Shypmax Product Manager Interview Questions and Answers

Inventory refers to the stock of goods or materials that a company holds for production or sale.

• Inventory includes raw materials, work-in-progress, and finished goods.

• It is important to manage inventory levels to avoid stockouts or excess inventory.

• Inventory can be tracked using various methods such as FIFO, LIFO, or weighted average.

• Examples of industries that heavily rely on inventory management include retail, manuf