Sai Ram Hospital Interview Questions and Answers

Supply chain is the network of businesses, individuals, and activities involved in the creation and delivery of a product or service.

• It includes all the processes from raw material acquisition to final delivery to the customer.

• It involves coordination and collaboration between suppliers, manufacturers, distributors, retailers, and customers.

• Efficient supply chain management can lead to cost savings, improved customer satisfaction, and increased profitability.

• Examples include ...read more

Logistics is the process of planning, implementing, and controlling the movement of goods from one place to another. Inventory refers to the stock of goods or materials kept by a company.

• Logistics involves transportation, warehousing, and distribution of goods

• It includes activities such as order processing, packaging, and inventory management

• Inventory refers to the goods or materials that a company holds for sale or use in production

• Effective inventory management is crucial f...read more

A warehouse is a large commercial building used for storage of goods and materials.

• It is used for storing goods and materials

• It is usually a large commercial building

• It can be used for temporary or long-term storage

• It may have specialized equipment for handling and storing specific types of goods

• Examples include Amazon warehouses, cold storage warehouses, and distribution centers

3PL stands for third-party logistics, which involves outsourcing logistics services to a specialized company.

• 3PL companies provide services such as transportation, warehousing, distribution, and fulfillment.

• They help businesses streamline their supply chain operations and reduce costs.

• Examples of 3PL companies include DHL, FedEx Supply Chain, and XPO Logistics.

Skills needed for inventory management include organization, attention to detail, analytical thinking, and communication.

• Organization: Ability to keep track of inventory levels, locations, and movements.

• Attention to detail: Ensuring accuracy in recording and tracking inventory data.

• Analytical thinking: Ability to analyze inventory trends, forecast demand, and optimize stock levels.

• Communication: Collaborating with suppliers, team members, and other departments to coordinate i...read more