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

P RESENTATION F RAME 2 1.Constituents 2.Part A: Inventory Management 3.Part B: Use of Hunch 4.Part C: Table Preparation 5.Part D: “Q” Model 6.Part E: Just-In-Time (JIT) 7.Part F: Material Requirement Planning - MRP 8.Part G: Manufacturing Resource Planning-MRP II 9.Conclusion

- 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 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

- 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 1. CONSTITUENTS

Conclusion -User Choice -Applications 1. CONSTITUENTS