FITSO Manager Interview Questions and Answers

Q1. Do you have good supplier base?
Ans. 
Yes, we have a strong supplier base with diverse options.
• We have established relationships with reliable suppliers.

• We regularly evaluate and add new suppliers to ensure competitive pricing and quality.

• Our supplier base includes both domestic and international options.

• We have contingency plans in place in case of supplier disruptions.

• For example, we recently added a new supplier for raw materials to diversify our option
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Q2. What is the current price idea of steel?
Ans. 
The current price of steel varies depending on the type and location.
• Steel prices are influenced by factors such as supply and demand, production costs, and global economic conditions.

• The price of steel can range from $500 to $1,500 per ton depending on the type and location.

• For example, hot-rolled coil (HRC) steel prices in the US are currently around $1,200 per ton, while in China they are around $500 per ton.

• Steel p...read more
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Regarding the analytical test

To know the reason any hurdles to come to join the positions

Q1. How to manage the Scrap sale out
Ans. 
To manage scrap sale out, track inventory, set up a system for categorizing scrap, establish relationships with buyers, and regularly review and adjust pricing.
• Track inventory of scrap materials to ensure accurate records

• Set up a system for categorizing different types of scrap for easier sale

• Establish relationships with buyers who purchase scrap materials

• Regularly review and adjust pricing based on market trends and d...read more
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Q2. How to manage the obsolete inventory
Ans. 
To manage obsolete inventory, conduct regular inventory audits, identify slow-moving items, offer discounts or promotions, and consider liquidation or donation options.
• Conduct regular inventory audits to identify obsolete items

• Identify slow-moving items and consider offering discounts or promotions to sell them

• Consider liquidation or donation options for items that cannot be sold

• Implement a system to track inventory tu
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Q3. How to manage the contractors Inventory
Ans. 
Manage contractors inventory by implementing efficient tracking systems and regular audits.
• Implement a robust inventory management system to track all items in stock.

• Conduct regular audits to ensure accuracy of inventory levels and identify any discrepancies.

• Establish clear communication channels with contractors to coordinate inventory needs and updates.

• Utilize technology such as barcode scanners or inventory manageme...read more
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Q4. How to manage the team disconnection and dissatisfaction if arise
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Q1. Are you ready for relocation
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Q2. Overtime possible
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Q1. Basic information
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Q2. Background like current job and family
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Q1. What will you do if a boy is on planned leave?
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Q2. I will try to make a request to the one who has off week off.
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Q1. What is the FIFO LIFO & etc.
Ans. 
FIFO and LIFO are inventory management methods. FIFO means First-In-First-Out and LIFO means Last-In-First-Out.
• FIFO assumes that the first items purchased are the first items sold, while LIFO assumes that the last items purchased are the first items sold.

• FIFO is commonly used in industries where perishable goods are sold, while LIFO is commonly used in industries where the cost of goods sold is increasing over time.

• Oth...read more
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Q2. FIFO means FAST IN FAST OUT
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