O2 Power Interview Questions and Answers

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 restauran

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 fo...read more

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

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...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 mann...read more

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 in...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-u...read more

The maximum capacity executed at a time is determined by the resources available and the efficiency of the processes.

• Consider the physical space available for operations

• Evaluate the number of staff members and their skills

• Assess the efficiency of equipment and technology used

• Take into account any limitations or bottlenecks in the workflow

• Example: A restaurant may have a maximum capacity of 100 customers at a time based...read more