QLife Pharma Interview Questions, Process, and Tips

Supply chain management is the coordination and management of activities involved in the production and delivery of products and services.

• It involves planning, sourcing, manufacturing, and delivering products to customers.

• It aims to optimize the flow of goods and services, minimize costs, and improve efficiency.

• It involves managing relationships with suppliers, distributors, and customers.

• Examples include inventory man...read more

A purchase order is a document issued by a buyer to a seller, indicating the type, quantity, and agreed price for products or services.

• It is a legal document that serves as a contract between the buyer and seller

• It includes details such as product or service description, quantity, price, delivery date, payment terms, and shipping information

• It is used to track and manage orders, inventory, and payments

• It can be created...read more

Inventory management involves overseeing the flow of goods from manufacturers to warehouses and ultimately to customers.

• It includes forecasting demand and ensuring adequate stock levels

• It involves tracking inventory levels, ordering and receiving goods, and managing stockouts and overstocking

• Effective inventory management can reduce costs and improve customer satisfaction

• Examples of inventory management tools include b...read more

ABC analysis is a method of categorizing items based on their value or importance.

• Items are classified into three categories: A, B, and C.

• Category A items are the most valuable and require the most attention.

• Category C items are the least valuable and require the least attention.

• The analysis helps in inventory management, procurement, and supply chain management.

• Example: A company may use ABC analysis to prioritize its...read more