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B&ESI BUSINESS & ECONOMIC SOCIETY INTERNATIONAL

Event:. International Conference: January 2013. B&ESI BUSINESS & ECONOMIC SOCIETY INTERNATIONAL. Topic:. INVENTORY MANAGEMENT: FROM HUNCH TO MRP. Presentation by. Prof. Dr. Khawaja Amjad Saeed.

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B&ESI BUSINESS & ECONOMIC SOCIETY INTERNATIONAL

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  1. Event: International Conference: January 2013 B&ESIBUSINESS & ECONOMIC SOCIETY INTERNATIONAL Topic: INVENTORY MANAGEMENT: FROM HUNCH TO MRP Presentation by Prof. Dr. Khawaja Amjad Saeed Professor Emeritus & Founder Principal, Hailey College of Banking & Finance, University of the Punjab, Lahore Pakistan (2003----), Member Governing Council, International Federation of Accountants (IFAC), New York (1997-2000), President, South Asian Federation of Accountants (SAFA) (1997), President, Institute of Cost and Management Accountants of Pakistan (1997-2000), President, Association of Management Development Institutions of South Asia (AMDISA) (1993-96), Pro Vice-Chancellor University of the Punjab, Lahore (1994-1996), Founder Director, Institute of Business Administration (IBA), University of the Punjab, Lahore (1973-1996), Senior Faculty Member, Hailey College of Commerce, University of the Punjab, Lahore (1965-73) and senior Faculty Member, Hailey College of Commerce, University of the Punjab, Lahore-Pakistan. Earlier he had eight years experience in corporate world (1958-65). Email: kamjadsaeed@yahoo.com

  2. WELCOME TO OUR PROGRAM Presentation Frame • Constituents • Part A: Inventory Management • Part B: Use of Hunch • Part C: Table Preparation • Part D: “Q” Model • Part E: Just-In-Time (JIT) • Part F: Material Requirement Planning - MRP • Part G: Manufacturing Resource Planning-MRP II • Conclusion

  3. 1. CONSTITUENTS - A to G (9 parts) - Part A: Inventory Management - Stages - Goals - Tools - Costing - Part B: Use of Hunch - SMEs - Applications - Three Levels: - Order Point - Minimum - Maximum - Problems

  4. 1. CONSTITUENTS - Part C: Table Preparation - Order cost plus carrying cost - Minimum total - Table preparation - 167-most economical order quantity - Part D: “Q” Model - Q= - Assumptions - Answer 170 2CS U1+A

  5. 1. CONSTITUENTS - Part E: Just-In-Time - Rise - Global Experiences - Benefits - Part F: Material Requirement Planning: MRP - 1970s - Major Inputs - Prerequisites - Part G: Manufacturing Resource Planning: MRP II - 1980s - Software - Status with Score - Areas with Major Components

  6. 1. CONSTITUENTS Conclusion - User Choice - Applications THANK YOU FOR ATTENTIVE LISTENING. ASK ANY QUESTIONS.

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