Escorts Kubota Limited Associate Buyer Interview Questions and Answers

Inventory control is the process of managing and overseeing the ordering, storage, and usage of a company's inventory.

• It involves tracking inventory levels, forecasting demand, and ensuring efficient use of resources.

• Inventory control helps prevent stockouts, reduce carrying costs, and optimize inventory turnover.

• Examples include implementing barcode systems, setting reorder points, and conducting regular inventory aud

Material handling involves the movement, protection, storage, and control of materials throughout the manufacturing, distribution, consumption, and disposal stages.

• Involves the movement of materials from one location to another

• Includes activities such as loading, unloading, storing, and transporting materials

• Focuses on maximizing efficiency and minimizing costs in the handling process

• Utilizes equipment like forklifts, ...read more

Manpower can be effectively handled by proper planning, communication, training, and motivation.

• Create a detailed manpower plan based on workload and skill requirements

• Communicate clearly with employees about their roles, responsibilities, and expectations

• Provide regular training and development opportunities to enhance skills and knowledge

• Motivate employees through recognition, rewards, and a positive work environment

• ...read more

Material handling equipment refers to tools and machinery used to move, protect, store, and control materials throughout the manufacturing process.

• Includes equipment like forklifts, conveyors, pallet jacks, and cranes

• Improves efficiency and safety in handling materials

• Reduces manual labor and potential for injuries

• Essential for warehouses, distribution centers, and manufacturing facilities

FIFO stands for First In, First Out. GRN stands for Goods Receipt Note. SAP is an enterprise resource planning software. Shortage refers to a deficiency in inventory.

• FIFO is a method of inventory management where the first items purchased are the first ones sold or used.

• GRN is a document used to confirm the receipt of goods from a supplier.

• SAP is a software system used by companies for managing various aspects of their...read more

The major cost driver in wiring harness is the cost of raw materials, labor, and complexity of the design.

• Cost of raw materials such as copper wires and connectors

• Labor costs for assembly and installation

• Complexity of the design impacting production time and skill level required

• Volume of production affecting economies of scale