Honda India Power Products Interview Questions, Process, and Tips

Q1. Stores Main Function
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Q2. FIFO & LIFO difference
Ans. 
FIFO and LIFO are inventory valuation methods used in accounting. FIFO stands for First In, First Out, while LIFO stands for Last In, First Out.
• FIFO assumes that the oldest inventory items are sold first, while LIFO assumes that the newest inventory items are sold first.

• FIFO results in lower cost of goods sold and higher ending inventory in times of rising prices, while LIFO results in higher cost of goods sold and low...read more
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Q1. Why you want to your organization
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I am passionate about the mission and values of the organization and believe in making a positive impact.
• Belief in the organization's mission and values

• Passion for making a positive impact

• Alignment with the organization's goals and objectives
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Q2. Why we select you
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I have a strong background in PCPC and relevant experience in the field.
• Extensive experience in PCPC

• Proven track record of success in similar roles

• Strong knowledge of industry trends and best practices
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Q1. How to maintain Minimax in stores
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Maintaining Minimax in stores involves optimizing inventory levels to minimize costs while ensuring products are always available.
• Regularly monitor inventory levels to identify low stock items

• Implement efficient ordering and restocking processes

• Utilize sales data and forecasting tools to predict demand and adjust inventory levels accordingly

• Train staff on proper inventory management techniques to prevent overstocking o...read more
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Q2. How to maintain FIFO
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Maintaining FIFO (First In, First Out) ensures that older products are used or sold before newer ones.
• Label products with expiration dates

• Rotate products so older ones are used first

• Train staff on FIFO principles

• Regularly check inventory for expired products
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Q1. Why do you want to leave job
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Q1. Time waste in all interviews
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Moderate questions easily available on internet

Q1. Questions about drawing symbols About gears Braking system
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