Materials Management
Degrees offered: B.A., B.E /B.Tech, Diploma, M.E /M.Tech., M.Phil., M.S, 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
|
38.49 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
|
38.49 K
B.A. in Materials Management at College of Vocational Studies, New Delhi
|
| PG |
5.95 K
P.G.D in Materials Management at All India Institute of Management Studies, Chennai
|
18.00 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
|
89.00 K
Diploma in Materials Management at Indian Institute of Materials Management, Bangalore
|
34.00 K
Diploma in Materials Management at Indian Institute of Materials Management, Pune
|
89.00 K
Diploma in Materials Management at Indian Institute of Materials Management, Bangalore
|
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
Popular Materials Management Colleges in India VIEW ALL
Madhya Pradesh Bhoj Open University, Bhopal
- Fees: ₹ 18000
Frequently Asked Questions (FAQs)
Question: What is the Suryadatta Institute of Management and Information Research, Pune admission procedure?
Answer :
Students must download the prospectus and admission form from the official website of the Institute. Candidates must fill out the admission form with all the required information and necessary documents and pay the application fee.
Question: What are the courses offered by the Suryadatta Institute of Management and Information Research, Pune?
Answer :
The Institute offers PG Diploma courses in five specialisations like Import and Export Management, Financial Services, Material and Logistics Management.
Question: Suryadatta Institute of Management and Information Research, Pune is affiliated with which University?
Answer :
Suryadatta Institute of Management and Information Research, Pune is affiliated with Savitribai Phule Pune University, Pune.
Question: What are the facilities offered by Suryadatta Institute of Management and Information Research, Pune?
Answer :
The Institute offers various facilities like a gym, a library, a large campus, laboratories, and hostel facilities. The Institute also provides amenities like transportation facilities and a well-developed IT infrastructure.
Question: How much does Datta Meghe Institute of Management cost?
Answer :
The MBA programme at Datta Meghe Institute of Higher Education and Research or DMIHER Wardha costs around Rs 1.68 lakhs.
Question: How much does Datta Meghe Institute of Management cost?
Answer :
The MBA programme at Datta Meghe Institute of Higher Education and Research or DMIHER Wardha costs around Rs 1.68 lakhs.
Question: Is there an internship programme at the Institute of Engineering and Management?
Answer :
IEM Kolkata offers student internship programmes. The primary goal of establishing opportunities for students through internships is to improve their practical knowledge. Internships can be completed at businesses where actual business technology is learned in a hands-on manner to make students employable in both the private and public sectors.
Question: How are the job opportunities at the Institute of Engineering and Management?
Answer :
The placement quality at IEM Kolkata is high. The IEM Kolkata placement cell assists students until everyone receives at least one offer. The average CTC is around 8 LPA, with Amazon making the highest offer last year. Every year, companies like Oracle, Amazon, TCs, and Accenture pay a visit. Every year, more than 90% of students are hired. If a student is seeking a college with high placement offers, this is a suitable option.
Question: Is Institute of Engineering and Management affiliated?
Answer :
IEM Kolkata is affiliated with the Maulana Abul Kalam Azad University of Technology (previously known as West Bengal University of Technology). The institute received an A grade from NAAC with a score of 3.25. Every year, IEM students excel in the MAKAUT semester exams, and a few are named university toppers. All relevant departments (CSE, IT, and ECE) are NBA recognised and ranked 101st in India by NIRF (2019). Approximately all engineering and management students are placed. Many of them get many employment offers.
Question: Is there an internship programme at the Institute of Engineering and Management?
Answer :
IEM Kolkata offers student internship programmes. The primary goal of establishing opportunities for students through internships is to improve their practical knowledge. Internships can be completed at businesses where actual business technology is learned in a hands-on manner to make students employable in both the private and public sectors.
Question: What courses does the Institute of Engineering and Management offer?
Answer :
IEM Kolkata offers undergraduate and postgraduate programmes. Full-time courses are available at the Institute of Engineering and Management in Kolkata. The institute provides courses in engineering, business, management, computer science, and science. IEM Kolkata offers B.Tech., B.B.A., B.C.A., M.Tech., M.Sc., M.C.A., and M.B.A. courses. In addition, B.Tech. and M.Tech. programmes are available in a variety of specialisations.
Question: What is the total faculty strength of KCC Institute of Technology and Management?
Answer :
There are a total of 31 faculty in KCC Institutes of Technology and Management.
Question: Is KCC Institute of Technology and Management approved by AICTE?
Answer :
Yes, KCC ITM is approved by AICTE.
Question: What is the campus size of the KCC Institute of Technology and Management?
Answer :
KCC ITM campus is spread across 40 acres.
Question: How many departments are there in the KCC Institute of Technology and Management?
Answer :
There are a total of 12 departments in KCC ITM such as Computer Science & Engineering, Electronic & Communication Engineering, Mechanical Engineering, Civil Engineering, Electrical Engineering, Information Technology, BBA, BCA, BA (JMC), B.Com (Hons.), BA LLB, and BBA LLB.
Question: Is KCC Institute of Technology and Management part of KCC Institutes?
Answer :
Yes, KCC ITM is a part of KCC institutes.
Question: What is the total faculty strength of KCC Institute of Technology and Management?
Answer :
There are a total of 31 faculty in KCC Institutes of Technology and Management.
Question: Are there any scholarships offered by the KCC Institute of Technology and Management?
Answer :
Yes, scholarships are provided on the basis of class 12 scores, sports, and defence
Question: What is the campus size of the KCC Institute of Technology and Management?
Answer :
KCC ITM campus is spread across 40 acres.
Question: Is KCC Institute of Technology and Management part of KCC Institutes?
Answer :
Yes, KCC ITM is a part of KCC institutes.
Question: What is the total faculty strength of KCC Institute of Technology and Management?
Answer :
There are a total of 31 faculty in KCC Institutes of Technology and Management.
Question: Are there any scholarships offered by the KCC Institute of Technology and Management?
Answer :
Yes, scholarships are provided on the basis of class 12 scores, sports, and defence
Question: Is KCC Institute of Technology and Management approved by AICTE?
Answer :
Yes, KCC ITM is approved by AICTE.
Question: What all courses are offered by the KCC Institute of Technology and Management?
Answer :
The courses offered by KCC Institute of Technology and Management are such as B.Tech, BBA, BCA, BA (JMC), B.Com (Hons.), BA LLB (H), BBA LLB (H), M.Tech, and MBA.
Question: What is the campus size of the KCC Institute of Technology and Management?
Answer :
KCC ITM campus is spread across 40 acres.
Question: How many departments are there in the KCC Institute of Technology and Management?
Answer :
There are a total of 12 departments in KCC ITM such as Computer Science & Engineering, Electronic & Communication Engineering, Mechanical Engineering, Civil Engineering, Electrical Engineering, Information Technology, BBA, BCA, BA (JMC), B.Com (Hons.), BA LLB, and BBA LLB.
Question: Which university is KCC Institute of Technology and Management affiliated to?
Answer :
KCC Institutes of Technology and Management is affiliated with Dr. Abdul Kalam Technical University (AKTU).
Question: Is KCC Institute of Technology and Management part of KCC Institutes?
Answer :
Yes, KCC ITM is a part of KCC institutes.
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 6157 out of 6157 Questions
15 Views
Management quota fees of btech ai ml
21st Jul, 2024
Hello Aspirant, Hope your doing, As per your query, fee for btech AI ML in management quota is approximate 5,00,000 and it was based upon colleges.
Answer later 9 Views
Is there any fee difference for merit seat and management seat
20th Jul, 2024
Hello aspirant,
The majority of pupils who achieve exceptional academic results are granted admission to reputable universities based only on merit. However, some individuals who, for whatever reason, did not receive excellent grades end up in a mediocre college. As a result, many universities provide such students the chance to enrol in classes based on management quota rather than merit. To get admitted, those students must give an additional sum of money as a donation to the college or university.
Thank you
Hope this information helps you.
11 Views
I had complete my Hotel Management course ... Is i am eligible for CA??
17th Jul, 2024
Hi Parth,
Yes, completing a Hotel Management course does not disqualify you from pursuing a Chartered Accountancy (CA) qualification. However, to pursue CA in India, you need to fulfill specific eligibility criteria set by the Institute of Chartered Accountants of India (ICAI). Here are the general eligibility requirements:
-
Educational Qualification : You must have completed a bachelor's degree from a recognized university or institution. This can be in any discipline, including Hotel Management.
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Minimum Marks : Typically, you need to have secured a minimum of 55% marks in the qualifying examination. However, there are relaxations for certain categories of students.
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Age Limit : There is no specific age limit to register for the CA Foundation course, which is the entry-level for CA.
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Course Structure : The CA qualification involves three stages: CA Foundation, CA Intermediate, and CA Final. You will need to clear each stage sequentially.
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Other Requirements : Besides the educational qualifications, you'll need to complete articleship (practical training) under a practicing CA and pass a series of examinations conducted by ICAI.
Since you have completed a Hotel Management course, you would fulfill the educational qualification requirement for CA. However, ensure that you meet all other eligibility criteria and understand the structure of the CA course before proceeding with your application.
Hope it helps!
11 Views
Sir Ive got 16589 rank can I get seat in jntu or can I get admission in managementThank you sir !
17th Jul, 2024
I assume that your rank comes in ecet exam as it is compulsory to get admission in jntu candidates needs to secure rank below 100 to get into JNTU main branch kukatpally. Even if you get a rank below 400 then you have a chance to get in jntu sultanpur campus and considering all reservation and other campuses rank under 1000 is required as previous year trends.
Go for other options management has good career scope you can take admission in this dont waste your time for single university.
6 Views
veterinary course have a management seat in government college in karnataka
16th Jul, 2024
Yes, there are management quota seats available in veterinary colleges in Karnataka . However, it's essential to clarify that these are not government-managed seats.
The majority of veterinary colleges in Karnataka are government-run and offer admissions primarily based on merit through entrance exams like NEET. However, a small percentage of seats are reserved for management quota. These seats are typically filled by candidates who are unable to secure a seat through the merit-based process.
It's important to note that the fees for management quota seats are significantly higher than those for government quota seats.
