British Petroleum Project Coordinator Interview Questions and Answers

ABC classification is a method of categorizing inventory based on its value and importance.

• ABC classification involves dividing inventory into three categories: A, B, and C.

• Category A items are high-value and high-priority, while category C items are low-value and low-priority.

• The store should be organized so that category A items are easily accessible and well-stocked, while category C items can be stored in less acce...read more

FIFO system ensures first-in, first-out inventory management in warehouses.

• FIFO system is a method of inventory management where the oldest stock is sold or used first.

• This ensures that the stock does not expire or become obsolete.

• It also helps in reducing the risk of stock becoming damaged or lost.

• FIFO system is commonly used in industries such as food, pharmaceuticals, and electronics.

• It requires proper tracking and ...read more

A date stamp is used to track the first in, first out (FIFO) inventory method.

• Mantan FIFO is a method of inventory management where the oldest stock is sold or used first.

• A date stamp is used to track the age of inventory and ensure that the oldest stock is used first.

• This helps prevent spoilage or expiration of products and ensures that inventory turnover is optimized.

Maintaining min-max inventory levels ensures optimal stock levels for efficient operations.

• Determine the minimum and maximum inventory levels for each product

• Monitor inventory levels regularly to ensure they stay within the set range

• Reorder products when inventory levels reach the minimum level

• Adjust inventory levels based on demand and seasonality

• Use inventory management software to track inventory levels and generate