Material and Inventory Management Practice Exam
Material and Inventory Management
A Material and Inventory Management Professional are the one who plan and procure material and control inventory for meeting the organization’s business goals. They connect with other managers for determining the supply needs and requirements as well as for handling supplies and materials based on the various specifications. They also look over inventory levels and ensures the availability of the material in case of any emergency. Moreover, they are ought to have good relationship with the suppliers and are responsible for creating reports on inventory, material usage, and efficiency.
Who should take 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
Overview of Materials Management
• Overview
• Learning the role of Material Management
• Learning Meaning of Quality Assurance Standards of Material Management
• Learning Corporate Policy of MM/JIT/Kanban
• Learning Organization of Materials Management Functions
Purchasing Procedures
• Purchasing
• Learning Purchasing Systems
• Learning Pricing Objectives
• Learning Selection of Source (Supplier)
• Learning Vendor Management, Legal Aspects E-Procurement Purchase Auction
Stores Management
• Introduction
• Learning Stores Systems and Procedures
• Learning Incoming Materials Control
• Learning Radio Frequency Identification (RFID) Technology
Inventory Control
• Overview
• Learning Economic Order Quantity (EOQ)
• Learning Codification / Cataloguing
• Management Of Automatic Procurement Items
• Learning Abc Analysis/Xyz Analysis
Input Systems of Inventory Management
• Glossary of Materials Management Terms
• Learning Activity-Based Costing
• Learning Acceptance Sampling Plans
• Learning Accounting System
• Learning Advance Payment
• Learning Foreign Exchange Regulation
Importance of Materials Management
• Knowledge Management Introduction
• Learning Import and Export Documentation
• Learning Excise Documentation
Importance of E-Commerce
• Learning E-Procurement
• Components of an E-Procurement System
• Learning E-Procurement Processes
• User Maintenance
• Learning Data Transmission
• Learning Advantages of Implementing E-Commerce
• Learning E-Enabled Way to Buy
• Impact of E-Procurement in Bottom Line
• Choosing an E-Procurement Package
ERP and Its Implementation
• Learning Definition of ERP
• Learning The Importance of ERP
• Learning Globalization and ERP
• Documentation and ERP
• Learning Evolution of ERP
• Selecting the Software
• Learning Cost of ERP Implementation
Other Issues
• Learning Organizational Structure
• Learning Communication Skills
• Learning Raw Materials Purchase
• Learning Recruiting and Training
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 to evaluate 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.
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