Atom EI Interview Questions and Answers

The process of issuing materials at a site involves verifying the request, checking inventory, preparing the materials, and recording the transaction.

• Verify the request for materials against the site's requirements

• Check the inventory to ensure the materials are available

• Prepare the materials for issue, including packaging and labeling

• Record the transaction in the site's inventory management system

Reconciliation of material involves comparing physical inventory with recorded inventory to ensure accuracy.

• Reconciliation is the process of verifying and adjusting differences between physical inventory and recorded inventory.

• It helps in identifying discrepancies such as theft, damage, or errors in recording.

• Regular reconciliation ensures accurate inventory management and prevents stockouts or overstocking.

• Examples include conducting regular stock counts, comparing sales rec...read more

GRN stands for Goods Receipt Note, which is a document used to confirm the receipt of goods. Gate pass is a document that allows goods to enter or exit a specific location.

• GRN is used to verify the receipt of goods from a supplier.

• Gate pass is issued to allow goods to enter or exit a specific location, such as a warehouse or factory.

• GRN includes details like quantity received, quality of goods, and any discrepancies found.

• Gate pass includes details like the purpose of movemen...read more

Vendor management is the process of overseeing relationships with suppliers to ensure goods and services are delivered on time and meet quality standards.

• Vendor management involves selecting the right vendors based on criteria such as price, quality, and reliability

• It includes negotiating contracts and terms with vendors to ensure favorable terms for the company

• Monitoring vendor performance to ensure they meet agreed-upon service levels

• Resolving any issues or disputes that ma...read more

Inventory refers to the goods and materials a business holds for the purpose of resale or use in production.

• Inventory includes raw materials, work-in-progress, and finished goods.

• It is an important asset on a company's balance sheet.

• Inventory management involves tracking, storing, and replenishing stock.

• Examples of inventory include clothing in a retail store, spare parts in an auto shop, and ingredients in a restaurant.

An invoice is a document sent by a seller to a buyer detailing the products or services provided and the amount due. A PO is a document issued by a buyer to a seller to confirm the purchase of goods or services.

• An invoice is a bill sent by a seller to a buyer after goods or services are provided.

• It includes details such as the quantity, price, and total amount due.

• A PO is a document issued by a buyer to a seller before goods or services are provided.

• It outlines the items to b...read more

MRN stands for Material Receipt Note and indent is a document used to request goods or services.

• MRN is a document used to acknowledge the receipt of materials in a store.

• Indent is a document used to request goods or services from a supplier.

• MRN helps in tracking the materials received and verifying them against the purchase order.

• Indent helps in ensuring that the required goods or services are procured in a timely manner.

• Both MRN and indent are important documents in the inve...read more