Larsen & Toubro Limited Senior Executive - Stores Interview Questions and Answers

Q1. What is stored material?
Ans. 
Stored material refers to any items or products that are kept in a designated storage area for future use or distribution.
• Stored material can include inventory, supplies, equipment, and raw materials.

• Examples of stored material in a retail setting may include clothing, electronics, and household goods.

• Proper organization and labeling of stored material is essential for efficient inventory management.

• Regular inventory c...read more
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Q2. What is stored row material?
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Raw materials are the basic materials used in the production of goods.
• Raw materials are the basic materials used in the production of goods

• Examples include wood, metal, plastic, fabric, chemicals, etc.

• Stored raw materials need to be properly organized and managed to ensure efficient production processes
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Q1. Stores operation
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Q2. What is supply chain
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A supply chain is a network of organizations involved in the process of producing and delivering a product or service to the end customer.
• Involves all stages from raw material sourcing to final delivery

• Includes suppliers, manufacturers, distributors, retailers, and customers

• Focuses on efficiency, cost-effectiveness, and customer satisfaction
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Q3. How to control inventory
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Effective methods to control inventory include implementing inventory management software, conducting regular audits, setting reorder points, and utilizing just-in-time inventory.
• Implementing inventory management software to track stock levels and streamline ordering processes

• Conducting regular audits to identify discrepancies and prevent stockouts or overstocking

• Setting reorder points to automatically replenish invent...read more
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Q4. How to reduce non moving
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Implementing strategies like ABC analysis, just-in-time inventory, and regular inventory audits can help reduce non-moving inventory.
• Conduct an ABC analysis to categorize inventory based on value and prioritize management efforts.

• Implement just-in-time inventory practices to reduce excess stock and minimize non-moving inventory.

• Regularly review and update inventory levels to prevent overstocking and identify slow-movin...read more
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Q5. I we hire you
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Q1. Self introduction.
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Q2. Work experience
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Regarding store management