Illusion Dental Laboratory Stock Executive Interview Questions and Answers

SCM stands for Supply Chain Management. It involves the coordination and management of all activities involved in the production and delivery of goods and services.

• SCM involves the planning, sourcing, manufacturing, and delivery of products or services.

• It aims to optimize the supply chain to reduce costs and improve efficiency.

• SCM includes activities such as inventory management, logistics, and procurement.

• Examples of ...read more

FIFO stands for First-In, First-Out. It is a method of inventory valuation and asset management.

• FIFO assumes that the first items purchased or produced are the first items sold or used.

• This method is commonly used in industries with perishable goods, such as food and beverage.

• FIFO can affect a company's financial statements, such as the balance sheet and income statement.

• It is one of the methods used for cost accountin

Protocols for managing a warehouse include inventory management, safety procedures, and efficient layout design.

• Implement an inventory management system to track stock levels and movement

• Establish safety procedures for handling equipment and materials

• Design an efficient layout to optimize space and workflow

• Train staff on proper warehouse procedures and protocols

• Regularly conduct audits to ensure compliance with protoco