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Inventory carrying cost refers to the total cost of holding inventory, impacting cash flow and profitability.
Includes costs like storage, insurance, and depreciation.
For example, a retailer may spend 20% of inventory value annually on carrying costs.
High carrying costs can lead to reduced cash flow, affecting operational flexibility.
Excess inventory can lead to obsolescence, especially in fast-moving industries li...
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 an...
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 overstock...
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
Yes, I am flexible to relocate to Greater Noida.
I am open to relocating for the right opportunity.
I have relocated for previous jobs and have had positive experiences.
I am excited about the prospect of working in Greater Noida and exploring new opportunities there.
Yes, I am comfortable with Greater Noida location.
I have previous experience working in Greater Noida.
I have researched the area and feel comfortable with the location.
I am willing to relocate if necessary.
Factors included in product costing include materials, labor, overhead, and profit margin.
Materials: Cost of raw materials used in production
Labor: Cost of labor required to manufacture the product
Overhead: Indirect costs such as utilities, rent, and depreciation
Profit Margin: Amount added to cover company's profit
Example: If a company produces a chair, factors like wood for materials, labor for assembly, factory ...
An engine is a machine that converts energy into mechanical force to perform work.
An engine typically consists of various components such as cylinders, pistons, valves, and a fuel system.
It works by burning fuel (such as gasoline or diesel) in the cylinders, which creates high-pressure gases.
The force generated by the combustion process pushes the pistons down, which in turn rotates the crankshaft.
The rotation of ...
To improve shop floor work atmosphere, I would focus on communication, team building, and recognition.
Implement regular team meetings to address any issues and improve communication
Encourage team building activities to foster a sense of camaraderie among employees
Recognize and reward employees for their hard work and achievements
Provide opportunities for professional development and training to enhance skills and ...
I would immediately investigate the issue, gather relevant information, and initiate a dialogue with the involved parties to understand the root cause.
Investigate the issue thoroughly to understand the facts and context
Gather relevant information such as statements, documents, and evidence
Initiate a dialogue with the parties involved to understand their perspectives and concerns
Identify the root cause of the issue...
I applied via Company Website and was interviewed in Sep 2024. There were 2 interview rounds.
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...
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
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
I appeared for an interview in Mar 2025, where I was asked the following questions.
30 years of experience in the Indian Army is invaluable, offering extensive skills in leadership, safety, and crisis management.
Leadership: Commanding troops in high-pressure situations, ensuring safety protocols are followed.
Risk Management: Assessing and mitigating risks in diverse environments, from combat zones to disaster relief.
Training: Conducting safety drills and training programs for personnel, enhancing over...
Inquiring about the company's safety culture and future initiatives shows my commitment to safety and continuous improvement.
What safety training programs do you currently have in place for employees?
Can you describe the company's approach to incident reporting and investigation?
How does the organization prioritize safety in its overall business strategy?
Are there any upcoming safety initiatives or projects that I coul...
I appeared for an interview in Apr 2025, where I was asked the following questions.
The previous company fostered a collaborative and innovative culture, prioritizing teamwork and employee development.
Team Collaboration: Regular team meetings and brainstorming sessions encouraged open communication and idea sharing, leading to innovative solutions.
Employee Development: The company offered training programs and workshops, such as sales techniques and product knowledge, to enhance employee skills.
Recogn...
I hold a degree in Business Administration, which equipped me with essential sales and marketing skills for this role.
Bachelor's degree in Business Administration with a focus on Marketing.
Completed coursework in Sales Management and Consumer Behavior.
Participated in a sales internship where I exceeded sales targets by 20%.
Attended workshops on negotiation skills and effective communication.
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...
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
I appeared for an interview in Oct 2024, where I was asked the following questions.
Stores play a crucial role in supply chain management by facilitating inventory management, customer service, and distribution.
Inventory Management: Stores manage stock levels to ensure product availability, reducing stockouts and excess inventory.
Customer Service: Stores provide a direct point of contact for customers, enhancing satisfaction through personalized service.
Distribution Hub: Stores act as distribution cen...
Inventory carrying cost refers to the total cost of holding inventory, impacting cash flow and profitability.
Includes costs like storage, insurance, and depreciation.
For example, a retailer may spend 20% of inventory value annually on carrying costs.
High carrying costs can lead to reduced cash flow, affecting operational flexibility.
Excess inventory can lead to obsolescence, especially in fast-moving industries like fa...
I appeared for an interview in Sep 2024, where I was asked the following questions.
I seek new challenges and opportunities for growth that align with my career goals and values.
Desire for professional growth: I want to expand my skills and take on more responsibilities.
Seeking a better cultural fit: I believe the values of your organization align more closely with my own.
Looking for new challenges: I thrive in dynamic environments and want to tackle new projects.
Desire for career advancement: I aim t...
I am seeking a competitive hike that reflects my skills, experience, and the value I bring to the team.
Consider industry standards: Research average salary hikes in my field to set a realistic expectation.
Evaluate my contributions: Highlight specific achievements, such as increasing sales by 20% in the last quarter.
Discuss career growth: Emphasize my commitment to professional development and how it benefits the compan...
Moderate questions easily available on internet
Our team is responsible for delivering high-quality demonstrations and ensuring effective communication with stakeholders.
Conducting product demonstrations to showcase features and benefits to potential clients.
Collaborating with sales and marketing teams to align demonstration strategies with business goals.
Gathering feedback from demonstrations to improve product offerings and user experience.
Training team members on...
Driving is the force or energy that pushes electrical current through a circuit.
Driving in electrical terms refers to the voltage source that pushes current through a circuit
It can be a battery, generator, or power supply
Driving force is necessary for the flow of electrons in a circuit
MCB stands for Miniature Circuit Breaker, a type of electrical switch that automatically shuts off the electrical circuit during abnormal conditions.
MCB is used to protect electrical circuits from overloads and short circuits.
It is more sensitive and faster acting than traditional fuses.
MCBs come in different ratings such as 6A, 10A, 16A, etc.
Example: If there is a short circuit in a circuit protected by an MCB, the MC...
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The duration of Honda India Power Products interview process can vary, but typically it takes about less than 2 weeks to complete.
based on 31 interview experiences
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Engineer
65
salaries
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Assistant Manager
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Senior Engineer
36
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| ₹7.5 L/yr - ₹12.5 L/yr |
Senior Executive
23
salaries
| ₹7 L/yr - ₹10 L/yr |
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