SEABIRD LOGISOLUTIONS Store Keeper Interview Questions and Answers

FIFO stands for First In First Out, a method of inventory management where the oldest stock is sold or used first.

• FIFO is commonly used in industries where perishable goods are involved, such as food and pharmaceuticals.

• It ensures that the oldest stock is used first, reducing the risk of spoilage or expiration.

• FIFO is also used in accounting to calculate the cost of goods sold.

• It is the opposite of LIFO (Last In First

Yes, I have worked on SAP.

• I have experience using SAP for inventory management and procurement.

• I am familiar with creating purchase orders and tracking deliveries through SAP.

• I have also used SAP for generating reports on inventory levels and stock movements.