As the name suggests, Material Management is the study of management in order to facilitate the materials, planning and building designs for flow of materials within or outside the organization. It includes Supply Chain and Quality Control as one of its prime operation features for a better efficiency.
Importance in Business World
Requirements in a company
Being a unique propaganda, different companies use different techniques to manage materials as for example many companies now-a-days are using SAP and ERP systems to manage the control of materials. ERP being costlier many companies use man-operated spreadsheets for the same.
If we look for Materials Management in regards to career prospects then it’s quite an interesting field in both private as well as public sector in the departments of purchasing, sales, supplying and storing in sectors like Railways, Pubic transport , Supply chain industries etc with following posts :
Pursuing a career in Materials Management:
As population of our nation is rapidly multiplying and with this the resources are getting scarce. So, this coupled effect in today’s global world has made the subject of Materials Management very important. There are ample job opportunities in this field of management now. Very attractive packages are offered to the deserving candidates in this field with exciting bonus and incentive plans.
Materials Management is a specific Management programme offered in many Management institutes in our nation. The minimum eligibility criteria to take admission in it is Graduation in any stream.Engineers are preferred due to it’s technical aspect t a later stage.
COLLEGES WITH MATERIALS MANAGEMENT:
The courses offered at IIMM are PGDMM and MBMM both distance learning with a total fee structure of around 45000/- (Inclusive of all). Others colleges come with a moderate fee structures.Placements come with companies in the field of logistics and supply chain.
Career in Materials Management is a very nice option with great acquisition of knowledge and money making in the field with gaining experiences.
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