Certified Material Management
Professional
VS-1206
Certified Material Management Professional
www.vskills.in
CCCCertifiedertifiedertifiedertified Material ManageMaterial Man...
Certified Material Management Professional
www.vskills.in
Table of ContentTable of ContentTable of ContentTable of Content...
Certified Material Management Professional
www.vskills.in
7.2 Components of an E-Procurement System
7.3 E-Procurement Proc...
Certified Material Management Professional
www.vskills.in
Sample QuestionsSample QuestionsSample QuestionsSample Questions...
Certified Material Management Professional
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Certified Material Management Professional

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Vskills certification for Material Manager assesses the candidate as per the company’s need for material and inventory management. The certification tests the candidates on various areas in purchasing procedures, stores management, RFID, EOQ, codification, ERP, accounting system, foreign exchange regulation, e-commerce and electronic applications.

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Certified Material Management Professional

  1. 1. Certified Material Management Professional VS-1206
  2. 2. Certified Material Management Professional www.vskills.in CCCCertifiedertifiedertifiedertified Material ManageMaterial ManageMaterial ManageMaterial Management Professionalment Professionalment Professionalment Professional Certification CodeCertification CodeCertification CodeCertification Code VS-1206 Vskills certification for Material Management Professional assesses the candidate as per the company’s need for material and inventory management. The certification tests the candidates on various areas in purchasing procedures, stores management, RFID, EOQ, codification, ERP, accounting system, foreign exchange regulation, e-commerce and electronic applications. Why should one take this certification?Why should one take this certification?Why should one take this certification?Why should one take this certification? This Course is intended for professionals and graduates wanting to excel in their chosen areas. It is also well suited for those who are already working and would like to take certification for further career progression. Earning Vskills Material Management Professional Certification can help candidate differentiate in today's competitive job market, broaden their employment opportunities by displaying their advanced skills, and result in higher earning potential. Who will benefit from taking this certificatiWho will benefit from taking this certificatiWho will benefit from taking this certificatiWho will benefit from taking this certification?on?on?on? Job seekers looking to find employment in material, stores and inventory departments of various companies, students generally wanting to improve their skill set and make their CV stronger and existing employees looking for a better role can prove their employers the value of their skills through this certification. Test DetailsTest DetailsTest DetailsTest Details • Duration:Duration:Duration:Duration: 60 minutes • No. of questions:No. of questions:No. of questions:No. of questions: 50 • Maximum marks:Maximum marks:Maximum marks:Maximum marks: 50, Passing marks: 25 (50%) There is no negative marking in this module. Fee StructureFee StructureFee StructureFee Structure Rs. 3,500/- (Includes all taxes) Companies that hire VskillsCompanies that hire VskillsCompanies that hire VskillsCompanies that hire Vskills Material Management ProfessionalMaterial Management ProfessionalMaterial Management ProfessionalMaterial Management Professional Material Management Professionals are in great demand. Companies specializing in stores or inventory outsourcing are constantly hiring skilled Material Management Professionals. Various public and private companies also need Material Management Professionals for their material, stores and inventory departments.
  3. 3. Certified Material Management Professional www.vskills.in Table of ContentTable of ContentTable of ContentTable of Contentssss 1.1.1.1. Overview of Materials ManagementOverview of Materials ManagementOverview of Materials ManagementOverview of Materials Management 1.1 Overview 1.2 Role of Material Management 1.3 Meaning of Quality Assurance Standards Of Material Management 1.4 Corporate Policy of MM/JIT/Kanban 1.5 Organization of Materials Management Functions 2.2.2.2. Purchasing ProceduresPurchasing ProceduresPurchasing ProceduresPurchasing Procedures 2.1 Purchasing 2.2 Purchasing Systems 2.3 Pricing Objectives 2.4 Selection of Source (Supplier) 2.5 Vendor Management, Legal Aspects E-Procurement Purchase Auction 3.3.3.3. Stores ManagementStores ManagementStores ManagementStores Management 3.1 Introduction 3.2 Stores Systems and Procedures 3.3 Incoming Materials Control 3.4 Radio Frequency Identification (RFID) Technology 4.4.4.4. Inventory ControlInventory ControlInventory ControlInventory Control 4.1 Overview 4.2 Economic Order Quantity( EOQ) 4.3 Codification / Cataloguing 4.4 Management Of Automatic Procurement Items 4.5 ABC Analysis/XYZ Analysis 5.5.5.5. Input SystemsInput SystemsInput SystemsInput Systems ooooffff Inventory ManagementInventory ManagementInventory ManagementInventory Management 5.1 Glossary of Materials Management Terms 5.2 Activity-Based Costing 5.3 Acceptance Sampling Plans 5.4 Accounting System 5.5 Advance Payment 5.6 Foreign Exchange Regulation 6.6.6.6. ImportanceImportanceImportanceImportance ooooffff MaterMaterMaterMaterials Managementials Managementials Managementials Management 6.1 Knowledge Management Introduction 6.2 Import and Export Documentation 6.3 Excise Documentation 7.7.7.7. ImportanceImportanceImportanceImportance oooof Ef Ef Ef E----CommerceCommerceCommerceCommerce 7.1 E-Procurement
  4. 4. Certified Material Management Professional www.vskills.in 7.2 Components of an E-Procurement System 7.3 E-Procurement Processes 7.4 User Maintenance 7.5 Data Transmission 7.6 Advantages of Implementing E-Commerce 7.7 E-Enabled Way to Buy 7.8 Impact of E-Procurement In Bottom Line 7.9 Choosing an E-Procurement Package 8.8.8.8. ERPERPERPERP aaaandndndnd Its ImplementationIts ImplementationIts ImplementationIts Implementation 8.1 Definition of ERP 8.2 The Importance of ERP 8.3 Globalization and ERP 8.4 Documentation and ERP 8.5 Evolution of ERP 8.6 Selecting the Software 8.7 Cost of ERP Implementation 9.9.9.9. Other IssuesOther IssuesOther IssuesOther Issues 9.1 Organizational Structure 9.2 Communication Skills 9.3 Raw Materials Purchase 9.4 Recruiting and Training
  5. 5. Certified Material Management Professional www.vskills.in Sample QuestionsSample QuestionsSample QuestionsSample Questions 1.1.1.1. A SA SA SA System that keeps track of each withdrawal or addition toystem that keeps track of each withdrawal or addition toystem that keeps track of each withdrawal or addition toystem that keeps track of each withdrawal or addition to inventoryinventoryinventoryinventory continuously iscontinuously iscontinuously iscontinuously is.... A. A perpetual inventory system. B. A fixed quantity system. C. A continuous inventory system. D. A fixed period system. 2222.... Which of the following is NOT a type of inventory?Which of the following is NOT a type of inventory?Which of the following is NOT a type of inventory?Which of the following is NOT a type of inventory? A. Finished goods B. MRP C. Raw material D. Work-in-process 3333.... MPS stands for:MPS stands for:MPS stands for:MPS stands for: A. Master Production Schedule B. Master Planning System C. Material Planning System D. Material Production Schedule 4444.... Enterprise Resource Planning (ERP) isEnterprise Resource Planning (ERP) isEnterprise Resource Planning (ERP) isEnterprise Resource Planning (ERP) is.... A. Severely limited by current MRP computer systems B. Not related to MRP C. An advanced MRP II system that ties-in customers and suppliers D. Not currently practical 5555.... MRP stands for:MRP stands for:MRP stands for:MRP stands for: A. Manufacturing Resource Planning B. Master Resources Production C. Management Reaction Planning D. Materials Requirements Planning Answers: 1 (A), 2 (B), 3 (A), 4 (A), 5 (D)

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