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Allama Iqbal Open University Islamabad (Department of Business Administration)

The document is a course packet for Inventory and Material Management (9544) from Allama Iqbal Open University. [1] It contains textbooks, course outlines, two assignments and assignment forms. [2] Students are warned against plagiarism or hiring ghost writers for assignments, which could result in being barred from receiving a degree. [3] Assignment 1 contains 5 questions about inventory management topics. Assignment 2 requires students to write a 1000-word research paper on a supply chain management topic based on their student ID number and present it in a workshop.

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264 views8 pages

Allama Iqbal Open University Islamabad (Department of Business Administration)

The document is a course packet for Inventory and Material Management (9544) from Allama Iqbal Open University. [1] It contains textbooks, course outlines, two assignments and assignment forms. [2] Students are warned against plagiarism or hiring ghost writers for assignments, which could result in being barred from receiving a degree. [3] Assignment 1 contains 5 questions about inventory management topics. Assignment 2 requires students to write a 1000-word research paper on a supply chain management topic based on their student ID number and present it in a workshop.

Uploaded by

ilyas muhammad
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOC, PDF, TXT or read online on Scribd
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ALLAMA IQBAL OPEN UNIVERSITY ISLAMABAD

(Department of Business Administration)


***

INVENTORY AND MATERIAL MANAGEMENT (9544)

CHECKLIST

SEMESTER: AUTUMN 2020

This packet comprises the following material:

1. Textbooks (two)
2. Course outline;
3. Assignment No.1 & 2
4. Assignment forms (2 sets)

In this packet, if you find anything missing out of the above mentioned material,
please contact at the address given below:

Deputy Registrar (Mailing)


Services Block # 28
Allama Iqbal Open University
H-8, Islamabad.

Ahmed Hassan Jamal


Course Coordinator
ALLAMA IQBAL OPEN UNIVERSITY ISLAMABAD
(Department of Business Administration)

WARNING
1. PLAGIARISM OR HIRING OF GHOST WRITER(S) FOR SOLVING
THE ASSIGNMENT(S) WILL DEBAR THE STUDENT FROM AWARD
OF DEGREE/CERTIFICATE, IF FOUND AT ANY STAGE.
2. SUBMITTING ASSIGNMENT(S) BORROWED OR STOLEN FROM
OTHER(S) AS ONE’S OWN WILL BE PENALIZED AS DEFINED IN
“AIOU PLAGIARISM POLICY”.

Course: Inventory and Material Management (9544) Semester: Autumn 2020


Level: PGD Total Marks: 100
Pass Marks: 50

ASSIGNMENT No. 1
Note: All questions carry equal marks.

Q. 1 What must manufacturing management do to manage a process or


operation? What is the major way in which management plans and controls?
(20)

Q. 2 What is a material requirements plan? What is the difference between


dependent and independent demand? (20)

Q. 3 How many standard hours are needed to run an order of 500 pieces if the
setup time is 2.0 hours and the run time 0.2 hours per piece? How many
actual hours are needed at the work center if the efficiency is 120% and the
utilization is 75%? (20)
Q. 4 A company is negotiating with a potential supplier for the purchase of
10,000 widgets. The company estimates that the supplier’s variable costs are
$5 per unit and that the fixed costs, depreciation, overhead and so on, are
%5000. The supplier quotes a price of $10 per unit. Calculate the estimated
average cost per unit. Do you think $10 is too much to pay? Could the
purchasing department negotiate a better price? (20)

Q. 5 The average demand for January has been 90, and the average annual
demand has been 1800. Calculate the seasonal index for January. If the
company forecasts annual demand next year at 2000 units, what is the
forecast for January next year? (20)

2
ASSIGNMENT No. 2
Total Marks: 100
Pass Marks: 50

This assignment is a research-oriented activity. You are required to select one of the
following topics according to the last digit of your roll number. For example, if your roll
number is D-3427185 then you will select topic number 5 (the last digit). Visit any
business/commercial organization and write a paper of about 1000 words on the topic
allotted to you. Prepare two copies of this report; submit one copy to your tutor for
evaluation and use other for presentation in the workshops, which will be held at the end
of semester prior to your final examination.
(0) Supply Chain Metrics
(1) Production Planning System
(2) Master Scheduling
(3) Capacity planning and Management
(4) Customer Relationship Management
(5) Forecasting and Demand Management
(6) Financial Statements and Inventory
(7) Economics Order Quantity
(8) Two-Bin System
(9) Total Quality Management

The report should follow the following format:


1. Title page
2. Acknowledgements
3. An abstract (one-page summary of the paper)
4. Table of contents
5. Introduction to the issue (brief history & significance of issue assigned)
6. Practical study of the organization (with respect to the issue)
7. Data collection methods
8. SWOT analysis (strengths, weaknesses, opportunities & threats) relevant to the
issue assigned
9. Conclusion (one-page brief covering important aspects of your report)
10. Recommendations (specific recommendations relevant to issue assigned)
11. References (as per APA format)
12. Annexes (if any)

GUIDELINES FOR ASSIGNMENT # 2:


 1.5 line spacing
 Use headers and subheads throughout all sections
 Organization of ideas

3
 Writing skills (spelling, grammar, punctuation)
 Professionalism (readability and general appearance)
 Do more than repeat the text
 Express a point of view and defend it.

WORKSHOPS:
The workshop presentations provide you opportunity to express your communication
skills, knowledge & understanding of concepts learned during practical study assigned in
assignment # 2.

You should use transparencies and any other material for effective presentation. The
transparencies are not the presentation, but only a tool; the presentation is the
combination of the transparencies and your speech. Workshop presentation
transparencies should only be in typed format.
The transparencies should follow the following format:
1) Title page
2) An abstract (one-page summary of the paper)
3) Introduction to the issue (brief history & significance of issue assigned)
4) Practical study of the organization (with respect to the issue)
5) Data collection methods
6) SWOT analysis (strengths, weaknesses, opportunities & threats) relevant to the
issue assigned
7) Conclusion (one-page brief covering important aspects of your report)
8) Recommendations (specific recommendations relevant to issue assigned)

GUIDELINES FOR WORKSHOP PRESENTATION:


 Make eye contact and react to the audience. Don't read from the transparencies or
from report, and don't look too much at the transparencies (occasional glances are
acceptable to help in recalling the topic to cover).
 A 15-minute presentation can be practiced several times in advance, so do that until
you are confident enough. Some people also use a mirror when rehearsing as a
substitute for an audience.

WEIGHTAGE OF THEORY & PRACTICAL ASPECTS IN ASSIGNMENT # 2 &


WORKSHOP PRESENTATIONS:
Assignment # 2 & workshop presentations are evaluated on the basis of theory & its
applicability. The weightage of each aspect would be:
Theory: 60%
Applicability (practical study of the organization): 40%

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