This is a specialized Management program which emphasis on the concept "Material is Money". It encompasses the importance of material management and Industry is giving special focus on vendor management and procurement. It enables the candidate understand how cost of material can make the industry competitive. It also helps the participants to understand that this function also can increase the profitability of a business organization. It is a program which should be done by candidates who wants to understand the importance of materials department in an organization and develop themselves as able managers in this ever growing business function.