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I applied via Referral and was interviewed in Dec 2022. There was 1 interview round.
Inventory management is the process of overseeing and controlling a company's inventory levels.
It involves tracking inventory levels, ordering new stock, and managing inventory flow.
Effective inventory management can help reduce costs and improve customer satisfaction.
Examples include using inventory software to track stock levels, implementing just-in-time inventory systems, and conducting regular inventory audits.
Monthly inventory can be done by counting and recording all items in stock at the end of each month.
Count all items in stock at the end of each month
Record the count in a spreadsheet or inventory management system
Compare the count to the previous month's count to identify any discrepancies
Investigate any discrepancies and make necessary adjustments to inventory records
Orders are placed with logistics through various channels such as email, phone, or online portals.
Orders are received from customers or sales team
Orders are processed and verified for accuracy
Logistics team is notified of the order and delivery details
Delivery is scheduled and tracked
Proof of delivery is obtained and shared with the customer
I applied via Naukri.com and was interviewed before Aug 2021. There were 3 interview rounds.
I applied via Job Portal and was interviewed before Nov 2020. There were 3 interview rounds.
The accrual system of accounting recognizes revenues and expenses when they are incurred, regardless of cash flow.
Revenues are recorded when earned, not when cash is received. Example: A service is provided in December, but payment is received in January.
Expenses are recorded when incurred, not when paid. Example: A company receives a utility bill in January for December's usage.
This method provides a more accurate fin...
I appeared for an interview in Jan 2025.
I applied via Company Website and was interviewed in Mar 2022. There was 1 interview round.
P2P cycle stands for Procure-to-Pay cycle, which is the process of obtaining and paying for goods and services.
P2P cycle involves requisitioning, purchasing, receiving, and paying for goods or services.
It starts with a purchase requisition, followed by purchase order creation, goods receipt, invoice verification, and ends with payment to the vendor.
The cycle ensures that goods or services are ordered, received, and pai...
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