Explain the importance of building high-performing team

Assignment Help Operation Management

Reference no: EM132242014

1. Explain the importance of building a high-performing team and of effective communication in managing projects. What methods do you use or have observed to build an effective project team? Give an example from your personal experience or research.

2. A large bakery buys flour in 25-pound bags. The bakery uses an average of 4860 bags a year. Preparing an order and receiving a shipment of flour involves a cost of $10 per order. Annual carrying costs are $75 per bag.

EOQ = 36 bags

Profit = $2700

Question: Assume the supplier only accepts orders that are multiples of five bags. What should be the ordering quantity for the bakery? Hint: Find the two numbers (that are multiples of five) that are closest to the economic order quantity. Compute the total annual cost assuming the order quantity is one of the two numbers. The order quantity that yields the lower annual cost would be the optimal order quantity.

Reference no: EM132242014

Questions Cloud

Describe the purpose of requirements testing : Describe the purpose of requirements testing and what the requirements engineers, designers, and testers are attempting to achieve.

Describe weaknesses of the authentication protocol : The purpose of the research paper is to provide a survey of the Kerberos authentication protocol.Items that should be addressed include, but are not limited to.

Who communicate using different communication styles : Identify the behaviors of people who communicate using different communication styles.

Solve the problem using the transportation simplex : Determine an initial basic feasible solution using the Vogel Method and then solve the problem using the transportation simplex.

Explain the importance of building high-performing team : Explain the importance of building a high-performing team and of effective communication in managing projects.

What is the central meridian for the area you chose : What is the central meridian for the area you chose? What does the central meridian indicate? (Submit a number for the meridian and then a sentence).

What are some pros and cons to augmented reality : What are some pros and cons to augmented reality?

What is the difference between planning and control : What is the difference between planning and control? How are demand and capacity measured?

Explain the consequences if the project is not performed : How does executing this project make your company better/different/special? What is the competition doing to solve this problem or add this capability?

User Account

All Pages