About the Course
Materials
are one of the fastest-growing industries in India. The reason for this rapid
growth is the scarcity of invaluable resources for a growing population. Therefore,
tracking PGDM in materials management opens up various opportunities to work
with high packages in both the public and private sectors. A materials
management professional's primary responsibilities are to plan purchasing
procedures, manage supplies as needed, and standardize procedures. This work
aims to achieve a reasonable return on investment through sensible and
responsible material management that ensures a reduction in overall expenditure
and input resources.
The
Materials Management course offers great opportunities in a variety of business
areas and provides practical value for a certified and competent professional.
This field is open to deserving candidates in the fields of supply chain
management and materials management. This course will allow you to expand your
knowledge and gain more meaningful career options.
PG
Diploma in Material Management is created for the students/ learners to offer
information regarding business insight through the advanced study of various
subjects like inventory management, stock management, supply chain management,
purchasing, and delivery management to acquire information in practical work.
The
Postgraduate Diploma in Material Management is a two- to a 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.
PG
Diploma in Material Management subjects is focused on developing an idea about
Human Resource Management, Project Management, Inventory Management,
Entrepreneurship, etc. PG Diploma in Material Management job scope is vast and
offers opportunities in various fields in both private and public sectors. This
course falls under the umbrella of the Postgraduate Diploma.
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.
Course
Highlights
Given
below are a few of the important highlights of the PGDMM program.
| Particulars | Value |
| Course Name | Post Graduate Diploma in Materials Management |
| Course Level | PG Diploma |
| Course Duration | 2-3 years |
| Eligibility Criteria | successful completion of graduation degree or diploma from a recognized university with a minimum of 60% score |
| Examination Type | Semester based |
| Age Limit | No specific age limit |
| Admission Process | Entrance Exam and Merit Based |
| Entrance Exam | CAT, XAT, GMAT, CMAT |
| Average Annual Fees | INR 25,000-90,000 |
| Average Annual Salary | INR 5,00,000-10,00,000 |
| Similar Course Options of Study | Bachelor in Materials Management, etc. |
| Study Mode | Distance Education/ Online/ Correspondence |
| Employment Area | Fast Moving Consumer Goods (FMCG), Manufacturing, Export, and Import, Retail |
| Top Recruiters | Hindustan Unilever, Pepsico, ITC, Marico, TATA group, Reliance, Future Group, coca cola, Samsung, Whirlpool, Idea, IBM, P&G |
| Job Profiles | Supply Chain Manager, Warehouse manager, purchase manager, strategic planner, material analyst, material manager, commodity manager, sourcing manager, Procurement Manager, Strategic Manager, Inventory Manager, etc. |
Why
Study Post Graduate Diploma in Material Management?
The
postgraduate diploma in Material Management has become one of the most
promising courses because of the following reason:
(i). It opens
up great career opportunities in the management functions related to stock management,
inventory management, demand and supply chain management, and delivery
management.
(ii). It has lucrative pay in both public and private sector organizations
(iii). On successful completion of the postgraduate diploma in material
management, the
candidates can move up the career ladder or can also switch careers easily in
the field of manufacturing and material management.
(iv). As the manufacturing industry is supposed to rise worldwide, there is
demand for people who can handle supply chains tremendously. This has increased
the need for material managers who can move products in a smooth manner along
with cutting costs short.
(2).
Admission Process
The
admissions process for a postgraduate diploma in Materials Management program
varies by university, while some colleges offer direct admission based on merit
and there are many other colleges that require applicants to apply for joint
entrance exams or for college/university entrance. Examination, follow-up
consultation, and personal discussions.
Types
of Post-Graduate Diploma in Material Management Courses
Aspirants
can pursue the PG Diploma in Material Management path in the full-time
or part-time mode. Below are the sorts of PG Diploma in Material Management
publications in detail:
(1).
Distance
PG
Diploma in Material Management through distance education is designed for
students who cannot afford to attend classes on-campus or those engaged in some
form of employment and cannot take time out to pursue a full-time course.
(2).
Full-Time
The
full-time PG Diploma in Material Management course is typically for 1 year,
during which students will have to attend classes in person, submit
assignments, and write their exams on campus.
(3).
Part-Time
The
part-time PG Diploma in Material Management course is designed for students who
cannot attend regular classes. Part-time courses either entail weekend or night
classes or online classes, depending on the type of course.
Eligibility
Criteria
The
following are the minimal requirements for students wishing to pursue a
post-graduate diploma in material management:
(i). The
student should have finished their 10+2 from an accredited institution that is
associated with a central or state board in any discipline of science,
commerce, or humanities.
(ii). The student should have properly completed their bachelor’s degree in any
stream from a recognized university.
(iii). The student should have received an aggregate score of 50 percent marks
on their most recent assessment test.
(iv). Students who have completed the college’s own admission test or the
national entrance examination are eligible.
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.
Admission
process
The
admission process is based on the entrance exam as well as a personal
interview. Still, various institutes conduct their separate entrance test to
offer admissions. Here is a list of entrance exams that are applicable for
admission:
(i). AIMS
Test for Management Admission (ATMA)
(ii). Common Admission Test (CAT)
(iii). Management Aptitude Test (MAT)
(iv). Xavier Aptitude Test (XAT)
(v). Graduate Management Admission Test (GMAT)
(vi). Common Management Admission Test (CMAT)
As
per the standard process, admission will be given according to the entrance
exam scorecard and performance in the personal interview.
Accepted
Entrance Exams
Entrance
exams are a common and popular means for some colleges to have a screening to
decide which student must be admitted to the course. Many popular colleges
around the country have made a name for themselves by conducting
internationally acclaimed research projects.
These
colleges often conduct entrance exams, as the demand to enter these colleges is
higher than the number of seats available. Listed below are some of the popular
exams:
| XAT | NMIMS NPAT | NPAT |
| CMAT | GMAT | GATE |
| SNAP | ATMA | MAT |
| NMAT | CAT | |
Skills
Required
The
PGDMM professional needs to have different skills to work well in the
organization. Some of the skills include:
| Time Management Skills | Efficient clerical skills | Communication Skills |
| Confident | Negotiation skills | HRM Knowledge and Expertise |
| Friendly personality | The desire to collaborate | Analytical and Problem-Solving Skills |
| Good Planning skills | Good listening skills | Quantitative Analysis Skills |
| Empathetic | Good questioning skills | Technical Skills |
| Strong people skills | Teamwork | A team player |
| Attention to details | Employee Relations | Highly organized |
| Research Skills | The Ability to Work Under Pressure | Interpersonal Skills |
| Other Skills | | |
Fee
Structure
The
PG Diploma in Material Management course fee is not fixed and depends on many
factors. Some of the factors which affect the PG Diploma in Material Management
fees embody location, faculty, demand, infrastructure, and the facilities
available to the students. The average PG Diploma in Material Management fee in
India is around INR 25,000-1,80,000.
Selection
Criteria
The
final selection of candidates is typically made by colleges based on the
candidates' entrance exam scores after their applications for the course are
received. Additionally, the benefit received through the applicants of their
undergraduate ranges additionally performs a crucial role.
(3).
Course Comparison
PG
Diploma in Material Management v/s MBA in Material Management
PG
Diploma in Material Management stands for Post Graduate Diploma in Material
Management and is typically catered to students interested in and inclined
toward Computer Management. The table below showcases the differences between
PG Diploma in Material Management and MBA in Material Management:
| Parameters | PG Diploma in Material Management | MBA in Material Management |
| Course Name | Post Graduate Diploma in Material Management | Master of Business Administration in Materials Management |
| Course Overview | The Postgraduate Diploma in Material Management is a two- to a 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. | MBA in Material Management is a two-year postgraduate control direction that offers the designs and plans for collecting, distributing, storing, and handing over uncooked substances and services. MBA in Material Management graduates have excessive task possibilities inside the IT, vehicle, and retail control sectors. |
| Course Duration | 2 years | 2 years |
| Course Stream | Commerce | Commerce |
| Eligibility Criteria | Bachelor's Degree in relevant field with 60% aggregate | Bachelor's Degree in a relevant field with 50% aggregate |
| Average Annual Fees | INR 2,000-1,80,000 | INR 50,000-10,00,000 |
| Average Annual Salary | INR 5,00,000-10,00,000 | INR 5,00,000-15,00,000 |
| Entrance Exams | CAT, XAT, CMAT, GMAT | CAT, MAT, XAT, GMAT |
| Top Colleges | MIT School of Distance Education, Indian Institute of Materials Management | IIM Bangalore, IIM Ahmedabad, IIM Kolkata |
| Job Profiles | Supply Chain Manager, Warehouse manager, purchase manager, strategic planner, material analyst, material manager, commodity manager, etc. | Purchasing Manager, Supply Chain Manager, Quality Manager, Logistics, Inventory Manager, Materials Manager, Materials Supervisor, etc. |
(4).
Top Colleges
Below
is the list of the PG Diploma in Material Management Colleges in the country:
| Name of College | Average Annual Fee(INR) | Location |
| Indian Institute of Materials Management | INR 45,000 | Bangalore |
| MIT School of Distance Education | INR 50,000 | Pune |
| Indian Institute of Materials Management | INR 47,150 | Ahmedabad |
| Acton Business School - ABS | INR 50,000 | Maharashtra |
| Indian Institute of Materials Management | INR 43,550 | Delhi |
| College of Vocational Studies | INR 12,830 | Delhi |
| CATS | INR 1,45,000 | Bangalore |
| Amity University Online | INR 64,900 | Noida |
| Indian Institute of Materials Management | INR 45,000 | Mumbai |
| MIT School of Distance Education | INR 50,000 | Kolkata |
| The School of Business Logistics | INR 2,00,000 | Chennai |
| MIT School of Distance Education | INR 27,000 | Dalhousie |
| Indian School of Business Management and Administration | INR 43,550 | Delhi |
| Sankalp Business School | INR 1,00,000 | Pune |
| ADN Institute of Paramedical Science and Hospitals | INR 46,400 | Maharashtra |
| Annamalai University | INR 57,050 | Tamil Nadu |
| Bir Tikendrajit University | INR 1,60,000 | Manipur |
| College of Materials Management - CMM | INR INR 30,000-80,000 | Madhya Pradesh |
| Birsa Munda Tribal University | INR 1,50,000 | Gujarat |
| Brilliant Education | INR 35,000 | Gujarat |
| Delhi Degree College - DDC | INR 38,000 | Faridabad |
| Delhi Degree College - DDC | INR 40,000 | New Delhi |
| H.B. Institute of Communication and Management - HBICM | INR 32,107 | Ahmedabad |
| Indian Institute of Commerce and Trade - IICT | INR 32,079 | Lucknow |
| Indian Institute of Materials Management - IIMM | INR 79,900 | Aurangabad |
| Indian Institute of Materials Management - IIMM | INR 75,000 | Bharuch |
| Institute for Working Professionals - IWP | INR 45,000 | Mumbai |
| Kalyan Post Graduate College - Kalyan Mahavidyalaya | INR 16,590 | Chhattisgarh |
| University of Mumbai | INR 44,898 | Maharashtra |
| Winsoft Technologies | INR 1,00,000 | New Delhi |
| Venkateshwara Open University - VOU | INR 38,000 | Arunachal Pradesh |
| Saga Institute of Management Studies - SIMS | INR 50,000 | Kerala |
(5).
Job & Placements
After
the completion of the postgraduate diploma in Material Management, there are
ample career options that open up for the candidates. There are attractive pay
packages in both the private and public sectors.
Job
Profiles
Candidates
can better understand their career goals and aspirations with the aid of job
descriptions and profiles. An excellent job description outlines the
requirements and responsibilities of the position for potential candidates.
Below are some significant job roles and profiles.
| Job profile | Job Description |
| Materials Analyst | A Materials Analyst performs various duties for a firm. He/she has to ensure that the company’s inventory is up to date. And also, those materials are distributed on behalf of the company for the smooth flow of goods in the supply chain by materials analysts. |
| Warehousing Manager | A Warehousing Manager is accountable for overseeing the warehousing and distribution operations. Implementing operational regulations and procedures, making sure the powerful and secure use of warehouse equipment. |
| 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. |
| Sourcing Manager | A Sourcing Manager is responsible for analyzing strategic sourcing and directing procurement expenditure. He/she also develops sourcing policies and creates cost estimates and forecasts. |
| Supply Chain manager | From the acquisition of the company’s uncooked assets to its crowning glory stage, supervises and regulates every section of the manufacturing cycle for green functioning. They are in rate of logistics and stock management. |
| Purchase Manager | The buy manager’s responsibilities include developing and implementing daily purchasing plans, supervising workers, and allocating tasks. They also ensure that vendor information is maintained and that relationships with them are maintained. |
| Strategic Planner | A Strategic Planner works to form the company’s commercial enterprise strategy. They plan and examine a company’s performance. Research and information evaluation to tell enterprise selections are performed via way of means of a strategic planner. |
| 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 in accordance with the standards set by the clients. |
| Procurement Manager | A Procurement Manager is a supply chain and logistics professional specializing in ensuring cost-effective purchasing of all materials and services. |
Top
Recruiters
Top
recruiters for Materials Management are leading global firms, manufacturing
industries, shipping, corporate companies, and many more. Names of a few top
recruiters are as follows:
| Philps | L & T | HCL | Accenture |
| R Systems | Maersk Group | Hindustan Unilever | Alstom |
| Reliance | Marico | Honda | Amazon |
| Samsung | P&G | HSBC | ANI |
| Shell | Pepsi | IBM | Coca Cola |
| Stagen | Pepsico | Idea Cellular Services | CTS |
| TATA Group | Wipro | IFC | Flipkart |
| whirlpool | Zenith computers | Infocomm | Future group |
| ITC | ACC Limited | Global Services | Godrej |
| Infosys | ITC | | |
Employment
Areas
There
is a large scope of PG Diploma in Material Management jobs for graduates in
both the private and public sectors. After PG Diploma in Material Management
graduation students pursuing a PG Diploma in Material Management course are not
limited to their specific areas resulting in a vast job. With many
specializations, the PG Diploma in Material Management course is an all-around
course.
Concerning
the previous academic background and the personal choice and the ability of the
student towards a particular program, there exists an appropriate plan for
almost every candidate opting for the PG Diploma in Material Management course.
Some of the areas of recruitment are:
(i).
Packaging Industry
(ii). Import and Export Trade
(iii). Food Industry
(iv). Logistics
(v). Industries
(vi). IT Companies
(vii). Automobiles
(viii). Shipping Industry
Average
Salary
The
PG Diploma in Material Management salary for the graduates can differ according
to the specialization that the aspirants decide to pursue. Other factors which
can affect PG Diploma in Material Management salary in India include
experience, location, and specialization. Graduates can boom their revenue via
way of means of doing internships and painting placements as it'd upload to
their experiences.
The
average PG Diploma in Material Management salary for graduates is around INR
3,65,000-20,00,000. The table below shows the salary breakdown of PG Diploma in
Material Management graduates in India:
| Salary Level | Salary Amount |
| Lowest Salary | INR 3,65,000 |
| Average Salary | INR 9,47,000 |
| Highest Salary | INR 20,00,000 |
Below
is a list of the common job descriptions that are available, along with an
estimate of their respective annual salary levels. The amount below is an
approximation; actual packages vary based on a range of factors, including the
candidate's qualifications and work experience.
| Job Role | Average Annual Salary(INR) |
| Inventory Manager | Rs. 3,48,000 |
| Supply Chain Manager | Rs. 9,00,000 |
| Procurement Manager | Rs. 10,06,000 |
| Commodity Manager | Rs. 13,61,000 |
| Material Manager | Rs. 9,47,000 |
| Warehousing Manager | Rs. 5,00,000-7,00,000 |
| Sourcing Manager | Rs. 8,00,000-10,00,000 |
(6).
Career/Scope
PG
diploma in Material Management is one of the most versatile degree programs,
not only in terms of job opportunities in different fields but also in terms of
the scope of higher education available to graduates. Depending on the chosen
specialization PG Diploma in Material Management, the student will find a
suitable job in his field or find an adequate orientation to continue his
studies. The GUT Diploma in Materials Management is quite broad, regardless of
whether the graduate chooses to work or further study.
Scope
of Materials Management in India and Abroad
Students
with manufacturing experience can learn materials management and logistics
techniques and apply them to their daily operations. The previous point
concerns higher education. Undergraduate programs require a basic understanding
of materials management, and candidates interested in manufacturing and
shipping are best suited for this major. Materials management is one of the
most common career paths with a future. The quarry's ultimate goal is to
protect the environment and ensure only what is necessary is used, leaving the rest
for 's sustainable future.
The
public and commercial sectors offer a wide range of employment opportunities.
These people are needed in business. Material managers ensure that the supply
chain runs smoothly. Material planning and control, purchasing, storage, and
inventory management are central topics in materials management. The average
salary of a materials management specialist is around Rs.8-9 lakhs per year
(approx).
This
is a promising career option as there are many job opportunities in materials
management. The cost component of the total cost of the product should be the
smallest. In order to control this material management expert, efforts are made
to ensure that this material management control professional is employed on a
large scale.
Career
options after PG Diploma in Material Management
There
are a number of employment domains that PG Diploma in Material Management
graduates can join immediately after graduation. PG Diploma in Material
Management is one of the most diverse courses in terms of employment
opportunities for graduates. The list of career opportunities available to PG
Diploma in Material Management graduates is as follows:
(1).
Purchase Manager
Their main responsibility is to design, plan
and implement different purchasing strategies. They are looking for reliable
vendors and suppliers to provide quality goods at reasonable prices, making
negotiation with prices and contracts, review technical specifications of
different raw materials, etc.
(2).
Logistics Manager
These professionals are given the
responsibility to plan and forecast the logistics strategy for the concerned
company or organization and the client or customer with whom the consignment is
in progress.
(3).
Supply Chain Manager
Their
area of work involves the finishing of the end-to-end processes involved. They
should also plan and implement effective and efficient strategies for the
company.
(4).
Inventory Manager
They
are assigned the duty to maintain the full list of details in regard to the
retail stocks and raw materials.
(5).
Warehouse Operation Manager
These
managers are given the role to handle commercials, coordinating with the
industrial distribution centers as well as managing the cost including
facilitation.
Scope
of PG Diploma in Material Management for Higher Education
Students
can pursue many specializations under PG Diploma in Material Management. There
also are many better take a look at alternatives to be had for graduate college
students after a PG Diploma in Material Management degree, which can help them
better understand the subject. Also,
gaining more education can help students pursue a career in research if they
are interested in it.
Listed
below are some of the popular higher education options available for students:
(i). MBA
(ii). Ph.D
Skills
that make you the Best PG Diploma in Material Management Graduate
There
are many complex and soft skills that PG Diploma in Material Management
graduates need to possess to succeed in their careers. These aren't always
abilities that scholars can get in a lecture room setting. Instead, those are
abilities that might be discovered via experience. Therefore, college students
need to be constantly placed in the attempt to exit their consolation
sector and benefit as lots revel in as possible. Some of these skills include:
(i).
Analytical Skills
(ii). The Ability to Work Under Pressure
(iii). Interpersonal Skills
(iv). Quantitative Analysis Skills
(v). Research Skills
(7).
FAQs
(1). What is Material management?
Ans. Material management is a function of management that deals with inventory
management, value analysis, storekeeping, and maintenance of inventory at hand
and as well as which is under process.
(2). What is Post diploma in material
management?
Ans. The postgraduate diploma in Material Management is a 2-3 year postgraduate
level course, where the candidates are taught subjects like principles of
management and organizational behavior, packing and distribution management,
total quality management(TQM), Quantitative techniques for management,
managerial economics, corporate communication, strategic management, and human
resource management in order to give them a holistic knowledge of how things
are done.
(3). What are the other entrance exams
except for CAT for admission to a postgraduate diploma in material management?
Ans. To enroll in the postgraduate diploma in material management the candidate
has to pass the entrance exam. Common Entrance exams other than CAT are XAT,
CMAT, etc while there are some reputed colleges that conduct their own entrance
exams.
(4). What are the career options after
pursuing the postgraduate diploma in material management course?
Ans. After completion of the course, the candidates can either move the ladder
of their existing jobs or make a shift in career and choose to become Supply
Chain manager, Warehouse manager, purchase manager, strategic planner, material
analyst, material manager, commodity manager, sourcing managers per their area
of specialization and interest.
(5). What is the average salary for
someone with a postgraduate diploma in material management?
Ans. Depending on the work type and expertise of the individual, the starting
salary varies from INR 4,00,000 to INR 10,00,000.
(6). What are the sectors recruiting
candidates who have successfully completed their postgraduate diploma in
material management?
Ans. Sectors like manufacturing, Fast moving consumer goods (FMCG), Exports and
Imports, and others having huge stock management have high requirements for
candidates with postgraduate diplomas in material management.
(7).
Do big brands hire people with postgraduate diplomas in material
management?
Ans. Yes! Big manufacturers like Hindustan Unilever, Pepsico, ITC, Marico, TATA
group, Reliance, Future Group, coca cola, Samsung, Whirlpool, Idea, IBM, and
P&G prefer to hire professionals with post-graduate diplomas in material
management.
(8).
Is there a difference between an MBA in Material Management and a Post
Graduate Diploma in Material Management?
Ans. MBA is a two-year full-time program, and the postgraduate diploma is a
two- to a three-year program that can be completed full-time or part-time
depending on the student’s needs and desires.
(9).
What is a better MBA in material management or Post graduate diploma in
material management?
Ans. Every course has its own pros and cons. Depending on the needs of the
candidate they can either opt for an MBA or a Postgraduate Diploma in Material
management. Though MBA is more theoretical while a postgraduate diploma in
material management is more practical and relevant as per the job market is concerned.
(10). What is the cost of a
postgraduate diploma in material management?
Ans. 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.
(11). What industries are looking for
students who have completed a postgraduate diploma in material management?
Ans. 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.
2 Years
Post Graduate
Management
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