Netmeds.com Senior Executive Officer Interview Questions and Answers for Experienced

Reducing delivery time can be achieved by optimizing the supply chain, improving communication, and automating processes.

• Analyze the supply chain and identify bottlenecks

• Implement automation tools to streamline processes

• Improve communication between departments and with customers

• Use data analytics to forecast demand and plan accordingly

• Consider outsourcing or partnering with third-party logistics providers

• Invest in tec...read more

To understand the supply of restaurants in a particular area of a city, we can use various methods.

• Collect data from online directories like Yelp, Zomato, etc.

• Conduct surveys to gather information about the number of restaurants in the area.

• Analyze the population density and demographics of the area to estimate the demand for restaurants.

• Check the number of restaurant permits issued by the local government.

• Use GIS mapp...read more

The golden principle of accounting is the principle of double entry.

• The principle of double entry states that for every debit entry, there must be a corresponding credit entry of equal amount.

• This principle ensures that the accounting equation (Assets = Liabilities + Equity) remains in balance.

• It helps in maintaining accurate and reliable financial records.

• Example: If a company purchases inventory for $1,000, there wil...read more