Advanced Diploma in Materials Management
*Core Subjects/Syllabus*
*Semester 1: Foundations of Materials Management*
1. *Introduction to Materials Management*
- Role of materials management in supply chain operations.
- Key concepts: Procurement, inventory, warehousing, and distribution.
2. *Procurement and Strategic Sourcing*
- Supplier selection, vendor development, and global sourcing.
- Cost analysis (TCO: Total Cost of Ownership) and contract management.
3. *Inventory Control Techniques*
- ABC analysis, EOQ (Economic Order Quantity), JIT (Just-in-Time).
- Safety stock, reorder points, and inventory turnover ratios.
4. *Logistics and Warehouse Management*
- Warehouse layout design, material handling equipment, and automation.
- Cross-docking, 3PL (Third-Party Logistics), and reverse logistics.
5. *Legal and Ethical Aspects*
- Contract law, Incoterms, and compliance (UCC, ITAR).
- Ethical sourcing and anti-corruption practices (FCPA, UK Bribery Act).
*Semester 2: Advanced Techniques and Technology*
6. *Supply Chain Analytics*
- Demand forecasting (ARIMA, machine learning models).
- Tools: Excel, Power BI, SAP IBP (Integrated Business Planning).
7. *ERP Systems in Materials Management*
- Hands-on training with SAP MM, Oracle SCM, or Microsoft Dynamics.
- Automating procurement workflows and inventory tracking.
8. *Sustainable Materials Management*
- Circular economy principles and green procurement.
- Carbon footprint reduction, waste management, and recycling.
9. *Risk Management in Supply Chains*
- Identifying risks (supply disruptions, geopolitical issues).
- Mitigation strategies (diversification, safety stock optimization).
10. *Quality Management*
- TQM (Total Quality Management), Six Sigma, and ISO 9001 standards.
- Supplier quality audits and defect analysis.
*Semester 3: Specializations and Leadership*
11. *Advanced Procurement Strategies*
- Category management, e-procurement, and e-auctions.
- Supplier relationship management (SRM) and collaborative planning.
12. *Global Supply Chain Management*
- Managing cross-border logistics (customs, tariffs, documentation).
- Cultural challenges in global supplier networks.
13. *Lean Supply Chain Practices*
- Lean principles (value stream mapping, Kaizen).
- Reducing lead times and eliminating waste (Muda, Mura, Muri).
14. *Technology Trends*
- IoT in inventory tracking, blockchain for supply chain transparency.
- AI-driven demand sensing and robotic process automation (RPA).
15. *Capstone Project/Internship*
- Real-world project: Designing a materials management plan for a manufacturing firm.
- Internship with automotive, FMCG, or pharmaceutical supply chains.
*Elective Subjects *
- *Healthcare Supply Chain Management*
- *Automotive and Aerospace Logistics*
- *Retail Inventory Optimization*
- *Disaster Relief Supply Chains*
- *Pharmaceutical Cold Chain Management*
*Assessment Methods*
- *Practical Exams*: ERP simulations, inventory optimization case studies.
- *Written Exams*: Theory on procurement, logistics, and sustainability.
- *Projects*: Designing a green supply chain or risk mitigation plan.
- *Capstone Defence*: Evaluation of real-world projects/internships.