ/ROP system is that the cost of a stock
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This paper will analyze the book “Raving Fans”. This book was co-authored by Ken Blanchard and Sheldon Bowles. This book deals with the topic of customer service‚ or the lack thereof in today’s society. These two authors “have taken an important‚ complex subject‚ peeled back all but the critical core‚ and set out fundamental truths in a simple‚ understandable‚ and enjoyable form”. (page#x) This book is a story about a man who accepted a job with a company as an area manager. The first day on the
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Ken Blanchard – Situational leadership Ken Blanchard’s background and era in which he worked: Ken Blanchard – Kenneth Hartley Blanchard was born in 1939 in New Jersey and was raised in New York. He received a master’s degree from Colgate University‚ and a bachelor’s and PhD from Cornell University. He is a guru‚ an American author‚ a speaker and an influential business consultant. He is known as one of the most effective and sophisticated storytellers and leadership expert for his phenomenal book
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Blanchard Importing and Distributing Co.‚ Inc Question 1: EOQ/ROP Calculations Multi period Inventory System: Fixed-Order Quantity Model (EOQ/ROP) Assumptions: Demand for products is constant‚ however safety stock added as precaution to stock outs. Probability of not stocking out is 95% Lead time is constant Price per unit is constant Inventory holding cost is based on average inventory and storage costs for safety stock Setup costs are constant All demands for product will be satisfied
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Managing Business Operations Case Analysis: Blanchard Importing and Distributing Co. Inc. (HBS Case 9 - 673 - 033) Submitted by: Tushar Kothavale (130) NMIMS‚ FT MBA 2009-2011 1) Correct the Economic Order Quantity (EOQ) and Reorder point (ROP) quantities for each of the five items mentioned in the case. We first predict the annual demand for the year 1972 based on trend for 4 months of 1972 based on corresponding months of 1971. Calculations for Annual demand (R): The assumption made here is
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Hersey and Blanchard ’s Situational Leadership Q4 Hersey and Blanchard believe a manager may effectively use any of four styles depending on the “readiness level” or “maturity” of the subordinates (Hersey‚1984). Maturity: assessed in relation to a specific task and has 2 parts; Psychological maturity – Their self-confidence‚ ability and readiness to accept responsibility Job maturity – Their relevant skills and technical knowledge Readiness Level: based on how ready and willing the follower
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