Silver Streak Multi Specialty Hospital Interview Questions, Process, and Tips

LIFO and FIFO are inventory management methods. LIFO stands for Last In, First Out and FIFO stands for First In, First Out.

• LIFO assumes that the last item added to inventory is the first one sold.

• FIFO assumes that the first item added to inventory is the first one sold.

• LIFO is commonly used in industries where the products have a short shelf life, such as food and beverages.

• FIFO is commonly used in industries where the...read more

Stock inventory can be managed by implementing a systematic approach to tracking and monitoring stock levels.

• Regularly update inventory records

• Set minimum and maximum stock levels

• Use inventory management software

• Conduct regular stock audits

• Implement a first-in, first-out (FIFO) system

• Train staff on proper stock management procedures

Materials can be issued from store to department by following a standard procedure.

• The department should raise a requisition for the required materials.

• The store incharge should verify the availability of the materials in the store.

• If the materials are available, the store incharge should issue the materials to the department.

• The store incharge should maintain a record of the materials issued and update the inventory a

As a store incharge, I can manage the store by ensuring proper inventory management, efficient staff management, and maintaining a clean and organized store.

• Maintain accurate inventory records

• Ensure timely restocking of products

• Train and supervise staff

• Implement effective merchandising strategies

• Maintain a clean and organized store

• Monitor sales and customer feedback

• Implement security measures to prevent theft

• Maintain g