Certificate in Material and Purchasing Management

Description

Course Name: Certificate in Material and Purchasing Management

Course Id: CMPM/Q1001.

Eligibility: 10+2 or equivalent.

Objective: The Certificate in Material and Purchasing Management provides students with the knowledge and skills necessary to manage the procurement, storage, and distribution of materials in a variety of industries. The program focuses on optimizing supply chain operations, controlling inventory, and implementing cost-effective strategies while incorporating modern technologies to improve efficiency.

Duration: 180 Hrs (Equivalent to 6 months).

How You will Get Diploma Certificate:

Step 1- Select your Course for Certification.

Step 2- Click on Enroll Now.

Step 3- Proceed to Enroll Now.

Step 4- Fill Your Billing Details and Proceed to Pay.

Step 5- You Will be Redirected to Payment Gateway, Pay Course and Exam Fee by Following Options.

Card(Debit/Credit), Wallet, Paytm, Net banking, UPI and Google pay.

Step 6- After Payment You will receive Study Material and Online Examination link on your email id.

Step 7- After Completion of  Course Study give Online Examination.

Step 8- After Online Examination you will get Diploma Certificate soft copy(Scan Copy) and Hard Copy(Original With Seal and Sign).

Step 9- After Certification you will receive Prospect Job Opportunities as per your Interest Area.

Online Examination Detail:

Duration- 60 minutes.
No. of Questions- 30. (Multiple Choice Questions).
Maximum Marks- 100, Passing Marks- 40%.
There is no negative marking in this module.

Marking System:
S.No.	No. of Questions			Marks Each Question		Total Marks
1	10			5		50
2	5			4		20
3	5			3		15
4	5			2		10
5	5			1		5
	30					100
How Students will be Graded:
S.No.		Marks	Grade
1		91-100	O (Outstanding)
2		81-90	A+ (Excellent)
3		71-80	A (Very Good)
4		61-70	B (Good)
5		51-60	C (Average)
6		40-50	P (Pass)
7		0-40	F (Fail)

Benefits of Certification:

• Government Authorized Assessment Agency Certification.
• Certificate Valid for Lifetime.
• Lifetime Verification of Certificate.
• Free Job Assistance as per your Interest Area.

Syllabus

Evaluation of Materials Management- An Evaluation of Value Analysis, Value Analysis Process, Meaning of Purchasing Research, Price Forecasting, Techniques of Price Forecasting, Forward Buying, Make or Buy Decision, Summary, Keywords, Review Questions, Further Readings.

Codification and Standardization- Introduction, Classification of Materials, Codification, Standardization and Variety Reduction, Self-assessment Exercises, On the Basis of Nature of Materials, Raw Materials, Machinery and Equipment, Consumable Items, Chemicals, Inflammable Items, Packaging Materials, On the Basis of Usability of Materials.

Purchasing Management- Production Planning System, Introduction, Manufacturing Planning and Control System, The Strategic Business Plan, The Production Plan, The Master Production Schedule, The Material Requirements Plan, Purchasing and Production Activity Control, Capacity Management, Sales and Operations Planning.

Managerial Economics- Introduction to Economics, Definition, Microeconomics, Nature of managerial Economics, Scope of Managerial Economics, Operational issues, Demand Analyses and Forecasting, Pricing and competitive strategy, Production and cost analysis, Capital or investment analyses, Environmental or External Issues.

Project Management- Introduction, Project Definition, Project Characteristics, Project Performance Dimensions, Project Life Cycle, Conceptualization Phase, Planning Phase, Termination Phase, Life Cycle path, Project Classification, Project management, Benefits of Project Management Approach, Project Identification and Formulation.

Selection of Suppliers- Introduction, Selection of criteria in research, Quantification of criteria for supplier selection, Systems at Major Manufacturers, BHEL- Bharat Heavy Electricals Limited, Supplier Performance Rating, Supplier Qualification Status, Under Development, Qualified, Supplier Scorecard, ALCOA HOWMET, and The Company has the following Performance Categories for suppliers.

Job Opportunities after completion of Certificate in Material and Purchasing Management course:

After successfully completing the Certificate in Material and Purchasing Management program, graduates are well-equipped to pursue a variety of career opportunities in the fields of supply chain management, logistics, procurement, inventory management, and production planning. Material management focuses on the efficient planning, organizing, and controlling of materials required for manufacturing and production processes. Graduates of this program play a key role in ensuring that the right materials are available at the right time, in the right quantity, and at the best price.

Here’s an overview of career options available to graduates of the Certificate in Material and Purchasing Management program, along with salary ranges in India.

Career Options for Graduates:

1. Material Manager / Material Coordinator

• Role: Material Managers are responsible for overseeing the procurement and management of materials, ensuring that they are available for production processes without overstocking. They play a crucial role in optimizing material costs and inventory levels.
• Salary Range:
  • Entry-level: ₹4,00,000 – ₹6,00,000 per annum
  • Mid-level: ₹6,00,000 – ₹10,00,000 per annum
  • Senior-level: ₹10,00,000 – ₹15,00,000+ per annum

2. Procurement Manager / Purchasing Manager

• Role: Procurement Managers are responsible for sourcing, negotiating, and purchasing the materials and services needed by a company. They manage vendor relationships, negotiate contracts, and ensure that the company gets the best value for its purchases.
• Salary Range:
  • Entry-level: ₹5,00,000 – ₹7,00,000 per annum
  • Mid-level: ₹7,00,000 – ₹12,00,000 per annum
  • Senior-level: ₹12,00,000 – ₹18,00,000+ per annum

3. Supply Chain Manager

• Role: Supply Chain Managers oversee the end-to-end process of sourcing, production, and distribution of goods. They manage inventory levels, coordinate with suppliers and vendors, and ensure the efficient flow of materials to meet production requirements.
• Salary Range:
  • Entry-level: ₹6,00,000 – ₹8,00,000 per annum
  • Mid-level: ₹8,00,000 – ₹14,00,000 per annum
  • Senior-level: ₹14,00,000 – ₹20,00,000+ per annum

4. Inventory Manager

• Role: Inventory Managers oversee inventory control systems, manage stock levels, and ensure that inventory is properly tracked and stored. They are responsible for avoiding stockouts or overstocking, which could lead to production delays or excess costs.
• Salary Range:
  • Entry-level: ₹4,00,000 – ₹6,00,000 per annum
  • Mid-level: ₹6,00,000 – ₹10,00,000 per annum
  • Senior-level: ₹10,00,000 – ₹15,00,000+ per annum

5. Logistics Manager

• Role: Logistics Managers are responsible for the movement, storage, and distribution of materials. They coordinate between suppliers, warehouses, and customers to ensure smooth and timely delivery of goods.
• Salary Range:
  • Entry-level: ₹5,00,000 – ₹7,00,000 per annum
  • Mid-level: ₹7,00,000 – ₹12,00,000 per annum
  • Senior-level: ₹12,00,000 – ₹18,00,000+ per annum

6. Production Planner

• Role: Production Planners develop plans and schedules for the production process, ensuring that the necessary materials are available at the right time to meet production goals. They work closely with procurement and inventory teams to align material needs with production requirements.
• Salary Range:
  • Entry-level: ₹4,00,000 – ₹6,00,000 per annum
  • Mid-level: ₹6,00,000 – ₹9,00,000 per annum
  • Senior-level: ₹9,00,000 – ₹14,00,000+ per annum

7. Warehouse Manager

• Role: Warehouse Managers are responsible for overseeing warehouse operations, including receiving, storing, and dispatching materials. They ensure that materials are organized and easily accessible while maintaining safety standards.
• Salary Range:
  • Entry-level: ₹4,00,000 – ₹6,00,000 per annum
  • Mid-level: ₹6,00,000 – ₹9,00,000 per annum
  • Senior-level: ₹9,00,000 – ₹12,00,000+ per annum

8. Demand Planner

• Role: Demand Planners forecast the demand for materials and products based on historical data, market trends, and sales forecasts. Their role is critical in ensuring that sufficient materials are available without creating excess inventory.
• Salary Range:
  • Entry-level: ₹4,00,000 – ₹6,00,000 per annum
  • Mid-level: ₹6,00,000 – ₹10,00,000 per annum
  • Senior-level: ₹10,00,000 – ₹15,00,000+ per annum

9. Strategic Sourcing Manager

• Role: Strategic Sourcing Managers identify and evaluate suppliers to ensure that the company has access to the best materials at the best prices. They also analyze trends in supply and demand, cost structure, and performance to make strategic decisions on sourcing.
• Salary Range:
  • Entry-level: ₹5,00,000 – ₹7,00,000 per annum
  • Mid-level: ₹7,00,000 – ₹12,00,000 per annum
  • Senior-level: ₹12,00,000 – ₹18,00,000+ per annum

10. Materials Planner

• Role: Materials Planners ensure that the materials required for manufacturing are ordered and available when needed. They forecast material requirements, place orders, and track material deliveries to maintain an efficient supply chain.
• Salary Range:
  • Entry-level: ₹4,00,000 – ₹6,00,000 per annum
  • Mid-level: ₹6,00,000 – ₹9,00,000 per annum
  • Senior-level: ₹9,00,000 – ₹14,00,000+ per annum

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Sectors Hiring Graduates:

• Manufacturing and Production: Companies in industries like automotive, electronics, and consumer goods require material management professionals to ensure timely procurement, storage, and distribution of materials.
• Retail and E-commerce: Retailers and e-commerce giants need skilled professionals to manage inventory, optimize procurement processes, and ensure smooth supply chains for timely delivery of goods to customers.
• Logistics and Transportation: Logistics companies, including third-party logistics (3PL) providers, rely on material management experts to streamline their warehousing, inventory control, and transportation operations.
• Construction and Engineering: Construction companies need material managers to ensure that the necessary materials (e.g., cement, steel, equipment) are available for projects while minimizing costs.
• Pharmaceuticals and Healthcare: Pharmaceutical and healthcare companies need material managers to ensure that medical supplies, medicines, and equipment are procured, stored, and distributed efficiently.
• Government and Public Sector: Government bodies and public sector undertakings (PSUs) often hire material managers for the management of public projects, public procurement, and resource distribution.
• Consultancies and Supply Chain Management Firms: Consulting firms and supply chain management companies offer services to businesses looking to improve their material handling and procurement strategies.

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Salary Growth Factors:

• Experience: As with many other fields, salary increases with experience. Senior roles such as Procurement Head or Supply Chain Director come with higher salaries and benefits.
• Industry: Professionals working in industries like manufacturing, automotive, or pharmaceuticals typically earn higher salaries compared to those in non-profit sectors.
• Location: Salaries may vary depending on the location of the company. Metropolitan cities like Mumbai, Delhi, Bangalore, and Chennai often offer higher salary packages due to a higher cost of living.
• Skills and Certifications: Additional certifications such as Certified Supply Chain Professional (CSCP), Six Sigma, or APICS certification can further enhance earning potential and career growth.

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Career Growth Potential:

Graduates with a Certificate in Material and Purchasing Management have ample opportunities for advancement. Some of the senior-level positions they can target as they progress in their careers include:

• Head of Supply Chain
• Chief Procurement Officer (CPO)
• Director of Logistics
• Global Sourcing Manager
• Vice President of Operations

Material management professionals have the potential to move into cross-functional roles such as operations management, project management, and even executive leadership positions, depending on their skill set and experience.

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With the increasing complexity of global supply chains, the demand for skilled professionals in material management is expected to grow, providing graduates of this program with excellent career opportunities, job stability, and the potential for high earnings in India and internationally.