BigBasket Inventory Executive Interview Questions, Process, and Tips

Q1. What is inventory?
Ans. 
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 an important asset on a company's balance sheet.

• Inventory management involves tracking, storing, and replenishing inventory.

• Examples of inventory include merchandise in a retail store, components in a manufacturing plant, and spare parts
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Q2. What is cycle count?
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Cycle count is a method of inventory management where a small subset of inventory is counted on a regular basis to ensure accuracy.
• Cycle count involves counting a small portion of inventory regularly instead of doing a full physical inventory count all at once.

• It helps in identifying discrepancies in inventory levels, locating missing items, and improving overall inventory accuracy.

• Cycle counting can be done based on A...read more
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Q3. What is the Planogram and Receiving process?
Ans. 
Planogram is a visual representation of how products should be displayed in a retail store. Receiving process involves accepting and recording incoming inventory.
• Planogram is a detailed visual plan or diagram that shows where and how products should be placed on shelves or displays in a retail store.

• It helps ensure that products are displayed in an organized and visually appealing manner to attract customers.

• Receiving ...read more
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Q4. What is accuracy?
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Accuracy refers to the degree of closeness between a measured value and the true value of a quantity.
• Accuracy is the ability of a measurement to match the actual value of the quantity being measured.

• It is often expressed as a percentage or a ratio.

• For example, if a scale is accurate to within 0.1 grams, it means that the measured weight will be within 0.1 grams of the true weight.
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Q5. Your manpower planning
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I regularly assess current and future staffing needs to ensure the right number of employees with the right skills are in place.
• Analyze current workforce demographics and skills

• Forecast future business needs and project staffing requirements

• Develop strategies for recruitment, training, and retention

• Monitor and adjust staffing levels as needed

• Utilize workforce management software for data analysis
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From how many days you are working in the company.what do you do.what experience you have about company.

Q1. Processors related
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Q2. Education and experience
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Q3. B.A & 6 years
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Q1. Qualification check
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Q2. Previous company feedback
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Q1. KPI, conversion, profile and loss
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Q2. Asking questions Family details
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Q3. Current profile working
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Discussed with inventory management

Q1. For salary discussion
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Q2. For all process
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