Spare Part Manager Interview Questions and Answers for Freshers

Maintaining stock, selling dead stock, and increasing sales in spare parts management.

• To maintain stock, implement a robust inventory management system that tracks stock levels, reorder points, and lead times.

• Regularly conduct stock audits to identify excess or obsolete inventory.

• Implement a first-in, first-out (FIFO) system to ensure older stock is sold first.

• To sell dead stock, consider offering discounts, bundling with popular items, or promoting through targeted marketing...read more

Category stock refers to the inventory of spare parts that are grouped together based on their similarities or common characteristics.

• Category stock is a way of organizing spare parts inventory to improve efficiency and accessibility.

• It involves grouping spare parts based on their function, type, or usage.

• For example, a category stock for an automotive spare parts manager could include categories like engine components, electrical parts, or body parts.

• By categorizing the stoc...read more

To maintain stock, it is important to establish accurate inventory levels, implement a robust tracking system, analyze demand patterns, and establish effective reorder points.

• Establish accurate inventory levels by conducting regular stock counts and reconciling with sales and purchase records.

• Implement a robust tracking system to monitor stock movements, track usage, and identify any discrepancies.

• Analyze demand patterns to forecast future stock requirements and avoid oversto...read more