Patanjali Ayurved Store Executive Interview Questions and Answers

Inventory management is the process of overseeing and controlling the flow of goods into and out of a company's inventory.

• Forecasting demand to ensure adequate stock levels

• Monitoring inventory levels to prevent stockouts or overstocking

• Tracking inventory turnover and carrying costs

• Implementing inventory control systems like FIFO or JIT

• Regularly conducting physical inventory counts

I am managing well by prioritizing tasks, delegating responsibilities, and maintaining open communication with my team.

• Prioritizing tasks based on urgency and importance

• Delegating responsibilities to team members based on their strengths and workload

• Maintaining open communication with team members to ensure everyone is on the same page

• Regularly reviewing progress and making adjustments as needed

Excess materials are managed by monitoring inventory levels, identifying surplus items, and implementing strategies to reduce waste.

• Monitor inventory levels regularly to identify excess materials

• Implement strategies such as discounts, promotions, or bulk sales to reduce excess inventory

• Consider donating excess materials to charity or organizations in need

• Utilize just-in-time inventory management to minimize excess stoc...read more