Material Management, as a core Supply Chain function, focuses primarily on the assured supply of material, maintaining optimum quantity of inventory and ensuring the least deviation between the desired outcome and the actual outcome. It refers to the process of planning, sourcing, purchasing and coordinating the movement of materials as well as their proper storage and directing and controlling the flow of these materials in an optimum manner to fulfill a predetermined outcome at minimum cost.
Material Management programs provide an in-depth understanding of the objectives of material planning, handling as well as forecasting and the importance of ISO (International Standards Organization) guidelines. Learners are acquainted with the principles, techniques and the tools of quality management and acquire knowledge about vendor evaluation process, value analysis framework and the implementation of material management in ERP and SAP. Students of Material Management programs gain managerial competencies along with business communication and negotiation skills, which give them a competitive edge for succeeding in their careers.
A combination of the following topics is taught in Material Management programs-
Economy & Policy | International Business | Principles of Management | Management Information System |
E-commerce | Business Communication | Accounting for Managers | Marketing Management |
Consumer Behaviour | Research Methodology | Human Resource Management | Legal and Business Environment |
Management Decision | Managerial Economics | Inventory Management | Total Quality Management |
Transport Management | Strategic Management | Business Analytics | Financial Management |
Project Management | Production, Planning & Control | Packing Distribution Management | Quantitative Techniques for Management |
Materials Management | Warehouse Management | Shipping & Transport Logistics |
Programs in Material Management are apt for fresh graduates or working professionals who either aspire to have successful and lucrative careers in the field of Material Management or are looking to boost their career growth in this realm by gaining relevant knowledge and essential skills.
Programs in Material Management open employment avenues for the following profiles-