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FIFO can be implemented in store using colour coding by assigning colours to products based on their arrival date.
Assign colours to products based on their arrival date
Use a colour chart to keep track of the colours and their corresponding dates
Ensure that older products are placed in front of newer products
Regularly check and update the colour coding system
Train store staff on the colour coding system
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posted on 25 Aug 2024
I applied via Recruitment Consulltant and was interviewed in Feb 2024. There was 1 interview round.
Inventory refers to the goods and materials a business holds for the purpose of resale or use in production.
Inventory includes raw materials, work-in-progress, and finished goods.
It is important for businesses to manage their inventory effectively to meet customer demand and minimize costs.
Examples of inventory include clothing in a retail store, spare parts in an auto repair shop, and ingredients in a restaurant kitch
GRN stands for Goods Receipt Note, a document used to confirm the receipt of goods from a supplier.
GRN is a document used in the process of receiving goods from a supplier.
It includes details such as the quantity received, condition of goods, and any discrepancies found.
GRN is used to update inventory records and initiate the payment process to the supplier.
It serves as a proof of delivery and receipt of goods.
Example:...
posted on 25 Aug 2024
I applied via Recruitment Consulltant and was interviewed in Feb 2024. There was 1 interview round.
Inventory refers to the goods and materials a business holds for the purpose of resale or use in production.
Inventory includes raw materials, work-in-progress, and finished goods.
It is important for businesses to manage their inventory effectively to meet customer demand and minimize costs.
Examples of inventory include clothing in a retail store, spare parts in an auto repair shop, and ingredients in a restaurant kitch
GRN stands for Goods Receipt Note, a document used to confirm the receipt of goods from a supplier.
GRN is a document used in the process of receiving goods from a supplier.
It includes details such as the quantity received, condition of goods, and any discrepancies found.
GRN is used to update inventory records and initiate the payment process to the supplier.
It serves as a proof of delivery and receipt of goods.
Example:...
based on 2 reviews
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