Material management is an approach for planning, organizing, and controlling all those activities principally concerned with the flow of materials into an organisation. Materials managers are the powerhouse of a company. For a big company, they may be purchasing materials worth crores of rupees. That in itself leads to status enhancement in the market. The scope of Materials Management varies greatly from company to company and may include material planning and control, production planning, Purchasing, inventory control, in-plant materials movement, and waste management. It is a business function for planning, purchasing, moving, storing material in a optimum way which help organisation to minimise the various costs like inventory, purchasing, material handling and distribution costs. The fundamental objectives of the Materials Management function are acquisition of materials and services of the right quality, in the right quantity, at the right time, from the right source, at the right price.
UG (3 Years)
To take admission into a bachelor’s degree, the candidate must have passed Intermediate 10+2 examination.
PG (2 Years) /MBA
An MBA is 2 years full-time or part-time or through distance education programme. It is offered by the various institutions in and out of the country.
Material Managers have limitless career options in public as well as private sectors. They can be employed in purchasing, storing and supplying departments of defense, railways, public transport etc. They also can find lucrative employment opportunities in industrial establishments, corporate houses, supply chain industries and private transporters. It is a highly remunerative career option. Material managers have lucrative pay packages in government departments. However in private sector they get very high salary along with other fringe benefits.
TOP COLLEGES FOR MATERIAL MANAGEMENT