Senior Procurement Specialist

Senior Procurement Specialist Interview Questions and Answers

Updated 13 Jan 2023

Q1. How to manage Inventory

Ans.

Inventory management involves tracking and controlling inventory levels to ensure optimal stock levels.

  • Establishing inventory goals and objectives

  • Regularly monitoring inventory levels

  • Implementing inventory control systems

  • Forecasting demand and adjusting inventory levels accordingly

  • Conducting regular inventory audits

  • Optimizing inventory turnover

  • Minimizing excess inventory and stockouts

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