How much experience do you have in inventory management?

Question

Accepted Answer

I implement strategies to optimize inventory levels, reduce costs, and ensure product availability through effective management techniques.

Utilize inventory management software to track stock levels in real-time.
Implement just-in-time (JIT) inventory to reduce holding costs, as seen in automotive industries.
Conduct regular audits to identify slow-moving items and adjust purchasing accordingly.
Establish strong relationships with suppliers for better negotiation and timely deliveries.
Analyze sales data to forecast demand and adjust inventory levels proactively.

Accepted Answer

Inventory management called stock received and utilize for sale and proper display that highlights to guest, and order required stock which are first moving and top picked.

Accepted Answer

Maintaining the right amount of inventory prevents selling out of items and upsetting customers or over-ordering and having overstock that costs money. Businesses that don't manage inventory effectively face several risks, a big one being poor application of financial resources.

*Inventory management is the entire process of managing inventories from raw materials to finished products.
*Inventory management tries to efficienty streamline inventories to avoid both gluts and storages.
*Four major inventory management method's include
  . Just-in-time management (JIT)
  . materials requirement planing (MRP)
  . economic order quantity (EOQ)
  . Days sale's of inventory (DSI)
there are pros and cons to each of the methods, reviewed below.

.

Accepted Answer

My self Shani Gaur  i'm from kanpur. I am a postgraduate from kanpur University. My work experience. I do 13 years in Domino's Pizza.
 as a restaurant manager. Currently, I join Wow pizza and  Burger as a restaurant manager.

Accepted Answer

Inventry managment is a process in which we do ordering , storing , and seling the goods and sercice  In this Mangment we hace to follow some importtant points ,which are tepreture ,fifo,hygiene etc .

Asked in Instamart and 7 others

How much experience do you have in inventory management?

Interview Questions from Popular Companies