TVS Supply Chain Solutions Interview Questions, Process, and Tips

Key performance indicators (KPIs) are measurable values that indicate the success of an organization or individual in achieving their goals.

• KPIs are used to track and evaluate performance against specific objectives or targets.

• They provide a clear and quantifiable measure of progress and success.

• KPIs can vary depending on the industry and specific goals of the organization.

• Examples of KPIs in a warehouse setting could ...read more

Cycle count is a method of inventory auditing where a small portion of inventory is counted on a regular basis.

• Cycle count is an ongoing process that helps maintain accurate inventory records.

• It involves counting a subset of inventory items on a regular basis, rather than conducting a full physical inventory count.

• The subset of items to be counted is typically determined based on factors like value, frequency of moveme...read more

A warehouse is a large storage facility where goods and materials are stored before they are distributed or sold.

• Warehouses are used by businesses to store inventory and manage supply chains.

• They are typically equipped with shelving, pallet racks, and forklifts for efficient storage and retrieval of goods.

• Warehouses can be owned and operated by the company itself or outsourced to third-party logistics providers.

• They pl...read more

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

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

• Group A consists of high-value items that contribute to a significant portion of the inventory value.

• Group B includes moderately important items that have a moderate inventory value.

• Group C comprises low-value items that have a minimal impact on the ...read more

Stock accuracy refers to the degree of precision and correctness in recording and maintaining inventory levels.

• Stock accuracy is crucial for efficient warehouse operations and customer satisfaction.

• It involves ensuring that the recorded inventory matches the actual physical inventory.

• Regular stock counts, cycle counts, and reconciliation processes are used to maintain accuracy.

• Barcode scanning, RFID technology, and inv...read more