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Material Master Analyst

Overview, Education, Careers Types, Skills, Career Path, Resources

Material Master Analysts maintain accurate data in SAP systems, ensuring smooth supply chain operations and efficient inventory management.

Average Salary

₹4,50,000

Growth

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Satisfaction

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Educational Requirements

Education Requirements for a Material Master Analyst

A career as a Material Master Analyst typically requires a combination of education and specific skills. Here's a breakdown:

  • Bachelor's Degree: A bachelor's degree in supply chain management, business administration, IT, or a related field is generally required.
  • Relevant Coursework: Courses in data management, inventory control, and enterprise resource planning (ERP) systems are highly beneficial.
  • Technical Skills: Proficiency in ERP systems (such as SAP, Oracle, or similar), data analysis tools (like Excel, SQL), and database management is essential.
  • Certifications: While not always mandatory, certifications in supply chain management (e.g., CSCP, CPIM) or ERP systems can enhance your credentials.
  • Analytical Skills: Strong analytical and problem-solving skills are crucial for data cleansing, validation, and identifying discrepancies.
  • Attention to Detail: Meticulous attention to detail is necessary to ensure data accuracy and consistency.
  • Communication Skills: Effective communication skills are needed to collaborate with various departments and stakeholders.
  • Experience: Prior experience in data management, supply chain, or a related field can be advantageous.
  • Continuous Learning: Keeping up-to-date with the latest ERP system updates and industry best practices is important for career growth.
  • Soft Skills: Strong organizational and time-management skills are also valuable for managing large datasets and meeting deadlines.
Study Path
Top Colleges

To pursue a career as a Material Master Analyst in India, several top colleges and institutions offer relevant courses and programs. Here are some of the best options:

  • Indian Institutes of Technology (IITs): IITs offer programs in industrial engineering and management, which can provide a strong foundation for a career in material master management.
  • Indian Institutes of Management (IIMs): IIMs offer MBA programs with a focus on supply chain management and operations, which are highly valuable for this role.
  • National Institute of Industrial Engineering (NITIE), Mumbai: NITIE is a premier institute for industrial engineering and management, offering specialized programs in supply chain management.
  • Symbiosis Institute of Operations Management (SIOM), Nashik: SIOM offers specialized programs in operations and supply chain management.
  • Great Lakes Institute of Management, Chennai: Great Lakes offers MBA programs with a focus on operations and supply chain management.
  • SP Jain Institute of Management and Research, Mumbai: SP Jain offers MBA programs with a focus on supply chain management.
  • Narsee Monjee Institute of Management Studies (NMIMS), Mumbai: NMIMS offers MBA programs with a focus on operations and supply chain management.
  • Loyola Institute of Business Administration (LIBA), Chennai: LIBA offers MBA programs with a focus on supply chain management.
  • Delhi University: Delhi University offers bachelor's and master's degrees in commerce and economics, providing a strong foundation for a career in material master management.
  • Birla Institute of Technology and Science (BITS), Pilani: BITS Pilani offers programs in engineering and management, which can be relevant for this career path.

These institutions offer a range of programs, from undergraduate degrees to MBA programs, that can equip you with the necessary skills and knowledge to excel as a Material Master Analyst.

Fees

The fees for courses and certifications related to becoming a Material Master Analyst can vary widely depending on the institution, course level, and mode of study (online vs. in-person). Here's a general overview:

  • Bachelor's Degree: A bachelor's degree in a relevant field (e.g., supply chain management, business administration) can range from INR 30,000 to INR 2,00,000 per year in government colleges and INR 1,00,000 to INR 5,00,000 per year in private colleges.
  • APICS Certifications (CPIM, CSCP): The cost for APICS certification programs can range from INR 40,000 to INR 80,000, including course materials and exam fees.
  • SAP Certifications: SAP certification courses can cost anywhere from INR 50,000 to INR 2,00,000 depending on the module and training center.
  • Oracle Certifications: Similar to SAP, Oracle certification courses can range from INR 40,000 to INR 1,50,000.
  • Data Management Certifications (CDMP): The Certified Data Management Professional (CDMP) certification can cost around INR 30,000 to INR 60,000.
  • Online Courses: Online courses on platforms like Coursera, Udemy, and LinkedIn Learning can range from INR 500 to INR 20,000 per course.
  • Diploma Courses: Diploma courses in supply chain management or logistics can cost between INR 20,000 to INR 1,00,000 per year.

These are approximate figures, and it's essential to check the specific fees with the respective institutions or certification providers.

Related Exams

To excel as a Material Master Analyst, while there aren't specific mandatory exams, focusing on relevant certifications and skills-based assessments can significantly boost your career. Here's a breakdown:

  • APICS Certified in Production and Inventory Management (CPIM): This certification demonstrates expertise in production and inventory management principles.
  • APICS Certified Supply Chain Professional (CSCP): This certification validates your knowledge of end-to-end supply chain management.
  • SAP Certifications: SAP offers various certifications related to their ERP system, which is widely used in material master management. Examples include SAP Certified Application Associate - Material Management.
  • Oracle Certifications: Similar to SAP, Oracle provides certifications for their ERP systems, relevant for material master data management.
  • Data Management Certifications: Certifications like Certified Data Management Professional (CDMP) can enhance your skills in data governance and quality.
  • Six Sigma Certifications: Lean Six Sigma certifications (e.g., Green Belt, Black Belt) can help improve process efficiency and data accuracy.
  • Skills-Based Assessments: Consider taking assessments to demonstrate proficiency in data analysis tools like Excel, SQL, and other relevant software.
  • Online Courses and Certificates: Platforms like Coursera, Udemy, and LinkedIn Learning offer courses and certificates in supply chain management, ERP systems, and data analysis.

These certifications and assessments not only enhance your knowledge but also demonstrate your commitment to professional development, making you a more competitive candidate in the job market.

Exam NameExam Date
Pros And Cons

Pros

  1. High demand in manufacturing and supply chain industries.
  2. Opportunity to work with cutting-edge ERP systems.
  3. Contributes directly to cost savings and efficiency.
  4. Offers a stable and well-defined career path.
  5. Potential for career advancement into management roles.
  6. Involves continuous learning and skill development.
  7. Provides exposure to various business functions.
  8. Competitive salary and benefits packages.
  9. Opportunity to improve data quality and governance.
  10. Chance to make a significant impact on operations.

Cons

  1. Can be repetitive and detail-oriented work.
  2. Requires constant attention to data accuracy.
  3. May involve working with complex ERP systems.
  4. Demands strong analytical and problem-solving skills.
  5. Can be stressful when dealing with data errors.
  6. Requires continuous learning and adaptation.
  7. May involve working with multiple stakeholders.
  8. Demands strong communication and collaboration skills.
  9. Can be challenging to keep data consistent.
  10. May require long hours during system implementations.