Madhya Pradesh Bhoj Open University, Bhopal
- Fees: ₹ 33,120
Materials Management
Degrees offered: B.A., B.E /B.Tech, Diploma, Executive MBA, M.E /M.Tech., M.Phil., M.Sc.
What is Materials Management
Materials Management is the grouping of management functions that support the flow of materials from purchase and production of materials to the planning and control of work in process to the warehousing, shipping and distribution of the finished product. Materials Management involves inventory management, value analysis, storekeeping, maintenance and upkeep of the inventories in hand and process.
The goal of materials management is to supply a continuous chain of production-related components so that things may be produced and delivered to clients on time. Materials management aims to guarantee seamless outflow and inflow of materials while reducing warehouse stock levels. Materials management also refers to making optimum use of the available resources. It is a specialisation in MBA offered by some of the selected institutes in India. The course has the greatest demand in the manufacturing industry right now as it forms the mainstay of the business in the Materials Management field.
Eligibility Criteria (UG & PG) of Materials Management
Undergraduate level
Candidates must have passed class 12th from a recognised board.
Candidates from all streams are eligible to apply for admission in this course.
A candidate must score at least 50% marks during their 12th with the minimum limit varying from college to college.
Admission is made based on the 12th marks in various colleges that offer BBA management courses.
Some colleges conduct their entrance exams for admission.
Students are then shortlisted and called for an interview and allocated colleges after the counselling process.
Postgraduate level
Bachelor’s degree in BBA or degree in any other stream recognised by the University Grants Commission is the minimum requirement.
A Bachelor's degree in BBA/B.Tech/BA/B.Sc is demanded by some colleges.
Candidates must have scored at least 60 per cent marks in the last qualifying examination.
CAT, GMAT and other national MBA entrance exam scores are accepted in many colleges and universities across India.
Eligibility criteria vary from college to college.
Entrance Exams for Materials Management
CMAT- Common Management Admission Test is an online National level entrance examination conducted annually by the National Test Agency of India. It is conducted to select students into all management courses approved by AICTE.
DU JAT- Delhi University Joint Admission Test is conducted to grant admission for the bachelor of management studies course. The DU JAT is two hours long and has a total of 400 marks which one can achieve. DU JAT consists of 100 questions with 4 marks allotted to each question.
IPMAT- Integrated Program in Management Aptitude Test is an online entrance exam organised by the Indian Institute of Management, Indore. This national-level test is conducted for a five-year integrated program in management. Quantitative ability and verbal ability of the candidates are tested in IPMAT. Candidates with a minimum of 60% or equivalent CGPA from a recognised board in class 12 are eligible to apply. IPMAT is conducted only once in a year.
XAT- Xavier Aptitude Test is an online admission test conducted to grant admission to MBA/PGDM courses in XLRI and other top colleges in India. XAT has four sections, namely verbal and logical, decision making, quantitative aptitude, data interpretation and general knowledge. There are a total of 100 multiple choice questions to be answered within three hours.
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Scope of Materials Management in India and Abroad
Students having experience in the field of production can learn the techniques of materials and logistics management and implement them in daily operations. The previous point is for postgraduate studies. Undergraduate courses require basic knowledge on materials management and candidates who are interested in manufacturing as well as shipping, retailing fields are best suited for this course.
The administration of materials is one of the most common job paths with a bright future. The ultimate goal of a career is to safeguard the environment, make sure we only use what is necessary, and leave the remainder for a future that is sustainable. Both the public and commercial sectors provide a wide range of job options. People like them are needed in the corporate sector. Materials managers enable the supply chain to function successfully. Materials planning and control, purchasing, warehouses, and inventory management are the key topics covered by materials management.
An average salary for a Materials Management professional ranges at around Rs. 8-9 lakh p.a. (Approx.). It is a promising career option, as a range of job opportunities are available in materials management. The cost component of the total product cost must be least. To control this Materials Management professional strives to establish and ensure this control Materials Management professionals are hired tremendously.
Course Fees Materials Management
| Minimum Fees | Maximum Fees | |||
|---|---|---|---|---|
| Private | Government | Private | Government | |
| UG |
1.53 Lakhs
B.B.A in Materials Management at RIMT University, Gobindgarh
|
30.45 K
B.A. in Materials Management at College of Vocational Studies, New Delhi
|
2.25 Lakhs
B.B.A in Materials Management at Jagannath University, Jaipur
|
30.45 K
B.A. in Materials Management at College of Vocational Studies, New Delhi
|
| PG |
9.00 K
P.G.D in Materials Management at All India Institute of Management Studies, Chennai
|
33.12 K
MBA in Materials Management at Madhya Pradesh Bhoj Open University, Bhopal
|
1.80 Lakhs
M.E /M.Tech. in Materials Management at University of Technology, Jaipur
|
45.00 K
P.G.D in Materials Management at Indian Institute of Materials Management, Bangalore
|
| DIPLOMA |
10.00 K
Diploma in Materials Management at CMJ University, Shillong
|
---
Data not available
|
34.00 K
Diploma in Materials Management at Indian Institute of Materials Management, Pune
|
---
Data not available
|
Course Subjects
Undergraduate courses in materials management cover a variety of subjects, including finance, business ideas, and other management themes. There are several mentions of BBA materials management topics.
Financial Accounting
Microeconomics
Business Statistics
Personality Development
Research Methodology
Consumer Behavior
International Business
Transport Management
Shipping and Transport Logistics
Materials management postgraduate programmes are three years long and cover a wide range of subjects. Among the topics covered in an MBA in materials management are:
Principles of Management and Organizational Behavior
Packing Distribution Management
Quantitative Techniques for Management
Total Quality Management
Managerial Economics
Corporate Communication
Careers in Materials Management
Materials Management is quite an interesting field with diverse career options. Jobs in private as well as public sectors are open to graduates of Materials Management course. Departments of purchasing, supplying and storing, public storing, and supply chain industries recruit materials managers.
An effective and efficient Materials Management technique is the key to achieve success in this domain. Proper management of resources and planned way of working is the way to safeguard the career in materials management. As the population of the country is getting large, resources are getting scarce. Thus, the requirement of a Materials Manager to maintain the smooth scaling up of the supply chain and import and export.
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Upcoming trends
Big Data and Analytics- With the consistent digitisation of information and processes, the application of big data and the analytics and modelling I enable has become such a powerful trend. The main aim of big data is to discover useful information, suggest conclusions and support decision making. Especially in materials management, big data drives improvement in material handling to aggregate supply chain data across businesses.
Internet of Things- Internet of things and data communication built into physical objects that help them to be tracked, coordinated or controlled across data networks or via the internet. The Internet of Things supports communication and coordination across conveyors, automated storage and retrieval systems.
Mobile Technology- Use of tablets and smartphones and other gadgets constitute mobile technology. The business regime is ruled by mobile technology these days. Mobile technology is the primary platform for displaying data now and the future.
Advanced Robotics- Robotics has been used in material handling for some time. But a new generation of advanced robots has replaced those and implemented enhanced levels of sensing capabilities and algorithms that allow them to better sense their environment.
Job Profiles and Top Recruiters
Job Profiles Offered to Materials Management Graduates
Candidates can better understand their career goals and aspirations with the aid of job descriptions and profiles. A excellent job description outlines the requirements and responsibilities of the position for potential candidates. Below are some significant job roles and profiles.
Job Profile | Job Description |
Strategic Planner | A Strategic Planner works to shape the company’s business strategy. They plan and assess a company’s performance. Research and data analysis to inform business decisions is conducted by a strategic planner. |
A Purchasing manager seeks quality vendors or suppliers to provide quality goods at a reasonable price. They are responsible for negotiating prices and contracts, reviewing technical specifications for raw materials, components and equipment are also a purchase manager’s responsibilities. | |
A Supply Chain Manager manages every stage of production flow, from purchasing raw materials to the delivery of the final product. | |
Materials Analyst | A Materials Analyst performs various duties for a firm. He/she has to ensure that the company’s inventory is up to date. And also, those materials are distributed on behalf of the company for smooth flow goods in the supply chain by materials analysts. |
A Procurement Manager is a supply chain and logistics professional specialised in ensuring cost-effective purchasing of all materials and services. | |
Sourcing Manager | A Sourcing Manager is responsible for analysing strategic sourcing and directing procurement expenditure. He/she also develops sourcing policies and creates cost estimates and forecasts. |
Warehousing Manager | A Warehousing Manager is responsible for overseeing the warehousing and distribution operations. Implementing operational policies and procedures, ensuring the effective and safe use of warehouse equipment. |
Top Recruiters in Materials Management
Top recruiters for Materials Management are leading global firms, manufacturing industries, shipping, corporate companies and many more. Names of a few top recruiters are as follows,
ACC Limited
Accenture
CTS
Global services
Infosys
ITC
Pepsi
Reliance
R Systems
Infocomm
Stagen
Whirlpool
Wipro
Zenith computers
ANI
IFC
Average Salary
Below is a list of the common job descriptions that are available, along with an estimate of their respective annual salary levels. The amount below is an approximation; actual packages vary based on a range of factors, including the candidate's qualifications and work experience.
Job Profile | Salary |
Strategic Planner | Rs. 7-10 lakh p.a. (Approx.) |
Purchase Manager | Rs. 3-7 lakh p.a. (Approx.) |
Supply Chain Manager | Rs. 6-8 lakh p.a. (Approx.) |
Materials Analyst | Rs. 4-7 lakh p.a. (Approx.) |
Procurement Manager | Rs. 6-8 lakh p.a. (Approx.) |
Sourcing Manager | Rs. 8-10 lakh p.a. (Approx.) |
Warehousing Manager | Rs. 5-7 lakh p.a. (Approx.) |
Required Skillset for Materials Management
Analytical and Problem-solving Skills- Materials managers must possess great analytical skills to know when supply level needs to be fuelled. Basic math skills will help materials managers compare prices and track budgetary goals. Materials management demands skills like problem-solving, ability to work as a team, leadership and organisation skills.
Negotiation and Communication- Good negotiation skills play a vital role as material managers need to settle upon plausible terms of a contract with suppliers. Also, Clinical knowledge about healthcare products is a must. Strong communication skills for effectively conveying purchasing information to vendors, staff and executives are essential.
Technical Skills- Computer knowledge is necessary since most of the healthcare services have digitised their inventory. Proficiency in MS Office and working knowledge of SAP MM are specific requirements.
Other Skills- Excellent organisational and leadership skills are mandatory for material managers. Knowledge about supply chain and inventory management system is needed. Understanding of forecasting and budgeting is a requirement. Experience in shipping and receiving is expected in recruitment.
Course Curriculum for Materials Management
Materials Management course deals with a thorough study of material related activities and how to carry them out in a cost-effective manner. Communication and negotiation skills required for the material industry is imparted through the course to the students. The main goal of the material manager is to reduce the cost without compromising the quality, the hank to do that is taught in materials management course. Understanding of the function that increases the profitability of a business organisation is inculcated into the students. The importance of the materials department in an organisation is understood well by the end of the course and candidates develop themselves as able managers in the evolving materials industry.
Popular Materials Management Entrance Exams in India
GATE
Exam Date: 11 Feb, 2023 - 12 Feb, 2023
Popular Materials Management Colleges in India VIEW ALL
Frequently Asked Questions (FAQs)
Question: What is the role of the materials management graduate?
Answer :
A materials management graduate is responsible for managing inventory and purchasing procedures of raw materials and other supplies within a country. Successful material managers possess excellent organisational skills and must possess a deep understanding of forecasting and budgeting.
Question: What are the key responsibilities of a materials manager?
Answer :
Managers just don’t go and haphazardly perform their responsibilities. Managers discover how to master the following five skills, which are, namely, planning, organising, staffing, leading and controlling. Under these come the other responsibilities of a materials manager.
Question: What are the skills required to be an effective materials management graduate?
Answer :
Excellent organisational skills and planning skills, verbal and written communication skills are a basic requirement. Interpersonal skills and the ability to work well are very necessary. Proficient with inventory reporting systems and familiarity with supply chain and inventory management systems. Planning, control and performance improvement, and operations strategy are the gateway to get a career in materials manager.
Question: What are the benefits of materials management?
Answer :
Materials Management is useful in the areas of bulk materials surplus, manpower management, labour productivity, and more. Management also deals with an adequate supply of materials as and when required for the smooth production process and prevents overstocking and understocking of materials.
Question: What is the scope of materials management?
Answer :
Materials Management is the way to ensure that the material cost component of the total product cost is least. Materials handling is responsible for supplying materials to various departments. Logistics is an important part of supply chain management that deals with planning, scheduling, and control of the supply chain, which is a sequence of organisations and functions that mine. It is a vast department for pursuing a career.
After knowing the numerous and distinct job roles in materials management, one can choose one according to his/her interest and start working for an organisation.
Questions related to Materials Management
Showing 4237 out of 4237 Questions
7 Views
Does the Department of Management Studies, National Institute of Technology has any clubs and committees?
1st Feb, 2023
Yes, DoMS of NIT Trichy has the following clubs and committees for students in its courses:
Library Committee - The students in this Committee look after the books, journals and various education-related materials that are there in the library.
Regimen Club - This Club creates opportunities for the members to present their abilities, periodic sessions for successful delivery of managerial skills.
OpEX- The Operations Club- This Club aims at generating ‘Business Process Management’ techniques through different lessons like Six Sigma, Lean and 5S implementations.
Nisadhya- The Marketing Club- In this Club, the members share their ideas, talents and skills on marketing through various sessions, events etc.
Vittiya- The Finance Club- This Club concentrates on strengthening the financial concepts through various speaker seminars, games and debates.
Persona - The HR Club- The aim of this Club is to transform the theories contained in the HR books into practice, with mock applications of every stage and scenario.
Analytica- The Analytical Club- This Club conducts a ‘Peer Learning’ programme where students are encouraged to learn and teach the other students about analytics.
SEC Club- This Club conducts events related to society, entrepreneurship and culture.
Answer later 8 Views
Is the Department of Management Studies, National Institute of Technology NIT Trichy accredited?
1st Feb, 2023
Yes, the Department of Management Studies, National Institute of Technology NIT Trichy is accredited by the by the National Board of Accreditation (NBA). This is the only institution to be funded by the Ministry of Human Resource Development (MHRD) among all the NITs. It offers MBA and PhD programmes.
6 Views
Does Department of Management Studies, National Institute of Technology has hostel facility?
1st Feb, 2023
Yes, Department of Management Studies, National Institute of Technology has hostel facility for both boys and girls. The hostels are separate and have facilities such as internet, drinking water, television, indoor and outdoor games and support staff to take care of students’ needs.
7 Views
How is the placement at BMS Institute of Technology and Management, Bangalore?
28th Jan, 2023
The Placement & Training Cell facilitates the entire recruitment process by coordinating with various facilities in the campus. For the students to be placed in the prestigious organizations that come for recruitment. With 93% of the Class of 2022 reaching their desired outcomes and an average starting salary of Rs. 7,80,000.
14 Views
What is the process of admission for MCA at BMS Institute of Technology and Management, Bangalore?
28th Jan, 2023
For MCA, the candidates should qualify anyone of the following examinations: Post Graduate Common Entrance Test, Karnataka (PGCET).
Further, shortlisted candidates have to appear for an interview for the final selection.
Candidates should fill an application form for admission to the college on the official website of BMSIT.
Application forms have to be filled by submitting all required documents and paying the amount of fees.
Admissions will be offered after the verification of documents and payment of fees at the Institute.
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