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JIT systems stands for Just-In-Time systems, which is a production strategy aimed at reducing waste and improving efficiency by receiving goods only as they are needed in the production process.
JIT systems involve receiving goods only as they are needed in the production process
Helps in reducing inventory costs and waste
Requires close coordination with suppliers to ensure timely delivery of materials
Popularized by comp
FIFO stands for First In, First Out. It is a method used for inventory management where the oldest stock is sold first.
FIFO ensures that the oldest inventory items are used or sold first before the newer ones.
This method is commonly used in industries like retail, food, and manufacturing.
For example, if a store receives new stock of a product, the older stock will be sold first to prevent expiration or obsolescence.
I applied via Naukri.com and was interviewed before Jun 2020. There were 3 interview rounds.
I applied via Naukri.com and was interviewed in Aug 2024. There were 2 interview rounds.
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I applied via Approached by Company and was interviewed before Jan 2022. There were 3 interview rounds.
I applied via Approached by Company and was interviewed before Dec 2023. There was 1 interview round.
Questions related to problem-solving and Excel-based scenarios.
I applied via Referral and was interviewed before Dec 2022. There were 5 interview rounds.
Practical things discussion
The ideal split of acquisition channels depends on the target audience and budget.
The split should be based on the channels that have the highest ROI.
The target audience should be considered when deciding on the channels.
The budget should also be taken into account.
Examples of acquisition channels include social media, email marketing, SEO, PPC, and referral marketing.
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| ₹0.6 L/yr - ₹6.4 L/yr |
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