Tirumala Milk Products Senior Executive - Stores Interview Questions and Answers

Knowledge of work refers to the understanding and expertise in the specific tasks, processes, and responsibilities related to the job.

• Knowledge of work includes understanding the company's products, services, and operations.

• It involves familiarity with the store's inventory management system and procedures.

• Knowledge of work also encompasses understanding customer service principles and sales techniques.

• It includes know...read more

Inventory refers to the stock of goods or materials that a company holds for production, sales, or distribution purposes.

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

• It is an essential part of supply chain management and helps in meeting customer demand.

• Inventory management involves tracking stock levels, replenishing items, and minimizing costs.

• Examples of inventory include merchandise ...read more

There are several types of inventory, including raw materials, work-in-progress, finished goods, and MRO inventory.

• Raw materials: These are the basic materials used in production, such as wood, metal, or chemicals.

• Work-in-progress: This inventory includes partially completed products that are still being worked on.

• Finished goods: These are the final products ready for sale or distribution.

• MRO inventory: Stands for Main...read more

Perpetual inventory is a system of tracking and managing inventory in real-time, providing accurate and up-to-date information.

• Perpetual inventory involves continuously monitoring and recording inventory levels.

• It uses technology such as barcode scanners and RFID tags to track inventory movements.

• Real-time updates are made to the inventory system whenever a product is bought, sold, or moved.

• It helps in reducing stockou...read more

A pivot table is a data summarization tool used in spreadsheet programs to organize and analyze large amounts of data.

• A pivot table allows users to rearrange and summarize data from a spreadsheet or database.

• It provides a way to group, sort, filter, and calculate data based on different criteria.

• Pivot tables are commonly used in data analysis and reporting to quickly summarize and visualize data.

• For example, a sales te...read more

Managing a store involves overseeing inventory, staff, customer service, and operations to ensure smooth functioning and profitability.

• Implement efficient inventory management practices to avoid stockouts and overstocking

• Train and motivate staff to provide excellent customer service

• Analyze sales data to make informed decisions on product assortment and pricing

• Maintain a clean and organized store layout to enhance custo...read more