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Solve A, which Is listed below.

B is : If the company used the absolute best inventory? policy, what would be the total of ordering and holding? costs?

C : What Is the reorder point?

Henry Crouch’s law office has traditionally ordered ink refills 65 units at a time. The firm estimates that carrying cost is 40% of the $11 unit cost and that annual demand is about 245 units per year. The assumptions of the basic EOQ model are thought to apply. For what value of ordering cost would its action be optimal?

a) For what value of ordering cost would its action be optimal?

Its action would be optimal given an ordering cost of $ per order (round your response to two decimal places).

 
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At age thirty-two, Ashley believed that she had landed an opportunity to accelerate her career as a leader and manager. Ashley had worked four years as a manufacturing manager in the industrial pump division of a conglomerate. Based on her outstanding performance, she was offered the opportunity to be the division head of a small and troubled unit of the company, Ultra Covers. The division in question manufactures after-market stylish covers for smartphones, laptops, and tablet computers. Although the products are of high quality, Ultra Covers has been losing money for several years. Competition in the field of stylish covers for electronic devices is intense, and profit margins are thin. Despite these challenges, Ashley took just one hour to accept the offer. She told the top-management committee, “I know I can convert Ultra Covers into a proud and profitable business unit.” Thirty days later, Ashley began her new position as division president. The former president was reassigned to a plant manager position in another unit of the conglomerate. Ashley’s first move was to conduct a listening tour of the company, interacting with workers and managers at all levels of the division. She also spoke with the major customers and several kiosk operators who sold Ultra Covers at shopping malls. After listening to so many people, making observations of her own, and analyzing financial and production data from the Ultra Cover division, Ashley swung into action. Her first step was to inform the manufacturing group that if they could not reduce manufacturing costs by 10 percent within six months, she might shut down domestic manufacturing and outsource all manufacturing to China. Ultra Covers would then become a sales and distribution unit, with almost no manufacturing. Ashley’s next major initiative came in a meeting with the sales manager, Ken. She told him that his goal for the upcoming fiscal year is to increase sales by 15percent, and that no excuses would be acceptable. Ken explained that his sales force is highly motivated, and that they are doing everything they can to boost sales, including intense Internet marketing. He said, “The channels are already saturated with decorative covers for portable electronic devices. A 15 percent jump in sales is unrealistic.” Ashley told Ken it was his job to find a way to increase sales—particularly if he wanted to keep his job. Another initiative Ashley took was to order managers and supervisors to find ways to reduce division costs by 10 percent in the upcoming fiscal year. “Do whatever it takes,” said Ashley. “Our costs are too high for our sales volume. Adjust the thermostats, do not replace some of the workers who quit or retire, cut back on scrap. And when you make photocopies, remember to print on both sides of the sheet of paper.” Ashley began to sense from comments she heard from her staff that perhaps her turnaround efforts appeared to be a little harsh. Based on this feedback, she decided to prepare a video that would be distributed on the Ultra Cover intranet. A central part of her message was that about four billion people in the world use some type of mobile device or computer, and that only 3 percent of them are purchasing a cover for these devices. She concluded, “We have a potential market of about 3.9 billion people throughout the world who could use at least one Ultra Cover. We have just begun our journey to greatness.” Questions 1. How successful do you think Ashley will be as a transformational leader at Ultra Cover? 2. What might Ashley be doing right as a transformational leader? 3. What suggestions might you offer Ashley to be more successful as a transformational leader?

 

 
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How much charisma, or how many charismatic behaviors, have you exhibited this week? Think back to all your interactions with people in this last week or two. What have you done that might have been interpreted as charismatic? Review the characteristics of a charismatic leader described in the text and in the Guidelines for Action and Skill Development. For example, did you smile warmly at someone, did you wave to a person you see infrequently and address him or her by name? Did you help your team, club, or group think seriously about its future? As part of this same exercise, record your charismatic behaviors for the upcoming week. Be alert to opportunities for displaying charisma.

 

 
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Lola majored in business administration with a concentration in marketing, and she is delighted with her career progress. She joined the frozen-food division of a large company ten years ago as a product specialist for frozen Indian food. Lola says with a smile, “I was torn between Asian studies and marketing. My first job was therefore a perfect fit for my interests.” Lola now holds the position of general manager of frozen foods, with a team of 6 people directly reporting to her, and 350 total employees. Lola has learned that a leader does not have all the answers, so he or she should ask lots of questions. She also believes that the right questions will get people thinking. During a recent meeting with her sales manager, Marvin, Lola asked her, “What’s to prevent consumers from serving mostly inexpensive fresh food instead of purchasing our expensive products?” Marvin responded, “Let me think about that one. It never occurred to me that our industry was in jeopardy.” The next day Lola sent a text message to Quinn, a new product development specialist, that asked, “How have you justified your pay this month?” Quinn sent a message back, “I’ve been working forty-five hours a week. Isn’t that enough?” The following day, Lola dropped by the cubicle of Brooklyn, the department administrative assistant, and asked her, “How can I improve my communication with you?” Brooklyn responded, “I thought that our communication was pretty good.” While having lunch with Geoff, the director of human resources, Lola asked, “Can you please explain to me how your group is increasing our revenue, improving our products or saving us money?” Geoff replied, “With all due respect Lola, you need more information about what HR does for an organization.” The following week during a staff meeting, Lola asked her team, “What should I be doing to help make our group the best frozen-food division in the industry?” Margot, the director of supply chain management, responded: “I’m going to need time to think about this one.” Questions 1. How effective does Lola appear to be in her approach of asking tough questions as a leadership technique? 2. What suggestion can you offer Lola to make her questioning technique more effective? 3. Which style of leadership does Lola appear to be demonstrating when she asks her team, “What should I be doing to help make our division the best pet-food division in the industry?”

 

 
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