Fort Gloster Industries Store Officer Interview Questions and Answers

FIFO stands for First In, First Out. It is a method of organizing and manipulating data structures where the first item added is the first one to be removed.

• FIFO is commonly used in inventory management to ensure that the oldest stock is sold or used first.

• It is also used in queue data structures, where the first item added is the first one to be processed.

• FIFO can be visualized as a line of people waiting for a servic...read more

SAP is an enterprise resource planning software that helps businesses manage their operations and resources.

• SAP stands for Systems, Applications, and Products in Data Processing.

• It is a software suite that integrates various business functions such as finance, sales, procurement, and production.

• SAP provides real-time data and analytics to support decision-making.

• It helps streamline processes, improve efficiency, and en...read more

GRN stands for Goods Receipt Note. It is a document used to record the receipt of goods from a supplier.

• GRN is an important part of the inventory management process.

• It includes details such as the quantity, quality, and condition of the received goods.

• GRN helps in verifying the accuracy of the delivered goods and resolving any discrepancies.

• It is used to update the inventory records and initiate the payment process.

• Exa...read more

NRGP stands for Non-Residential Gas Price. It is the price of natural gas for non-residential customers.

• NRGP is the price of natural gas for non-residential customers

• It is different from the price of natural gas for residential customers

• NRGP is determined by various factors such as supply and demand, weather conditions, and market trends

FIFO stands for First In, First Out. It is a method used for inventory management where the oldest stock is sold first.

• FIFO ensures that the oldest inventory items are used or sold first

• It is commonly used in industries like retail, food, and manufacturing

• Helps in reducing the risk of inventory obsolescence

• Example: If a store has 10 units of a product with FIFO, the first 5 units purchased will be sold before the next

SAP stands for Systems, Applications, and Products in Data Processing. It is a software used by companies for managing business operations.

• SAP is a software used by companies for various business operations such as finance, HR, sales, and supply chain management.

• It helps in integrating different departments within an organization and streamlining processes.

• SAP offers modules like SAP ERP, SAP CRM, SAP SCM, and SAP SRM ...read more