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Mohit Dhulia
The Postgraduate Diploma in Material Management is a two- to the three-year postgraduate program that can be completed full-time or by distance education. It allows qualified applicants to specialize in a broad variety of management abilities while also developing proficiency in a specific business field. The full-time course lasts three years, whereas the online course lasts three years.
To be considered for the course, an applicant must have earned a bachelor’s degree or a diploma in a relevant discipline from a recognized academic institution. The students are required to pass one of the entrance examinations such as CMAT, XAT, or others in order to be considered for a postgraduate diploma in material management. Fundamentals of industrial and organizational psychology, packing and dispersion management, total quality management (TQM), mathematical approaches for management, being involved in business, communication processes, strategic management, and human resource management are some of the significant topics covered in a postgraduate diploma in material management curriculum.
The following are the minimal requirements for students wishing to pursue a post-graduate diploma in material management:
Besides these, eligibility requirements may differ from one institution to the next, and students must satisfy the above requirements in order to be admitted to the institution. The Admissions Procedure
The admission method for a postgraduate diploma in material management differs from the institution, with a few offering direct admission based on graduation marks and others requiring students to undertake whichever the common entrance examinations or the university/own college’s entrance test, accompanied by mentoring and individual interviews.
NOTE:- Candidates who are accepted should carry all original documentation to the College Complex with them. Applicants who fail to submit all original documents when requested could be denied entrance or instructed to depart the university.
| Course Level | Post-graduation Diploma |
| Course name | Post-graduation diploma in material management |
| Duration | 2-3 year |
| Examination type | Semester wise |
| Eligibility | successful completion of graduation degree or diploma from a recognized university with a minimum of 60% score |
| Admission Process | Entrance exam followed by counseling and a personal round of interviews |
| Course Fee | INR 25,000 – INR 90,000 |
| Average Salary | INR 5,00,000 – INR 7,00,000 |
| Top Recruiting Companies | Hindustan Unilever, Pepsico, ITC, Marico, TATA group, Reliance, Future group, coca-cola, Samsung, whirlpool, Idea, IBM, P&G |
| Job Positions | Supply Chain Manager, Warehouse manager, purchase manager, strategic planner, material analyst, material manager, commodity manager, sourcing manager. |
| Top recruiting sectors | Fast Moving Consumer Good (FMCG), Manufacturing, Export and Import, Retail |
The postgraduate diploma in material management is a management degree that focuses on instilling an understanding of material management, which is a managerial function that works with managing inventory, profitability analysis, storekeeping, and inventory control in the process. Material management’s objective is to help ensure a seamless supply of resources from the time of purchase and manufacturing, through the planning and scheduling of steps in the right direction at the storage facility, shipment, and eventual transformation into a finished product and delivery.
The program gives aspirants comprehensive conceptual and practical access to various subjects as well as a pool of highly specialized disciplines such as stock management, inventory control, demand and supplier management, and delivery management from which they can select their field of specialization.
Based on the student’s preference and needs, the program can be completed full-time or via distance. Whereas the full-time program lasts two years, the postgraduate diploma in material management is a three-year distance program. The post-graduate diploma in material management costs anything from INR 25,000 to INR 90,000. The program is advantageous for everyone who wants to advance in the area of supply chain management because of the growing market.v
Further, because of the reasons listed, the postgraduate diploma in Material Management is now one of the most desirable curricula:
The programme post-graduate diploma in material management has a different curriculum from one institution to the next.
| Semester 1 | Semester 2 |
|---|---|
| Nature of management | Foundation of Economics |
| Planning and Decision Making | Market and Pricing |
| Organizing | Sectoral Economics, Banking, and Finance |
| Controlling | Role of Government and Government policies |
| Motivation | Economic Indicators and Measurement |
| Working in Groups | Business and its Environment |
| Leadership | Concept of supply and demand |
| Effective Communication | Overview of financial management |
| Developing Excellence | Understanding Financial statements and cash flow |
| Manpower planning and development | Valuation of future cash flow |
| Human Resource Development concepts | Valuing stocks and bonds |
| Human Resource Management | Capital budgeting |
| Employee relations and trade unions | Long term and short term financial management |
| Industrial Laws and Legislative Framework | – |
| Semester 3 | Semester 4 |
| Foundation of organizational behavior | Introduction to Business Environment |
| Individual behavior | Economic Liberalisation |
| Learning | Privatization |
| Values, Attitudes and job satisfaction | Globalization |
| Emotions and perception | Industrial Policy |
| Work motivation | Public Sector |
| Group behavior and teamwork | Financial Environment |
| Leadership | Balance of Payment |
| Transactional Analysis | Foreign Direct Investment in India |
| Conflict management | International Bank for Reconstruction and Development world bank |
| Power and politics | World Trade Organisation |
| Organizational structure | The International Monetary Fund (IMF) |
| Organizational change | Factors of global competitiveness |
| Stress management | – |
| Name of Institute | Average Fees |
|---|---|
| MIT School of Distance Education | INR 27,000 |
| MIT School of Distance Education | INR 35,000 |
| Indian Institute of Materials Management | INR 47,150 |
| Indian Institute of Materials Management | INR 45,000 |
| Indian Institute of Materials Management | INR 43,550 |
| Indian Institute of Materials Management | INR 45,000 |
| MIT School of Distance Education | INR 27,000 |
Following the successful completion of the post-graduate diploma in Material Management, applicants have a wide range of job opportunities. Both the corporate and government sectors provide excellent salaries and bonuses.
Individuals may work in any of the below faculties:
Together with job opportunities, individuals will have the ability to work in a variety of sectors, including
Leading employers who are continuously looking for persons with a postgraduate diploma in Material Management.
The following are a few of the salary ranges for various job profile:
| Name of Job Profile | Description of what roles does the particular person has to ply | The average salary in INR |
|---|---|---|
| Supply Chain manager | From the purchase of the company’s raw resources to its completion stage, supervises and regulates each phase of the production cycle for efficient functioning. They are in charge of logistics and inventory management. | 3,45,000 – 5,00,000 |
| Warehouse manager | Observed and oversees all warehouse activity. They process orders, supervise team performance, receive and ship items, provide efficient and effective warehouse storage, and ensure that all stock is safe and compliant with standards. | 4,80,000 – 5,20,000 |
| Purchase Manager | The buy manager’s responsibilities include developing and implementing daily purchasing plans, supervising workers, and allocating tasks. They also ensure that the vendor information is maintained and that relationships with them are maintained. | 7,00,000 – 8,00,000 |
| Strategic Planner | Start developing marketing strategies by examining previous corporate strategies in response to current plans. Their job also includes collecting and processing data on clients in order to make an informed decision for the client. | 9,00,000 – 10,00,000 |
| Material Analyst | Maintain an inventory every now and again to ensure that the organization’s inventory is current. They also ensure that the flowchart runs well by having the needed components. | 3,60,000 – 4,80,000 |
| material manager | The materials manager’s task is to keep track of every detail that occurs during the procurement management process. They ensure that all actions are conducted out in accordance with the standards set by the clients. | 9,00,000 – 10,00,000 |
| Commodity Manager | Needs to take care of the specific product of the stock, which is part of the larger supply chain operation of the organization. | 6,30,000 – 7,00,000 |
| Sourcing Manager | Evaluate and estimate inventory costs in order to recommend the best solutions for lowering the total cost. | 8,30,000- 9,40,000 |
Material management is a crucial aspect that deals with managing inventory, supplier evaluation, storekeeping, and the management of on-hand and in-process inventories.
Each program does have its own set of advantages and disadvantages. Candidates can choose between an MBA and a Postgraduate Diploma in Material Management, based on needs. Whereas an MBA is more conceptual, a postgraduate diploma in material management is more relevant and applicable in terms of the job economy.
The cost of a postgraduate diploma in material management depends greatly on the institution you attend. The program costs anywhere from INR 25,000 to INR 90,000.
The postgraduate diploma in Material Management is a two- to three-year postgraduate curriculum in which aspirants are learned topics such as management concepts and organizational theory, loading and delivery management, total quality management (TQM), quantitative approaches for management, involved in the business, corporate communication, strategic management, and human resource management in order to provide them with a comprehensive understanding of how business is done.
The applicant must complete the qualifying examination to register for the postgraduate diploma in material management. Other common entrance exams include XAT, CMAT, and others, although some prestigious colleges have their own entrance examinations.
Aspirants could either advance in their current jobs or change careers and become Supply Chain Manager, Warehouse Manager, Purchase Manager, Strategic Planner, Material Analyst, Material Manager, Commodity Manager, or Procurement Managers after finishing the program, depending on their area of specialization and involvement.
Whereas the MBA is a two-year full-time program, the postgraduate diploma is a two- to three-year program that can be completed full-time or part-time depending on the students’ needs and desires.
Depending on the work type and expertise of the individual, the starting salary varies from INR 4,00,000 to INR 10,00,000.
Students with a postgraduate diploma in material management are in great demand in industries such as manufacturing, fast moving consumer goods (FMCG), exports and imports, and others with large stock handling.
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