Master of Management Studies (M.M.S) Purchase and Materials Management Syllabus - Mumbai University 2026

Course objectives

• 1 To provide foundational knowledge of procurement processes, sourcing strategies, and materials management.
• 2 To equip students with practical skills in supplier evaluation, negotiation, and relationship management.
• 3 To foster analytical capabilities for inventory optimization, cost reduction, and quality management.
• 4 To develop strategic insights into risk assessment and sustainability considerations in procurement.
• 5 To enable effective use of technology solutions in managing purchasing and materials operations.

Course outcomes

• CO1: Remember important aspects of materials management
• CO2: Understanding the importance and worth of Materials Management with respect to business operations
• CO3: Apply concepts of materials management in business operations
• CO4: Analyse data for tenders, vendor selection, material purchase and cost analysis
• CO5: Evaluation of suppliers, materials, vendors and business proposals
• CO6: Create an optimized procurement and inventory management system to enhance efficiency and sustainability

Unit 1 CO1 · 3 hours

Introduction to Purchase & Materials Management Definition, Scope & Importance Objectives & Functions Role in Business & Industry

Unit 2 CO2, CO3 · 3 hours

Purchasing Management Purchasing Cycle & Methods Vendor Selection & Negotiation Legal Aspects of Procurement

Unit 3 CO3 · 3 hours

Inventory Management Types of Inventory Inventory Control Techniques (ABC, VED, FSN) Economic Order Quantity (EOQ) Model Just-in-Time (JIT)

Unit 4 CO1, CO2 · 3 hours

Warehouse & Storage Management Functions of Warehousing Warehouse Layout & Design Material Handling Systems Safety & Security Measures

Unit 5 CO4, CO5 · 3 hours

Supply Chain Management (SCM) Overview of SCM Logistics & Distribution in SCM Supplier Relationship Management Performance Metrics in SCM

Unit 6 CO2, CO3 · 3 hours

Materials Requirement Planning (MRP) & ERP MRP Process & Elements Bill of Materials (BOM) MRP vs. ERP Capacity Planning

Unit 7 CO4, CO5 · 3 hours

Vendor Management & Development Vendor Rating & Performance Evaluation Supplier Development Strategies E-Procurement & Digitalization Global Sourcing

Unit 8 CO3, CO4, CO5 · 3 hours

Cost & Value Analysis Cost Reduction Strategies Value Engineering & Value Analysis Make or Buy Decisions Total Cost of Ownership (TCO)

Unit 9 CO4, CO5 · 3 hours

Sustainable & Green Procurement Environmental & Social Impact Circular Economy in Supply Chain Ethical Sourcing & Corporate Social Responsibility (CSR) Green Logistics

Unit 10 CO2, CO3 · 3 hours

Industry 4.0 & Smart Procurement AI & Blockchain in Supply Chain Digital Procurement Systems Future Trends in Procurement

Textbooks

• 1 Chopra, S., & Meindl, P. (2021). Supply chain management: Strategy, planning, and operation (8th ed.). Pearson.
• 2 Gopalakrishnan, P., & Sundaresan, M. (2015). Introduction to materials management (7th ed.). Pearson Education.
• 3 Monczka, R. M., Handfield, R. B., Giunipero, L. C., & Patterson, J. L. (2020). Purchasing and supply chain management (7th ed.). Cengage Learning.
• 4 Schnellbächer, W., & Weise, D. (2022). Digital procurement transformation: Rethinking buying in the digital age. Springer.

Reference Books

• 1 Datta, A. K. (2009). Materials management: Procedures, text and cases (2nd ed.). PHI Learning.
• 2 Sharma, S. C. (2018). Materials management and materials handling (1st ed.). Khanna Book Publishing.