Course Description
This course provides a comprehensive understanding of Material Management, focusing on the efficient planning, procurement, storage, and distribution of materials in an organisation. It covers inventory control, supply chain logistics, vendor management, and cost-effectiveness. The course equips students with the knowledge and skills required to optimise material flow, reduce waste, and ensure seamless production processes in business operations.
Course Objectives
- To understand the fundamental concepts and importance of Material Management in business operations.
- To analyse various inventory control techniques and their applications in reducing costs and improving efficiency.
- To explore procurement processes, vendor selection, and supplier relationship management.
- To examine logistics, warehousing, and supply chain strategies for effective material handling.
- To apply Material Management principles to real-world scenarios for better decision-making and resource utilisation.
Course Outcomes
- Demonstrate an understanding of Material Management principles and their impact on business operations.
- Apply inventory control techniques to optimise material flow and minimise wastage.
- Evaluate procurement strategies and supplier management practices for cost-effective sourcing.
- Implement logistics and warehousing solutions to improve material handling and distribution.
- Develop problem-solving skills to enhance operational efficiency in Material Management.