Premium Essay

Blanchard Case

In:

Submitted By varun15
Words 815
Pages 4
What are the advantages / disadvantages of the EOQ/ ROP system and the system used at Blanchard?
Which system do you prefer?
EOQ/ ROP system:
Advantage-
1) The system achieves the balance between two costs ordering cost and the carrying cost. 2) The system keeps track of removals from inventory on a continuous basis, so the system can provide information on the current level of inventory for each item 3) The system helps meet the anticipated customer demand. 4) The system keeps buffers between successive operations to maintain continuity of production (reducing the variability in demand at various stages).

Disadvantage- 1) EOQ/ROP system is essentially a reactive approach; this approach gives only an order quantity, it does not suggest ways to reduce the inventory 2) For implementation of EOQ a perpetual inventory counting system needs to be in place, this implies substantial investments which might not be feasible for some. 3) Even if EOQ system is in place there is necessity to physically count the inventory periodically in order to ascertain the accuracy of the system. 4) EOQ/ ROP is a static system that is, it does not change automatically with the change in demand. For every period a new EOQ/ ROP needs to be established. 5) It is valid for a single product and not a basket of products. (Assumption made while deriving the EOQ/ ROP.) 6) It does not take into account the other production factors such as times required for production run (as in this case, all one size items are produced in one go rather than changing the sizes and hence a sufficient quantity of other sizes need to be at hand in order to reduce the stock out situations.)

System used at Blanchard:

Advantages-

1) At Blanchard finished case inventory storage area is not a constraint (as actual finished goods inventory had never occupied

Similar Documents

Premium Essay

Leadership

...Three Pillars Essay Grand Canyon University: UNV 504 Innovation and Entrepreneurship June 10, 2014 Three Pillars Essay In his video Ken Blanchard, discusses the three pillars of business; servant leadership, innovation and entrepreneurial spirit (Blanchard, 2011). Servant leadership is not being a servant to those that you work with, it is offering direction and vision with stated goals. It sets a platform for all employees to know where the company is headed, while focusing energy on the set goal. It requires that both management and employees live according to the vision with customers being the primary focus. Servant leadership if done correctly draws out the innovation in employees. It asks people to bring their ideas to work and put on their thinking caps to move towards better practices, efficient processes and more satisfied customers. It allows for the entrepreneurial spirit in employees to be developed. Employees not only become a part of the process for development and innovation, but partners in the business. They have a personal stake in the company which can build long term loyal employees working to sustain and grow for the customer, themselves and the business. Although servant leadership focuses on others and needs of the whole in most cases there could be some shortcomings to servant leadership. According to Lynch and Friedman servant leaders might easily focus more on the needs of the followers than the needs of the organization as a whole or considering...

Words: 1141 - Pages: 5

Premium Essay

Studying Leadership

...organization. Although there is not one set definition when it comes to leadership, words that are often associated with leadership include guidance, facilitator, and structure (Yukl, 2010). “After a comprehensive review of the leadership literature, Stogdill (1974, p. 259) concluded that ‘there are almost as many definitions of leadership as there are persons who have attempted to define the concept.’” (Yukl, 2010, p. 2). As convoluted as this concept may be, it is undeniable that such a complex behavior is not an easy task. Thus, there are several different approaches to studying leadership. Among these approaches is the situational approach. Situational Approach The situational leadership theory, developed by Dr. Paul Hersey and Ken Blanchard, focuses on the importance of contextual factors that manipulate leadership practices. “Major situational variables include the characteristics of followers, the nature of the work performed by the leader’s unit, the type of organization, and the nature of the external environment” (Yukl, 2010, p. 14). According to the situational leadership theory, the style of leadership that should be used is based on the maturity level of the followers. There are four types of maturity levels that range from high maturity to low maturity. Based on the maturity level of the group, there are four leadership styles that are appropriate: telling, selling, participating, and delegating (Hersey & Keilty, 1980). Strengths and Weaknesses The situational...

Words: 700 - Pages: 3

Premium Essay

Resource

...Name: Course: Date: Instructor: Resource Identification and APA Exercise Worksheet Part 1: Resource Identification Directions: Click on each link below and identify the resource type. In addition, answer the questions provided below each link about the particular source. *The template is able to manipulate if you require more room for your responses. Each resource type will correspond to one of the following choices: Website Blog Newspaper Magazine Book Journal Article Encyclopedia Dictionary Resource Link & Questions What is the resource type? 1 http://library.gcu.edu:2048/login?url=http://library.books24x7.com.library.gcu.edu:2048/library.asp?^B&bookid=50775&refid=C3VGQ Book a. What is the name of the resource? Make Your Brain Work: How to Maximize Your Efficiency, Production and Effectiveness b. Who is the author? Amy Brann c. Is this Peer Reviewed? (Yes or no, and please explain why.) d. Would you use this resource for an academic paper? (Yes or no, and please explain why.) 2 http://library.gcu.edu:2048/login?qurl=http%3A%2F%2Fwww.credoreference.com/entry/hmndcl/plagiarism a. Provide a properly formatted APA reference page citation for this source: Plagiarism. (2002). In The new dictionary of cultural literacy, Houghton Mifflin. Retrieved from http://library.gcu.edu:2048/login?qurl=http%3A%2F%2Fsearch.credoreference.com.library.gcu.edu%3A2048%2Fcontent%2Fentry%2Fhmndcl%2Fplagiarism%2F0 b. Is this a scholarly source (Peer Reviewed)...

Words: 937 - Pages: 4

Premium Essay

One Minute Manager

...THE ONE MINUTE MANAGER By Ken Blanchard & Spencer Johnson "The One Minute Manager" is good and powerful for anyone who has a problem getting the most out of their staff. The emphasis is on setting goals and establishing clear expectations, praising people by catching them doing something right and correcting poor performance. It reveals three secrets to productive and efficient managing as told through a young man's search for the perfect managing and leading skills. It also finds a balance between being an autocratic manager, who cares only about the results, and a democratic manager, who cares only about the people. The lessons are imparted in the form of an interesting parable about a young man who has set out looking for world-class management skills. This book starts off with a young man in search of well balanced manager. The young man is initially unable to find any manager who can strike the correct balance between results and people. During the course of the story, the young man meets the One Minute Manager, a willing mentor who seems to have things well in control and plenty of time on his hands. He finds that a good man is an honest man, who leads by example and who genuinely cares for his people. He learns that the original One-Minute Manager has established certain precepts to ensure that a work group is individually more responsible. These ideas come to three simple techniques: • One Minute Goal, • One Minute Praising, and • One Minute Reprimand One...

Words: 629 - Pages: 3

Free Essay

Who Moved My Cheese

...Who Moved My Cheese Book Review Davenport University HRMG 314 Robert Schultz April 14, 2013 Introduction Who moved my Cheese is a book about a team of two mice and a team of two miniature executives who each run through a maze in search of cheese. One of the corridors in the maze had an abundance of cheese. All goes well until somebody moved the cheese. Authors Ken Blanchard and Dr. Spencer Johnson have a unique way of showing us an important message that can radically alter the way we cope with change. Cheese is a metaphor for what you want in life, a good job, a loving relationship, money or a possession, health or peace of mind (Mission, 2009 slide 2). The maze is where you look for what you want. Most people are fearful of change because they don't believe they have any control over how or when it happens to them. Since change happens either to the individual or by the individual, authors Ken Blanchard and Dr. Spencer Johnson shows us that what matters most is the attitude we have about change. The Characters The four imaginary characters in the story are Sniff, Scurry, Hem & Haw. Sniff and Scurry are mice; Hem & Haw are two mini people. When the four imaginary characters notice that their cheese is declining, which was always there, they have different attitudes on what to do about it. The mice, Sniff and Scurry, deal with change rather simplistically. Being animals, the mice are more adaptable to change and react to the loss of...

Words: 1036 - Pages: 5

Free Essay

Marketing

...Kenneth Hartley Blanchard is an American author and management expert. His book The One Minute Manager Has sold over 13 million copies and has been translated into 37 Languages. He is the Chief Spiritual Officer of the Ken Blanchard Companies, an international management training and consulting firm that he and his wife , Marjorie Blanchard, cofounded in 1979 in San Diego, California. He has the ability to masterfully communicate ideas. His caring nature exudes through his intellectual speeches that often have audiences feeling as if he is speaking to each individual person rather than Entire group. * Dr. Spencer Johnson is the Chairman of Candle Communications Corporation, and an active author, publisher, lecturer and communications consultant. He has written more than a dozen books dealing with medicine and psychology. Dr. Johnson’s education includes a degree in psychology from the University of Southern California, an M.D. degree from the Royal College of Surgeons in Ireland, and medical clerkships at Harvard Medical School and the Mayo Clinic. “The One Minute Manager” is more than a book; which includes, a genre of Motivation and Leadership , because , it shows Motivational Genre by introducing the democratic manager , and shows Leadership Genre by introducing the Autocratic Manager, which is seen in the book “ The One Minute Manager” which is a book for finding a balance between being an Autocratic Manager, who cares only about the results, and a Democratic...

Words: 1135 - Pages: 5

Premium Essay

Resource Identification

...Name: Carl Fortson Course: UNV 104 Date: January 30, 2015 Instructor: Jonathan Roeder Resource Identification and APA Exercise Worksheet Part 1: Resource Identification Directions: Click on each link below and identify the resource type. In addition, answer the questions provided below each link about the particular source. *The template is able to manipulate if you require more room for your responses. Each resource type will correspond to one of the following choices: Website Blog Newspaper Magazine Book Journal Article Encyclopedia Dictionary Resource Link & Questions What is the resource type? 1 http://library.gcu.edu:2048/login?url=http://library.books24x7.com.library.gcu.edu:2048/library.asp?^B&bookid=50775&refid=C3VGQ Book a. What is the name of the resource? Make Your Brain Work: How to Maximize Your Efficiency, Productivity and Effectiveness. b. Who is the author? Amy Brann c. Is this Peer Reviewed? (Yes or no, and please explain why.) Yes. The reasons why are because the articles has more four pages, the article does have a theory and the article does have a list of references. d. Would you use this resource for an academic paper? (Yes or no, and please explain why.) Yes. The reasons that I would use this resource for an academic paper are because the article has more than four pages, the article does have a theory and the article does have a list of references. 2 http://library.gcu.edu:2048/login?qurl=http%3A%2F%2Fwww...

Words: 1062 - Pages: 5

Free Essay

Case 1

...Johnson, M.D., is an international bestselling author whose books help millions of people discover simple truths they can use to have healthier lives with more success and less stress.” (Spenser Johnson, 2002: 2) “The story of Who Moved My Cheese was created by Dr. Spencer Johnson to help him deal with a difficult change in his life. It showed him how to take his changing situation seriously but not take himself so seriously.” (Spenser Johnson, 2002: 3) 1.2 About Who Moved My Cheese The story Who Moved My Cheese is a parable which tells people “an amazing way to deal with change in your work and in your life.” (Spenser Johnson, 2002: Cover Page) The first part of the book is “The Story Behind The Story”, which is written by Kenneth Blanchard, Ph.D. In this part, he shows what each character stands for in our true life in his opinion and what glamour the little story can stimulate people. The second part, we can also include it into the story who...

Words: 2776 - Pages: 12

Premium Essay

Re: Friday

...Resource Identification and APA Exercise Worksheet Part 1: Resource Identification Directions: Click on each link below and identify the resource type. In addition, answer the questions provided below each link about the particular source. *The template is able to manipulate if you require more room for your responses. Each resource type will correspond to one of the following choices: Website | Blog | Newspaper | Magazine | Book | Journal Article | Encyclopedia | Dictionary | | Resource Link & Questions | What is the resource type? | 1 | http://library.gcu.edu:2048/login?url=http://library.books24x7.com.library.gcu.edu:2048/library.asp?^B&bookid=50775&refid=C3VGQ | Book | a. What is the name of the resource?Make Your Brain Work: How to Maximize Your Efficiency, Productivity, and Effectiveness.b. Who is the author?Amy Brannc. Is this Peer Reviewed? (Yes or no, and please explain why.)No, because it does not contain a list of experts who reviewed the book. d. Would you use this resource for an academic paper? (Yes or no, and please explain why.)Yes, because it is found in the GCU library. Everything in the library is credible. | 2 | http://library.gcu.edu:2048/login?qurl=http%3A%2F%2Fwww.credoreference.com/entry/hmndcl/plagiarism | Dictionary | a. Provide a properly formatted APA reference page citation for this source:Plagiarism. (2002). In The new dictionary of cultural literacy, Houghton Mifflin. Retrieved from http://library.gcu.edu:2048/login...

Words: 1377 - Pages: 6

Premium Essay

Book Review

...BOOK REVIEW ONE MINUTE MANAGER - DR. KENNETH H. BLANCHARD, PhD - DR. SPENCER JOHNSON, M.D. Submitted By: JOHN ROBIN H. ALVAREZ Submitted To: DR. NICK MARASIGAN Description about the Authors Dr. Kenneth Blanchard • He is the chairman of Blanchard Training and Development, Inc. (BTD), is an internationally known author, educator and consultant/trainer. • He is the co-author of the highly acclaimed and most widely used text on leadership and organization behavior, Management of Organization Behavior: Utilizing Human Resources. • Dr. Blanchard received his B.A. from Cornell University in Government and Philosophy, an M.A. from Colgate University in Sociology and Counseling and a PhD from Cornell in Administration and Management. • He is presently serves as a professor of Leadership and Organizational Behavior at University of Massachusetts, Amherst. In addition, he is a member of the National Training Laboratories (NTL). Dr. Spencer Johnson • He is the chairman of Candle Communications Corporation, and an active author, publisher, lecturer and communications consultant. He has written more than a dozen books dealing with medicine and psychology. • Dr. Johnson’s education includes a degree in psychology from the University of Southern California, an M.D. degree from the Royal College of Surgeons in Ireland, and medical clerkships at Harvard Medical School and the Mayo Clinic. Abstract of the Book • The book of One Minute Manager...

Words: 1022 - Pages: 5

Premium Essay

Leadership In The Odyssey

...Furthermore, by examining the actions and reactions of the characters in The Odyssey, a clear connection can be made between the epic and the innate behavior that certain people have and others don’t. Paul Hersey and Ken Blanchard, who are both well-known authors, created a theory called the “Theory of Situational Leadership”. The theory proposes that a manager's leadership style should be flexible and be adaptable to the situation, the task at hand and the capabilities of the individuals involved. Accordingly, a leader may adopt one of four different styles: Directing Style, Coaching Style, Supporting Style, and Delegating Style. Their research shows that a leader of a Directing Style tends to have the leader in command and only focused on completing the task, rather than the relationship between his or her crew members. The author explains,”The leader provides clear...

Words: 448 - Pages: 2

Free Essay

Family

...With these developments, it is obvious that conflicts between parties of different nationalities occur and liability to tax on income of foreigners especially among those engaging in trading venture. Whilst the laws affecting domicile and residence may be sufficiently settled, it is paramount for courts to pursue a detailed analysis to ascertain specific preliminary issues so as to avoid controversial rulings. Courts often handle numerous financial cases that involve what can be best described as foreign or international elements. In such cases, court must decide whether it has the jurisdiction under the Family Law Act 1975 to make a decision on such cases. In the event that it is determined that the court is invested with the jurisdiction to determine the case, the court has to consider whether there is a system of law in foreign country that also has the jurisdiction to handle the case. As it was addressed in the case Attorney General of New Zealand v Ortiz [1984] AC 1, these benefits and costs to either party if the case resolution is made in foreign country as compared with the apparent country should also be a subject of concern. [1] Legal systems in most countries around the world adopt community property regime, which takes effect at the inception of marriage or at the time of divorce. For instance, California and Massachusetts in the United States have adopted community property regimes that support equal division of assets upon divorce. However, this provision...

Words: 659 - Pages: 3

Premium Essay

None

...Adapted from Bernhardt & Kinnear (1988). Cases in marketing management, pp. 6-16. Plano, TX: Business Publications, Inc. Pay careful attention to the following points. They are often used by instructors to evaluate either a written or oral analysis. 1. Be complete. Each area of the situation analysis must be discussed, problems and opportunities identified, alternative presented and evaluated using the situation analysis and relevant financial analysis, and a decision must be made. An analysis that omits part of the situation analysis or only recognizes one alternative is not a good analysis. Second, each area must be covered in-depth and within insight. 2. Avoid rehashing case facts. Every case has a lot of factual information. A good analysis uses facts that are relevant to the situation at hand to make summary points of analysis. A poor analysis just restates or rehashes theses facts without making relevant summary comments. 3. Make reasonable assumptions. Every case is incomplete in terms of some piece of information that you would like to have. A good case analysis must make realistic assumptions to fill in the gaps of information in the case. For example, the case may not describe the purchase decision process for the product of interest. A poor analysis would either omit mentioning this or just state that no information is available. A good analysis would attempt to present this purchase decision process by classifying the product and drawing upon real life...

Words: 487 - Pages: 2

Free Essay

Save Me

...are given. It is understandable then that we should seek out more opportunities to apply our skills and make more positive impacts within our jurisdictions. It is this general attitude that led us to get involved in investigating cold cases. How We Got Started Mark had, for several years, been consulting with our Coroner’s Division as a forensic anthropologist. During this time he came to learn that there were numerous coroners’ cases in which the identity of the decedent was unknown. These cases were kept in three-ring binders on a shelf in the Sergeant’s office. Over the years, in the course of this forensic work, we would discuss these cases and the progress that was being made on them. The conversation usually ran along the lines of us asking “any luck with that 1980 homicide victim?” and the sergeant answering “well, we’ve gotten so many new cases that I haven’t been able to even look at it yet.” This went on for a few years and through two different sergeants. One day we, as a crime analysis unit, were brainstorming about how we could broaden our “client base”, as it were. We had been successful in integrating ourselves into our Investigations Bureau and had been involved in numerous major cases. And, of course, we had always been active in producing tactical and strategic analyses for our patrol personnel. But we knew that we could be doing more, particularly given the size and responsibilities of our agency. It was during...

Words: 412 - Pages: 2

Free Essay

Business Case

...BUSINESS CASE Presented to the Accountancy Department De La Salle University In partial fulfillment Of the course requirements In ACCTBA2 (C33) March 2, 2015 A stakeholder is typically concerned with an organization delivering intended results and meeting its financial objectives. In general, a stakeholder can be one of two types: internal (from within an organization) or external (outside of an organization). The stakeholders in this situation are Lanie Marquez and Tim Rodriguez who are also partners in the retail distribution business and their capital contributions are as follows P500,000 and P300,000 respectively they are an internal stakeholder since they are also the owners. The total Capital of both stakeholders is P800,000 and with a monthly salary for both partners at P15,000 on the assumption that both of them will contribute to manage the business equally. Assuming that both managed the business equally the total salary for the year for Lanie and Tim are P180,000 each. They share profit and loss equally and no interest will be given on capital contributed. The problem for this situation is that Lanie is starting to get concerned with the behavior of her other partner Tim. He only manages the business 50% of the time, which will mean that his salary of P15,000 will need to decrease by also 50% since he does not manage the business equally with his partner. The business has seen a downturn in the profit outcome and for the current financial...

Words: 758 - Pages: 4