TVS Supply Chain Solutions Assistant Officer Interview Questions and Answers

A warehouse is a large storage facility used to store goods and materials.

• Warehouses are typically used by businesses to store inventory and supplies.

• They are designed to efficiently store and organize items for easy retrieval.

• Warehouses often have loading docks for receiving and shipping goods.

• They may also have specialized storage areas for perishable or hazardous materials.

• Warehouse management systems are used to tr...read more

Cycle count is a method of inventory management where a subset of inventory is counted on a regular basis to ensure accuracy.

• Cycle count is an ongoing process that involves counting a portion of inventory on a regular basis.

• It is used to verify the accuracy of inventory records and identify any discrepancies.

• Cycle counts can be performed on different subsets of inventory, such as specific products, locations, or catego...read more

ABC analysis is a technique used in inventory management to categorize items based on their importance and value.

• ABC analysis categorizes items into three groups: A, B, and C.

• Group A items are the most important and valuable, requiring close monitoring and control.

• Group B items are moderately important and valuable, requiring regular monitoring.

• Group C items are the least important and valuable, requiring minimal monit...read more

The percentage of stock accuracy refers to the level of accuracy in maintaining and tracking stock inventory.

• Stock accuracy is crucial for efficient inventory management.

• It is measured by comparing the physical stock count with the recorded stock count.

• A high percentage of stock accuracy indicates effective inventory control.

• Factors like theft, errors in recording, and misplaced items can affect stock accuracy.

• Regular ...read more

Key Performance Indicator (KPI) is a measurable value that demonstrates how effectively an individual or organization is achieving key objectives.

• KPIs are used to evaluate performance and progress towards goals.

• They provide a clear and quantifiable way to measure success.

• KPIs can be financial, operational, or related to customer satisfaction, employee performance, or other areas.

• Examples of KPIs include revenue growth ...read more