Hpl Electric & Power Store Executive Interview Questions and Answers

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

• FIFO is a method used to ensure that the oldest inventory items are used or sold first.

• It helps in reducing the risk of inventory obsolescence.

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

• For example, in a grocery store, products with the earliest expiration dates ar

Yes, SAP T Codes are transaction codes used in SAP systems to execute specific functions or tasks.

• SAP T Codes are shortcuts to access specific transactions in SAP systems.

• They are alphanumeric codes that represent a specific task or function.

• For example, T Code 'MM01' is used to create a material master record in SAP MM module.

• Users can enter T Codes in the command field to quickly navigate to a specific transaction.