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pg diploma material management

Updated at : October 18, 2023

Online PG Diploma in Material Management

An online postgraduate diploma (PGDM) program in material management is designed to equip professionals with the relevant tools & methodologies for a seamless procurement procedure. This inventory management program helps you maintain a balance in the demand & supply of the organization by optimizing its input for maximum output.

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Universities

2

Duration

3 - 24 Months

Eligibility info

Graduation Degree or Equivalent

This online diploma program makes you understand the process of planning & maintaining the flow of materials in an organization. This program can be opted for by students or working professionals who want to try their chances as storekeepers, inventory managers, purchase managers, & others. 

This online PGDM program is an interdisciplinary field that makes you explore your career options not only in the field of management of materials but also in retail management & supply chain management. A working professional in this field is responsible for ensuring minimum expenses to fulfill the supply of materials.

The curriculum of this online program focuses on delivering the importance of planning, handling, & forecasting in the field of material management to maintain a satisfactory ratio between demand & supply. The tactics & strategy developments learned through this program enable you to do the cost-cutting for the company in an effective manner that improvises the company’s profits without perturbing its workflow. 

The career prospects of this AICTE-approved online diploma course are similar to that of an on-campus program. With the outgrowing demand of the manufacturing industry, this specialization area provides lucrative career options to individuals who have got a professional diploma in the same field.

The curriculum of this online program focuses on delivering the importance of planning, handling, & forecasting in the field of material management to maintain a satisfactory ratio between demand & supply. The tactics & strategy developments learned through this program enable you to do the cost-cutting for the company in an effective manner that improvises the company’s profits without perturbing its workflow. 

The career prospects of this AICTE-approved online diploma course are similar to that of an on-campus program. With the outgrowing demand of the manufacturing industry, this specialization area provides lucrative career options to individuals who have got a professional diploma in the same field.

Key Highlights of the Online PG Diploma in Material Management

  • Acquire an AICTE-approved diploma in one of the most sought-after management fields with the flexibility of online learning.
  • Develop a strong understanding of the concepts with highly innovative & updated curriculum design.
  • Clear your doubts via industry experts-led online lectures & peer interactions through virtual classrooms.
  • Gain practical knowledge of the field through project work & industry-based case studies.
  • Strengthen your basics with the digitized academic resources available on the highly accessible LMS portal.
  • Get 360-degree career support that enhances your overall personality for progressive professional growth.

Topics Covered in the Online PG Diploma in Material Management

The core topics learned in this online diploma program are divided into 3 semesters & a project term. In the 3rd semester, students need to choose one Elective course from the “Elective Basket.”

The list of the subjects studied in this online program according to their semesters is provided below:

Semester I

Semester II

  • Principles of Management
  • Indian Economy and Policy
  • Business Communication
  • Accounting for Managers
  • Marketing Management
  • Legal and Business Environment (Micro and Macro)
  • Management Information System
  • Human Resource Management
  • Research Methodology and Management Decision
  • Strategic Management
  • Business Analytics
  • Financial Management

Semester III

Elective Courses (Any 1)

  • Project Management
  • Production, Planning, and Control
  • Inventory Management
  • Materials Management
  • Warehouse Management
  • Elective
  • HR Analytics
  • Marketing Analytics
  • Supply Chain Analytics
  • Financial Analytics

Project Term

Desk Research

Project Work

Eligibility of the Online PG Diploma in Material Management

This online PG diploma can only be pursued after a bachelor’s degree from any stream. The specific eligibility criteria for this program are entirely based on the choice of university. However, an idea of some of the primary requirements can be gained from the below-provided list: 

  • A Bachelor’s degree in any discipline from a Government-recognized University.
  • An average of 50% marks in the last qualified exam.
  • Basic Knowledge of the “English Language.”

Duration of Online PG Diploma in Material Management

The overall duration of this course is 21 months to 27 months. The minimum time needed to complete this online diploma program is 21 months divided into 3 semesters (18 months) & a project term (3 months). An extension of 6 months is sometimes given to the students by the university to complete the program making the maximum duration of the course to be 27 months or 1 year 3 months.

Fee Structure of the Online PG Diploma in Material Management

The fee for this technical diploma is between 65,000 INR to 75,000 INR. For International candidates, it is between $1,800 to $2,000. A range is provided for the fee package as some universities offer scholarships to their alumni/defence personnel/specially-abled persons that affect the exact cost of the course.

Admission Process for Online PG Diploma in Material Management

The admission process to get enrolled in this online diploma is pre-decided by the university but some of the general points of the process are provided below.

  • Go to the admission portal & fill out the mandatory details in the admission form ensuring correct spelling as mentioned in your academic certificates.
  • Also, scan & upload the required documents like education certificates, mark sheets, Letters of Recommendation (LORs), & Statements of Purpose (SOPs) on the admission portal.
  • After getting shortlisted by the university, you will receive an interview invitation & after cracking that interview you can confirm your enrollment after the fee payment.
  • The fee payment is done using online methods offered by the university either in a one-time payment mode or in installments.
  • After confirmation of the enrollment, you get a Welcome Mail from the university that has your student login credentials.

NOTE: Some universities offer admission on the basis of the marks scored in entrance exams like GMAT & EA.

Career Opportunities After an Online PG Diploma in Material Management

This online PGDM program opens up your career path in the field of inventory & stock management. After completion of this program, you can easily grab lucrative options in the public & private sectors. 

With an increase in the manufacturing industry, the demand for store in-charges & supply chain professionals has increased by many folds. This demand can be easily fulfilled after pursuing an online material management diploma.

The salary trend of material managers in India is depicted in the graph below:

material-management-executive-salary

Source: ambitionbox.com

A few job titles are provided below that can be taken up after the completion of an online PG in material management:

Supply Chain Manager

Purchase Manager

Store Manager

Material Analyst

Material Manager

Sourcing Manager

Warehouse Manager

Strategic Manager

Procurement Manager

Inventory Manager

Let's clear up some doubts about Online PG Diploma & Certificate in Material Management

Graduates of any discipline can easily get into the online PGDM program of material management. You also need to have SOPs & LORs for the program as some universities demand that. However, you need to get through the specific guidelines of the university that you have chosen for the exact eligibility criteria.

Material management program equips you with the knowledge of strategy developments & their implementations to deal with the challenges of inventories or stores. There is a huge scope of this program in different sectors including Manufacturing, Retail, Logistics, & others.

An online material management diploma provides a plethora of job options in different sectors. The package that you can earn after completion of the program depends on the skill, experience, & knowledge you have apart from the organization that you are associating with. The average annual package after this program is between 4-10 LPA in India.

To get an online diploma in material management, you need to perform well in both internal assessments & external exams as most universities declare their final results based on the cumulative results of both of them. Generally, an average of 50% marks are required to earn an online diploma program in the same specialization.

The overall estimate of the online material management diploma is around  65,000 INR to 75,000 INR for domestic candidates & for International candidates, this program costs between $1,800 to $2,000.

With the growing sectors of manufacturing, supply chain, & retail, the demand for professionally trained executives in inventory, procurement, and store management has increased tremendously. As per the employability stats of India, there will be 50,000+ job openings in the field on an annual basis. Thus, there is going to be quite a good scope for material managers in the upcoming years. Also, the reported average annual package of the profile is going to see an increase & expected to grow as high as 6.5 LPA.

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