Panasonic Life Solutions India Production Planning Control Engineer Interview Questions and Answers

Various techniques for inventory management optimize stock levels, reduce costs, and improve efficiency in production processes.

• Just-In-Time (JIT): Reduces inventory holding costs by receiving goods only as needed. Example: Toyota's production system.

• Economic Order Quantity (EOQ): Calculates the optimal order quantity to minimize total inventory costs. Example: A retailer using EOQ to manage stock.

• ABC Analysis: Categor...read more

A strategic approach to production planning and control optimizes resources, aligns production with demand, and enhances efficiency.

• Define clear production goals aligned with business objectives, such as increasing market share or reducing lead times.

• Implement demand forecasting techniques, like historical sales data analysis, to anticipate customer needs and adjust production schedules accordingly.

• Utilize inventory ma...read more

I am drawn to Anchor Panasonic for its innovation, commitment to quality, and opportunities for professional growth in production planning.

• Anchor Panasonic's reputation for cutting-edge technology aligns with my passion for innovation in production processes.

• The company's commitment to sustainability resonates with my values, as I believe in creating efficient and eco-friendly manufacturing solutions.

• I am excited about...read more

Experienced Production Planning Control Engineer with a strong background in optimizing manufacturing processes and supply chain management.

• Over 5 years of experience in production planning and inventory management.

• Successfully implemented a new ERP system that reduced lead times by 20%.

• Collaborated with cross-functional teams to streamline operations and improve efficiency.

• Proficient in data analysis and forecasting t...read more

FIFO (First In, First Out) and LIFO (Last In, First Out) are inventory management methods determining the order of item usage.

• FIFO: Items are used in the order they are received. Example: Grocery stores use FIFO to sell older stock first.

• LIFO: The most recently received items are used first. Example: In a warehouse, the latest stock is picked for shipping.

• FIFO is beneficial for perishable goods to minimize waste.

• LIFO c...read more