Primasoft Inc Interview Questions and Answers

Key Performance Indicator (KPI) is a measurable value that demonstrates how effectively an individual or organization is achieving key objectives.

• KPIs are used to evaluate performance and progress towards goals.

• They provide a clear and quantifiable way to measure success.

• KPIs can be financial, operational, or related to customer satisfaction, employee performance, or other areas.

• Examples of KPIs include revenue growth rate, customer retention rate, employee productivity, and ...read more

The percentage of stock accuracy refers to the level of accuracy in maintaining and tracking stock inventory.

• Stock accuracy is crucial for efficient inventory management.

• It is measured by comparing the physical stock count with the recorded stock count.

• A high percentage of stock accuracy indicates effective inventory control.

• Factors like theft, errors in recording, and misplaced items can affect stock accuracy.

• Regular stock audits and proper documentation help improve stock a...read more

A warehouse is a large storage facility used to store goods and materials.

• Warehouses are typically used by businesses to store inventory and supplies.

• They are designed to efficiently store and organize items for easy retrieval.

• Warehouses often have loading docks for receiving and shipping goods.

• They may also have specialized storage areas for perishable or hazardous materials.

• Warehouse management systems are used to track and manage inventory levels.

• Examples of warehouses inc...read more

Warehouse operation involves managing inventory, storage, picking, packing, and shipping of goods.

• Inventory management is crucial to ensure stock levels are maintained and orders can be fulfilled.

• Efficient storage organization helps in maximizing space utilization and easy access to products.

• Picking involves selecting items from inventory to fulfill orders accurately and quickly.

• Packing ensures items are properly packaged for safe transportation to customers.

• Shipping involves...read more

ABC analysis is a technique used in inventory management to categorize items based on their importance and value.

• ABC analysis categorizes items into three groups: A, B, and C.

• Group A items are the most important and valuable, requiring close monitoring and control.

• Group B items are moderately important and valuable, requiring regular monitoring.

• Group C items are the least important and valuable, requiring minimal monitoring.

• ABC analysis helps in prioritizing inventory managem...read more