“A friend’s house?” Mrs. Blanchard raised a brow. “Yeah‚ I have friends who wouldn’t mind.” “I’m sure you do.” Mrs. Blanchard crossed her arms. “It is best if we find a home for you.” “What you mean?” Stammered Charlotte. “I believe it would be best if we put you in a foster home.” A hopeful smile appeared on Mrs. Blanchard’s
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Chapter 7 Constraint Management DISCUSSION QUESTIONS 1. Examples of everyday bottlenecks include traffic lights‚ drive-thru windows at the bank or fast food restaurants. On the highway merging lanes and speed zones. Maintaining constant speeds‚ setting traffic lights to coordinate traffic patterns and only allow highway construction after rush hour. Fast food restaurants have two windows‚ pull over spots and new cash card options to reduce time at the window. 2. The primary economies of
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$12 each and are ordered in quantities of 1300 units. Annual demand is 5200 heat sinks‚the annual inventory holding cost rate is $3 per unit‚ and the cost to place an order is estimated tobe $50. Calculate the following:a) Average inventory level• EOQ sqrt(2DS)/H• sqrt(2*5200*50/3)= 416b) The number of orders placed per year• 5200/416= 12.5 per yearc) The total annual inventory holding cost• $3x416/2= 624 holding cost(Holding cost of annual inventory times the average inventory dived by 2)d) The
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is the “Situational Approach” theory‚ which was found by Paul Hersey and Kenneth Blanchard (1979). In this task‚ we will evaluate the usefulness of the leadership styles mentioned in the theory‚ then compare and contrast with some of the other styles. 1. Evaluate Four leadership styles include: Directing‚ Coaching‚ Supporting and Delegating. According to Seth Godin (2012‚ Situational Leadership by Kenneth Blanchard and Paul Hersey)‚ when Style 1 (Directing) said that leaders closely supervise
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its customers. Wal-Mart is the largest retailer in the world and its strategy is to sell high volumes of discounted products (Blanchard‚ Comm & Dennis‚ 2008). Wal-Mart Distribution is one of the largest in the world. Once the distribution center is built‚ stores will be planned and opened around it to gradually saturate the area which serves approximately 150 stores (Blanchard‚ Comm & Dennis‚ 2008). The distribution network is realigned to maximize efficiencies every time another center is added to
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19 Inventory Theory “Sorry‚ we’re out of that item.” How often have you heard that during shopping trips? In many of these cases‚ what you have encountered are stores that aren’t doing a very good job of managing their inventories (stocks of goods being held for future use or sale). They aren’t placing orders to replenish inventories soon enough to avoid shortages. These stores could benefit from the kinds of techniques of scientific inventory management that are described in this chapter
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$65.00 per order The cost per bicycle is $102.00 The holding cost is $102.00 x 1% x 12 months per year per bicycle which = $12.24 per year per bicycle The lead time is 4 weeks The total demand per year is 439 bicycles We can solve by using the Simple EOQ model below: When we plug in the numbers into the model we find that 68 bicycles is the optimal number of units we need to order. Our next step is to find out how many times per year we should be placing orders:
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References: Blanchard‚ N. P.‚ & Thacker‚ J. W. (2007). Effective Training: Systems‚ Strategies‚ and Practices (3‚ illustrated ed.). Upper saddle River‚ NJ: Prentice Hall. Kudler Fine Foods. (2004‚ January 13). Human resource: Policies and Procedures. Retrieved August
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INVENTORY CARRYING COSTS: Inventory carrying costs refers to the costs associated with carrying a quantity of stored inventory. This is one of the vital costs that needs to be optimized in any logistics system. It is a well-known fact that the inventory carrying costs is a part of the total logistics costs of the firm. Aspects of these vital costs can be described and evaluated from a variety of perspectives. Knowledge of inventory carrying costs is likely to be important to the success of any business
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Introduction Faced with rapid changes and the need for effective leaders‚ It is not necessary to reinvent leadership models and theory as there classic models already existing and are useful today as they were when they were first developed. The Hersey and Blanchard model‚ for example‚ shows us different leadership styles and that as leaders we need to change the leadership styles to suit the
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