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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...
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
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Store management involves organizing, overseeing, and coordinating all activities related to the store's operations.
Maintain accurate inventory records to track stock levels and reorder supplies as needed
Implement efficient storage and shelving systems to maximize space and ease of access
Train and supervise store staff to ensure smooth operations and excellent customer service
Monitor sales trends and customer preferenc...
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Tire pressure monitoring is crucial for vehicle safety and fuel efficiency.
Regularly check tire pressure using a tire pressure gauge
Use a tire pressure monitoring system (TPMS) to alert you of any changes in pressure
Underinflated tires can lead to decreased fuel efficiency and increased risk of accidents
Overinflated tires can lead to uneven wear and decreased tire lifespan
I applied via Company Website and was interviewed in Jul 2022. There were 2 interview rounds.
I applied via Approached by Company and was interviewed in Jun 2022. There were 2 interview rounds.
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I applied via Naukri.com and was interviewed in Apr 2023. There were 2 interview rounds.
Store management involves organizing, overseeing, and coordinating all activities related to the store's operations.
Maintain accurate inventory records to track stock levels and reorder supplies as needed
Implement efficient storage and shelving systems to maximize space and ease of access
Train and supervise store staff to ensure smooth operations and excellent customer service
Monitor sales trends and customer preferenc...
Pharmacist
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Operations Manager
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salaries
| ₹7.2 L/yr - ₹9 L/yr |
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