MIT School ofDistance Education
Material Management
23rd June, 2025
Monday
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What is MaterialManagement?
● Material Management is a strategic function within
operations, supply chain, and logistics that involves
the systematic planning, sourcing, procurement,
storage, handling, and control of materials—from raw
materials to finished goods—used in production
processes.
● It’s goal is to ensure the right materials are available
at the right time, quantity, quality, cost, and source,
enabling smooth workflows and efficient operations.
It plays a key role in balancing supply with demand,
optimizing inventory, and minimizing waste.
● Effective material management enhances productivity,
quality control, and supplier coordination, acting as a
critical link between procurement, production, and
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Right Quality –Ensuring materials meet required specifications.
Right Quantity – Procuring the optimal amount to meet demand without
overstocking.
Right Time – Materials are available when needed to avoid production delays.
Right Price – Buying materials at competitive prices.
Key Objectives of Material Management:
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1. Forecasting andPlanning: Estimating material needs based on production
schedules.
2. Purchasing: Negotiating and buying materials from vendors.
3. Inventory Management: Maintaining optimal stock levels to avoid
overstocking or stockouts.
4. Warehousing: Storing materials safely and efficiently.
5. Quality Control: Checking the quality of received materials.
Functions of Material Management :
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Effective Material Managementplays a critical role in enhancing overall business
performance. It helps reduce production costs by minimizing material wastage,
preventing over-purchasing, and optimizing resource utilization. By avoiding
excess inventory, it also improves cash flow, freeing up capital that can be
invested elsewhere in the business. A well-managed material system ensures the
smooth and uninterrupted flow of production, reducing the risk of delays and
operational downtime. This efficiency directly contributes to higher customer
satisfaction, as timely production supports on-time delivery and reliable service.
Additionally, consistent procurement practices and timely payments foster
stronger supplier relationships, encouraging better pricing, priority service, and
long-term partnerships.
Importance of Material Management:
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In today’s complexsupply chain landscape, material management professionals
must adopt strategic stakeholder engagement and data-driven methodologies to
streamline operations and drive organizational success. Mastering these
approaches is essential for optimizing procurement, inventory control, logistics,
and vendor coordination.
The PGDM Executive Program in Material Management at MITSDE is designed to
meet the evolving needs of working professionals. Aligned with industry-leading
practices and standards, this comprehensive program equips learners with in-
demand skills in supply chain strategy, inventory optimization, procurement
planning, and material flow management—all critical to enhancing operational
efficiency and decision-making in real-time environments.
Explore the program here: PGDM Executive in Material Management
Executive in Material Management
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Why MITSDE ?
●Ideal for mid to senior-level professionals in supply chain and procurement
● Focus on materials planning, cost control, and resource optimization
● Covers operations, logistics, legal aspects, and analytics
● Includes case studies and practical assignments
● Builds skills in leadership, decision-making, and problem-solving
● Learn tools like ERP and inventory management systems
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1) Materials Manager
2)Supply Chain Manager
3)Procurement Manager / Purchase Manage
4) Inventory Control Manager
Potential Career Opportunities
Upon completion of the course, you will be in demand in thriving industries like
Information Technology, Pharmaceutical, Petrochemical, Construction, Automotive in
challenging roles namely:
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MIT School ofDistance Education is one of the largest distance learning center in India. We offer
various Post Graduate Diploma and Certificate programs & Online MBA Course across various
industry sectors that include Operations Management, Project, Information Technology, Banking
and Finance, Digital Marketing, Business Analytics and many more. MITSDE has, an online
assessment system, flexi-learning approach and provides state-of the-art Learning Management
System (LMS) which is in line with its mission 'flexible learning opportunities anywhere, anytime, and
to provide ultimate convenience, ease, and flexibility to our students.
About US
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o Regularly updatedsyllabus
o Industry-relevant course offerings
o Courses taught by Industry Experts
o Affordable courses
o No cost EMI options
o Self-paced learning
o Live webinars and doubt solving
sessions
o Quick and highly-responsive student
support
o Dedicated student support team
Advantage of learning with MITSDE
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Placement Record atMITSDE
MITSDE has a dedicated Placement Cell providing 100% placement, CV building workshops and
Career Counseling.
Our Student Placement :