Shapoorji Pallonji Group Store Incharge Interview Questions and Answers

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