Shankaranarayana Constructions Store Executive Interview Questions and Answers

Rolling margin is the difference between the cost of goods sold and the selling price of goods, expressed as a percentage.

• Rolling margin helps determine the profitability of a product or service.

• It is calculated by subtracting the cost of goods sold from the selling price, then dividing by the selling price and multiplying by 100.

• For example, if a product sells for $100 and the cost of goods sold is $60, the rolling ma

Developing a new system involves identifying requirements, designing, testing, and implementing the system.

• Identify the requirements of the system

• Design the system architecture and components

• Test the system thoroughly to ensure it meets the requirements

• Implement the system and monitor its performance

• Continuously improve the system based on feedback and changing requirements

A supply chain is a network of organizations involved in the process of producing and delivering a product or service to the end customer.

• Involves all stages from raw material sourcing to final delivery

• Includes suppliers, manufacturers, distributors, retailers, and customers

• Focuses on efficiency, cost-effectiveness, and customer satisfaction

Effective methods to control inventory include implementing inventory management software, conducting regular audits, setting reorder points, and utilizing just-in-time inventory.

• Implementing inventory management software to track stock levels and streamline ordering processes

• Conducting regular audits to identify discrepancies and prevent stockouts or overstocking

• Setting reorder points to automatically replenish invent...read more

Implementing strategies like ABC analysis, just-in-time inventory, and regular inventory audits can help reduce non-moving inventory.

• Conduct an ABC analysis to categorize inventory based on value and prioritize management efforts.

• Implement just-in-time inventory practices to reduce excess stock and minimize non-moving inventory.

• Regularly review and update inventory levels to prevent overstocking and identify slow-movin...read more

To maintain a store, it is important to organize inventory, implement proper storage techniques, conduct regular stock checks, and ensure cleanliness.

• Organize inventory by categorizing items and using proper labeling

• Implement proper storage techniques such as using shelves, racks, and bins

• Conduct regular stock checks to track inventory levels and identify any discrepancies

• Ensure cleanliness by regularly cleaning the st...read more