Material Management Practice Exam
Material Management
Material management is responsible for planning, sourcing, purchasing, moving, storing and controlling materials in a judicial manner to provide the best services to the customers at a pre-decided and minimum level cost. Therefore, being a material management professional is itself a very challenging job and clearing the exam is not easy as well but it’s not impossible.
Who should give this exam?
This exam is specially intended for:
• Executives
• Senior executive
• Purchase Managers
• Material management department employees
Skills Required
• Management skills
• Analytical skills
• Forecasting and budgeting
• Communication skills
• Problem-solving and decision-making
Career Prospects
• Risk management
• Material manager
• Purchasing manager
• Waste management
Table of Content
The Material Management Professional exam covers the following topics -
Purchase Management
• Learning Objectives of Purchasing
• Learning Functions and responsibilities of Purchase Department
• Methods of Purchasing
• Purchase Organization Structure
• Learning JIT Purchasing
• Learning Agile Purchasing
• Sustainable Purchasing
• Learning Green Purchasing
Strategic Management
• What is Strategy
• Learning Organizational Strategy
• Strategy Development
• Learning Strategic Management Process
• Strategic Sourcing
• Learning Strategic Management Tools
• Strategic Role of Purchasing
• Learning Procurement Portfolio Management
• Learning Kraljic Portfolio Purchasing Model
Sourcing Strategy
• Learning Sourcing Strategy Basics and Types
• Learning Low-cost Country Sourcing
• Global Sourcing
• Learning Offshore Outsourcing
• Learning Outsourcing
• Sourcing Advisory
Ethics in Procurement
• What is Ethics?
• Learning Ethics and Procurement
• Why Ethical
• Learning Ethical Concepts and Principles in Procurement
• Unethical Practices Signs
• Learning Unethical Practices Prevention Tools
• Ethical Procurement Requirements
Materials Management
• Learning Objectives of Materials Management
• Functions of Materials Management
• Learning Organization of Materials Management
• Need, Scope and Functions of Integrated Material Management
Material Planning
• Learning the need for Material Planning
• Factors affecting Material Planning
• Learning tools of Material Planning
• Principles and Procedure for Material Planning
• Learning Basic Concepts of MRP (Material Requirements Planning)
• Learning MRP Processing
• Computer Application to MRP Process
• MRP reports – Database recording and maintenance
• Learning Independent and dependent MRP system
Materials Budgeting
• Learning Basic Concepts of Materials Budgeting
• Learning Factors affecting Materials Budget
• Learning Materials Budgeting and Accounting
Vendor Management
• Learning Supplier Strategy
• System of Vendor evaluation
• Learning Parameters for evaluation of Vendors Performance
• Learning Social Audit
• Total Evaluation
• Vendor Negotiation
• Learning Guidelines for Purchases through Tender and Negotiations
• Purchase Review
Contract Management
• Learning Contract Definition
• Learning Contract Elements
• Learning Indian Contract Act
• Contract Management
• Contract Lifecycle Management
• Learning Automating Contract Management
• Change Management
• Contract Compliance
• Learning Procurement and Contract Management
• Learning Purchase & Tender procedure
Material Classification, Standardisation and Codification
• Material Classification for Variety Reduction
• Basic Concepts of Codification
• Learning Systems of Codification
• Classification by Codification
• Learning Objectives and Scope of Standardization
• Learning Simplification or Variety Reduction
• Levels of Standardization
Inventory Management
• Learning Types of Inventory
• Types of Inventory Costs and Factors affecting Inventory
• Inventory Management Models
• Learning Techniques of Inventory Control
• Inventory Performance Measurement
• Learning Inventory Management Tools
Forecasting
• Introduction to Forecasting
• Learning Forecasting Models
• Weighted Moving Average
• Causal Forecasting Models
• Learning Linear Regression Analysis
• Multiple Regression Analysis
• Other Forecasting Methods
• Learning Forecast Error
• Forecast Evaluations
• Learning Forecast Management
Quality Management and IT
• Learning Quality Management
• Lean
• Learning 5S
• Quality Standards
• Learning Tally.ERP 9
• Learning SAP ERP
• Learning Cloud Computing
What do we offer?
- Full-Length Mock Test with unique questions in each test set
- Practice objective questions with section-wise scores
- In-depth and exhaustive explanation for every question
- Reliable exam reports evaluating strengths and weaknesses
- Latest Questions with an updated version
- Tips & Tricks to crack the test
- Unlimited access
What are our Practice Exams?
- Practice exams have been designed by professionals and domain experts that simulate real-time exam scenario.
- Practice exam questions have been created on the basis of content outlined in the official documentation.
- Each set in the practice exam contains unique questions built with the intent to provide real-time experience to the candidates as well as gain more confidence during exam preparation.
- Practice exams help to self-evaluate against the exam content and work towards building strength to clear the exam.
- You can also create your own practice exam based on your choice and preference
