how to panning store materials ...?

Question

Accepted Answer

Store materials planning involves forecasting demand, determining inventory levels, and optimizing replenishment strategies.

Analyze historical sales data to identify patterns and trends
Forecast future demand based on market trends, seasonality, and promotions
Determine optimal inventory levels to avoid stockouts or excess inventory
Implement replenishment strategies like just-in-time or economic order quantity
Utilize inventory management software for accurate tracking and reporting
Collaborate with suppliers to ensure timely delivery of materials
Regularly review and adjust the planning process based on changing market conditions

Accepted Answer

i speak as per production planning  and as per minimum maximum stocks.

Popular interview questions of Store Executive