Tata Motors Manager Interview Questions and Answers for Experienced

Inventory control Plan

Q1. What is FIFO and process
Ans. 
FIFO stands for First In, First Out and is a process used to manage inventory or data where the first items received are the first to be used or processed.
• FIFO is commonly used in inventory management to ensure that older stock is used before newer stock.

• In computing, FIFO is a method for organizing and manipulating data queues, where the oldest entry is processed first.

• FIFO can also refer to a scheduling algorithm in ...read more
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Q2. First In First Issue
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Q3. What ABC analyses
Ans. 
ABC analysis is a method used for categorizing items based on their importance.
• ABC analysis categorizes items into three groups: A (most important), B (moderately important), and C (least important).

• It helps in prioritizing resources and efforts based on the importance of items.

• For example, in inventory management, high-value items may be categorized as A, while low-value items as C.
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Q4. It is use for material type, A-High Value, B- Midale, C- low value parts
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