Materials Management & Procurement at Texas Business School
In today’s fast-paced market, effective materials management and procurement aren’t just about getting the right products at the right price—they’re about sustaining the entire supply chain for competitive advantage. At Texas Business School (TBS), our Materials Management & Procurement program equips you with the practical skills and strategic insights to design robust, end-to-end solutions. Whether you aim to optimize inventory, negotiate better vendor terms, or align procurement processes with finance and production, this course is your roadmap to becoming a high-impact supply chain professional.
Duration | Commitment | Start Date | Fee
Why TBS for Materials Management & Procurement?
- Real-World Relevance
Go beyond theoretical principles and delve into hands-on labs that reflect true-to-life procurement cycles. Learn to configure master data, handle invoice verification, and align purchases with enterprise resource planning systems. - Industry-Validated Expertise
TBS instructors bring extensive experience from top-tier supply chain operations. Their guidance ensures you learn best practices that today’s organizations demand—optimizing both cost and efficiency. - Holistic Skill Development
From purchase requisitions and orders to goods receipt, inventory oversight, and invoice verification, you’ll master the entire procure-to-pay process. Integrate it with finance, production, and distribution modules to add immediate strategic value. - Hands-On Labs & Capstone Project
Explore real ERP configurations, then bring it all together in a final Capstone Project. Prove your ability to implement a comprehensive materials management solution that’s ready for a live environment.
Course Objectives
- Build a robust framework
Learn the foundational elements of materials management, including master data structures, purchase requisitions, and purchase orders. - Enhance inventory & supplier oversight
Develop strategies for efficient goods receipt, inventory tracking, and supplier collaboration, ensuring seamless stock management and minimized waste. - Streamline financial integration
Align procurement activities with financial postings and accounts payable, establishing end-to-end transparency and compliance across the organization. - Automate & configure key processes
Configure automatic account determination, valuation classes, and price controls that simplify day-to-day tasks and reduce manual intervention. - Leverage data-driven decisions
Build procurement analytics and reporting skills, enabling you to interpret spend data, optimize purchasing trends, and strategically guide supply chain decisions.
Course Learning Outcomes
By the end of the Materials Management & Procurement (MMP1) program, you will be able to:
- Configure and manage master data
Establish and maintain material, vendor, and purchasing info records to ensure accurate procurement cycles. - Execute procure-to pay processes
Drive end-to-end scenarios—from requisitions and purchase orders to goods receipt and invoice verification—with clear oversight at each step. - Implement account and valaution controls
Map business transactions to the correct G/L accounts and manage pricing strategies to maintain precise and consistent inventory valuations. - Enhance procurement with ERP modules
Synchronize materials management processes with finance, distribution, and production, ensuring real-time data flow and holistic operational visibility. - Monitor & optimize procurement performance
Utilize analytics and reporting tools to track supplier performance, inventory turnover, and cost savings, guiding strategic improvements.
Ready to Transform Your Career?
At TBS, we believe materials management is the backbone of a successful supply chain—impacting everything from cost control to customer satisfaction. If you’re ready to transform procurement into a strategic advantage, enroll in the TBS Materials Management & Procurement program. Gain the in-demand skills to streamline operations, enhance supplier relationships, and push your organization to new heights in today’s fast-evolving marketplace/
Join us at TBS and embark on the path to becoming a true supply chain innovator!