Semester 1: Foundations of Material Management-

  1. Introduction to Material Management
    • Historical context and evolution
    • Role in supply chain management
    • Importance for businesses
  2. Inventory Management
    • Types of inventory
    • Inventory control techniques
    • Inventory valuation methods
  3. Materials Planning and Forecasting
    • Demand forecasting techniques
    • Materials requirement planning (MRP)
    • Master production scheduling (MPS)
  4. Procurement Fundamentals
    • Supplier selection and evaluation
    • Procurement processes and strategies
    • Negotiation and contract management