suzuki motor gujarat Interview Questions, Process, and Tips

MRP stands for Material Requirements Planning.

• MRP is a system used to manage and plan the production and inventory of materials.

• It helps in determining the quantity and timing of materials needed for production.

• MRP takes into account factors like lead time, demand, and inventory levels.

• It ensures that materials are available when needed, minimizing stockouts and excess inventory.

• MRP software often integrates with other...read more

I maintain inventory by using a combination of inventory management software, regular stock checks, and forecasting techniques.

• Use inventory management software to track stock levels, sales, and reordering

• Conduct regular stock checks to ensure accuracy and identify any discrepancies

• Implement forecasting techniques to anticipate demand and adjust inventory levels accordingly

• Collaborate with suppliers to maintain a stead...read more

BOM maintenance involves updating and managing the Bill of Materials for products.

• Regularly review and update the BOM to reflect any changes in product components or specifications.

• Ensure accurate documentation of all parts, quantities, and costs in the BOM.

• Coordinate with suppliers to obtain updated information on component availability and pricing.

• Implement a version control system to track changes and revisions to t...read more

Inventory targets are the desired levels of inventory that a company aims to maintain. Minimum inventory is the lowest level required to meet demand, while maximum inventory is the highest level that can be held without incurring excessive costs.

• Inventory targets are set to ensure that there is enough stock to meet customer demand.

• Minimum inventory is determined by analyzing historical sales data and forecasting future...read more

Perpetual inventory is a system that continuously tracks and updates inventory levels in real-time.

• Perpetual inventory provides a real-time view of inventory levels, allowing businesses to make informed decisions.

• It involves using technology, such as barcode scanners or RFID tags, to track inventory movement.

• The system automatically updates inventory records as goods are received, sold, or moved within the organization...read more