Store & Dispatch Executive
Store & Dispatch Executive Interview Questions and Answers
Q1. What is the inventory management?
Inventory management is the process of overseeing and controlling the flow of goods from production to storage to sale.
It involves tracking inventory levels, ordering and replenishing stock, and managing stock movement.
Effective inventory management ensures optimal stock levels, minimizes stockouts and overstocking, and reduces costs.
Inventory management systems and software are used to automate and streamline the process.
Examples of inventory management techniques include AB...read more
Q2. What is inventory ?
Inventory refers to the stock of goods or materials that a company holds for production, sales, or distribution purposes.
Inventory includes both raw materials and finished goods.
It is an essential part of supply chain management.
Inventory management involves tracking, controlling, and optimizing inventory levels.
Inventory can be categorized as perishable, non-perishable, or seasonal.
Examples of inventory include clothing in a retail store, spare parts in an automobile factory...read more
Q3. How to maintain fifo
Maintaining FIFO (First In, First Out) ensures that oldest stock is used first to prevent expiry or obsolescence.
Label shelves with dates to easily identify oldest stock
Regularly rotate stock to bring older items to the front
Train staff on FIFO principles to ensure compliance
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