AIMS Oil And Gas Equipment Trading Material Controller Interview Questions and Answers

ABC and FIFO are inventory management techniques used in warehouses.

• ABC stands for Activity Based Costing and is used to categorize inventory items based on their value and importance.

• FIFO stands for First In, First Out and is a method of organizing and retrieving inventory items based on their arrival time.

• ABC analysis helps prioritize inventory management efforts by focusing on high-value items, while FIFO ensures th...read more