A Material Management Professional has skills to plan and procure materials and also control inventory for meeting the business objectives. These are the professionals having experience in supply chain and inventory control. In their task, they link with other managers for determining the supply needs as well as for handling purchase supplies and materials according to specifications.
A Material Management Professional also oversees the inventory levels and ensures the availability of material during emergencies. They also have a good relationship with suppliers as well as keep detailed records on procurement activity, materials quantity, specifications etc. Lastly, they also prepare reports on inventory, material usage, and efficiency.
Vskills Certified Material Management Professional
Vskills Material Manager certification prepares candidates according to the company’s need for material and inventory management. The certification will validate the candidate’s skills and knowledge in various areas of purchasing procedures that will cover concepts of store management, RFID, EOQ, codification, ERP, accounting system, foreign exchange regulation, etc.
However, this course is best fit for professionals and graduates having interest in this area and want to get advancement in the same. Material Managers are in great demand as the companies specializing in stores or inventory outsourcing are constantly hiring them. So earning Vskills Material Manager Certification will help candidates to hold a better position in today’s competitive job market by displaying their skills.
Vskills being India’s largest certification providers gives candidates access to top exams as well as provides after exam benefits. This includes:
- Become a Government Certified Profesisonal.
- The Certification is valid for life.
- Candidates will get lifelong e-learning access.
- Access to free Practice Tests.
- Candidates will get tagged as ‘Vskills Certified’ On Monsterindia.com and ‘Vskills Certified’ On Shine Shine.com.
Career in Material Management
A Material Management Professional has the ability to plan and buy goods as well as regulate inventory in order to satisfy the company’s goals. Let us explore Career in Material Management.
Course Outline for Certified Material Management Professional
Certified Material Management Professional covers the following topics –
Overview of Materials Management
- Overview
- Role of Material Management
- Meaning of Quality Assurance Standards Of Material Management
- Corporate Policy of MM/JIT/Kanban
- Organization of Materials Management Functions
Purchasing Procedures
- Purchasing
- Purchasing Systems
- Pricing Objectives
- Selection of Source (Supplier)
- Vendor Management, Legal Aspects E-Procurement Purchase Auction
Stores Management
- Introduction
- Stores Systems and Procedures
- Incoming Materials Control
- Radio Frequency Identification (RFID) Technology
Inventory Control
- Overview
- Economic Order Quantity( EOQ)
- Codification / Cataloguing
- Management Of Automatic Procurement Items
- Abc Analysis/Xyz Analysis
Input Systems of Inventory Management
- Glossary of Materials Management Terms
- Activity-Based Costing
- Acceptance Sampling Plans
- Accounting System
- Advance Payment
- Foreign Exchange Regulation
Importance of Materials Management
Importance of E-Commerce
- E-Procurement
- Components of an E-Procurement System
- E-Procurement Processes
- User Maintenance
- Data Transmission
- Advantages of Implementing E-Commerce
- E-Enabled Way to Buy
- Impact of E-Procurement In Bottom Line
- Choosing an E-Procurement Package
ERP and Its Implementation
- Definition of ERP
- The Importance of ERP
- Globalization and ERP
- Documentation and ERP
- Evolution of ERP
- Selecting the Software
- Cost of ERP Implementation
Other Issues
Preparation Guide for Vskills Certified Material Management Professional
Study resources are essential during the exam preparation time. Having all the resources will help candidates to start preparing for the exam in an accurate manner. Moreover, it will save a lot of time researching for the exam contents and topics. Further, this will provide an advantage to better understand the concepts. However, in the Certified Material Management Professional exam preparation guide, we will discuss some of the most important resources to help you prepare well for the exam.
Exam Objectives
The very first task for candidates should be to get all the content and topics related to the exam. As it provides a huge benefit to candidates during the preparation time. Doing this will help them to understand things more accurately. For the Certified Material Management Professional topics include:
- Overview of Materials Management
- Purchasing Procedures
- Stores Management
- Inventory Control
- Input Systems of Inventory Management
- Importance of Materials Management
- Importance of E-Commerce
- ERP and Its Implementation
Vskills E-Learning
Vskills Certified Material Management Professional helps candidates to prepare for the exam using the online learning material for a lifetime. The online material for this is regularly updated. The E-learning include hard copy material for helping candidates in improving skills and staying up to date with the learning curve for getting better opportunities.
Refer: Certified Material Management Professional Sample Chapter
Books for Reference
Candidates should start taking help from reference books as it can provide an advantage for understanding things more accurately. However, for the Certified Material Management Professional exam, there are various books available which you can find online or in libraries. Some of the books are as follows:
- MATERIALS MANAGEMENT A SUPPLY CHAIN PERSPECTIVE book by A. K. CHITALE and R.C. Gupta
- Purchasing and Materials Management Book by P. Gopalakrishnan
Evaluate yourself with Practice Test
After completing the topics for the Certified Material Management Professional exam, candidates should start assessing using practice tests. By doing so, they will be able to learn about their weak areas and can improve them on time. Moreover, it also gives an advantage to candidates to improve their answering skills to save time during the certification exam. So, get prepared and become certified.
Prepare with Job Interview
Checkout these online job interview questions to prepare for different roles in material management, the sole purpose of these questions is to make you job ready. Try for free Now !!
