Career in Material Management

The acquisition and utilization of materials to create the desired end products is a complicated process. Material management says all of the processes in this process must be linked together in order for proper planning and control to take place. This what a person involved in any Career in Material Management is expected to be good at.

Let us explore Career in Material Management!

What is 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. These are professionals with supply chain and inventory control experience. They collaborate with other managers to determine supply requirements and to handle purchase supplies and materials in accordance with standards.
A Material Management Professional also keeps track of inventory levels and ensures that materials are available in case of an emergency. They also maintain positive relationships with suppliers and keep meticulous records of procurement activities, material quantities, and requirements, among other things.

Skills Required

Given below are some of the skills which are required for a successful career in this field:

One of the most significant talents necessary in material management is negotiation skills and an awareness of the dynamics of the supply chain market.
In this industry, understanding the new logistic process, inventory management, customer satisfaction, and problem-solving are critical.
Communication skills and the capacity to work in a group are also very crucial.

Career opportunities in Material Management

Material managers have a wide range of job choices in both the public and private sectors. They can work in defence procurement, storage, and supply, as well as railways and public transportation. They can also discover profitable job chances in industrial establishments, corporate houses, and other businesses. Some careers to name are –

Purchasing Managers – A purchasing manager is a senior-level profession that necessitates a significant amount of experience. They must be capable of making commercial judgments and overseeing the purchasing department. Purchasing managers’ success is based on their ability to assist the company expand and boost sales performance, rather than just the title. This means that countless planning approaches will need to be revisited, which may necessitate overtime. It may appear to be too much to handle, yet keeping the company on track provides you a fantastic sense of accomplishment.

Operations Managers – You have a lot of obligations as an operations manager. You may be in control of multiple departments or operations in public or private organisations, but the most important thing to remember is that you are in command.
You’ll be establishing regulations, staying on top of everyday operations, and working out how to use certain materials and resources in addition to being in control. Before you get too worked up, remember that each department will most likely be overseen by supervisors.

Project Managers – Project managers are critical to the success of, well, projects. They take on the responsibility of planning and overseeing each project to guarantee that it is completed on schedule and on budget. However, the work entails far more than that.
A project manager is also in charge of locating project resources, ensuring that the budget is in order, and keeping stakeholders informed throughout the project. When it comes to a project, project managers are undoubtedly involved in a little bit of everything.

Supply Chain Managers – Supply chain managers are in charge of keeping track of a product’s supply chain in order to boost productivity and customer satisfaction. A crucial obligation is making raw materials available at the correct time and in the correct quantity. You must ensure that the correct amount of merchandise is produced and stored. A supply chain manager monitors operational performance, maintains inventories, and, when necessary, provides logistics solutions.

Materials Operation Managers – Managers of materials operations are in charge of managing the production of commodities or the provision of services. They are responsible for a company’s productivity, safety, quality control, and personnel. They adhere to the firm’s policies and represent it in regulatory matters. They also examine the current production system to ensure that it is efficient, and they are involved in day-to-day tasks, which include dealing with vendors, employees, and other clients.

Average Salary

The amount of money you take home will be determined by the company you work for. In the private sector, a fresher’s starting pay will be around INR 2,50,000. The government sector has a higher pay scale. The highest-paying companies include COAL India Limited, National Thermal Power, and the Oil and Natural Gas Corporation. Freshers can expect to start with a salary of around INR 3,25,000. This worth only increases with expertise, and people can earn up to INR 8,00,000 a year.

It’s also worth noting that, in addition to the basic income in question, most experts in this industry receive a variety of supplementary benefits and incentives, regardless of whether they work for the private sector or the government.

Working Conditions in Material Management

Physically, this is a physically demanding job due to the challenging working conditions. There are no set working hours, and because the majority of the employment are in the manufacturing business, you may be required to work shifts. On the plus side, the country’s labour regulations apply to you as well, so you won’t have to worry about your safety. The occupational dangers linked with the field are well-managed, so you shouldn’t have too lot to worry about.

Resources

Before you can become an expert in desired areas, you must first build a solid base. Before you can move on to practical teaching, you’ll need to have the right applied skills. To gain a full understanding of the domain, you can use the following tools:

Firstly, Online Tutorials for Material Management
MBA in Material Management
Also, Certification Courses from verified sources such as Vskills, Coursera, Udemy and so on.
In addition, Online communities
Moreover, Blogs and study material from experts in this field and many more.

Here are some examples of how you can improve your abilities:

Freelancing
Internships
Apprenticeship programs

The above steps will help you to get this domain started. It’s a long way to go, however. You can take an advanced course to reach a new level of skills.

Some resources offered by Vskills

Vskills offer Certified Material Management Professional certification for all those interested in working in this field. This certification course covers the following topics –

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 also offers free practice tests and online tutorials to supplement the learning process. You can check them by clicking on the following links –

Discover the career opportunities and other prospects of career in Material Management. Hurry up and start preparing now with Vskills.in!