Inventory control viva questions
- What is inventory control?
- What are the objectives of inventory control?
- What are the types of inventory?
- What is reorder level?
- What is safety stock?
- What is the Economic Order Quantity (EOQ) model?
- What are the advantages of the EOQ model?
- What are the limitations of the EOQ model?
- What is the Just-In-Time (JIT) inventory system?
- What are the benefits of implementing a JIT inventory system?
- What are the challenges of implementing a JIT inventory system?
- How can technology be used to improve inventory control?
- What are the key performance indicators (KPIs) used to measure inventory control?
- What are the consequences of poor inventory control?
- How can you reduce inventory holding costs?
- What is the role of forecasting in inventory control?
- What are the different methods of inventory valuation?
- What is the impact of lead time on inventory control?
- How can you minimize stockout costs?
- What is ABC analysis and how is it useful in inventory control?
- What is the difference between inventory control and inventory management?
- How do you determine the optimal order quantity?
- What is the role of demand forecasting in inventory control?
- How can you manage inventory during seasonal demand fluctuations?
- How do you determine the reorder point?
- What are the benefits of using a perpetual inventory system?
- What is the difference between a fixed order quantity and a fixed order interval system?
- How can you reduce the risk of stock obsolescence?
- How can you improve inventory accuracy?
- What are the costs associated with carrying inventory?
- What is the role of inventory turnover ratio in inventory control?
- What is the impact of stockouts on customer service?
- How can you reduce the lead time for inventory replenishment?
- What is the role of safety stock in inventory control?
- How can you manage inventory for multiple sales channels?
- What is the impact of inventory control on cash flow?
- How can you optimize inventory for multiple warehouse locations?
- What is the impact of SKU rationalization on inventory control?
- How can you manage inventory for perishable goods?
- What are the key considerations when outsourcing inventory management?
- What is the difference between inventory control and supply chain management?
- What is the role of inventory control in reducing supply chain risk?
- What are the factors to consider when choosing a supplier for inventory items?
- What is the impact of product life cycle on inventory control?
- What are the benefits of implementing a consignment inventory system?
- What are the challenges of managing inventory in a global supply chain?
- How can you manage inventory for products with long lead times?
- What is the role of capacity planning in inventory control?
- What are the benefits of implementing a demand-driven inventory control system?
- What is the role of inventory control in achieving lean manufacturing?
- What is the impact of product demand variability on inventory control?
- How can you optimize inventory for products with different demand patterns?
- What are the benefits of implementing a collaborative planning, forecasting, and replenishment (CPFR) system?
- What is the role of inventory control in improving supply chain visibility?
- What is the difference between a push and pull inventory system?
- What is the impact of stockouts on brand reputation?
- How can you reduce inventory costs by optimizing warehouse layout and design?
- What are the benefits of implementing a kanban system in inventory control?
- How can you manage inventory for products with high product returns?
- What is the role of quality control in inventory management?
- What are the benefits of implementing a just-in-sequence (JIS) inventory control system?
- How can you improve inventory accuracy through cycle counting?
- What are the benefits of implementing a centralized inventory control system?
- How can you optimize inventory for seasonal demand patterns?
- What is the role of product life cycle management in inventory control?
- What are the benefits of implementing an electronic data interchange (EDI) system in inventory control?
- What is the impact of freight costs on inventory control?
- How can you manage inventory for products with short shelf lives?
- What are the benefits of implementing a radio frequency identification (RFID) system in inventory control?
- What is the role of demand sensing in inventory control?
- What are the benefits of implementing a mobile inventory control system?
- How can you manage inventory for products with high carrying costs?
- What is the impact of product customization on inventory control?
- What is the impact of stockouts on inventory carrying costs?
- What are the benefits of implementing an inventory control policy?
- How can you optimize inventory control for eCommerce businesses?
- What is the impact of seasonality on inventory control?
- How can you reduce the risk of stockouts?
- What is the role of reverse logistics in inventory control?
- How can you manage inventory for low-volume products?
- What are the benefits of implementing a centralized inventory management system?
- What is the impact of inventory control on customer satisfaction?
- How can you manage inventory for products with high variability in demand?
- What is the difference between lead time and order lead time in inventory control?
- How can you reduce the impact of stock obsolescence on inventory control?
- What is the impact of demand variability on inventory control?
- How can you implement a continuous inventory monitoring system?
- What is the role of inventory optimization in reducing costs?
- What are the benefits of implementing a vendor-managed consignment inventory system?
- How can you manage inventory for products with high seasonality and demand uncertainty?
- What is the role of inventory control in managing supply chain disruptions?
- How can you measure inventory performance?
- What is the impact of product complexity on inventory control?
- What are the benefits of implementing an inventory control dashboard?
- How can you manage inventory for fast-moving consumer goods (FMCG)?
- What is the impact of order processing time on inventory control?
- What are the benefits of implementing an inventory control software system?
- How can you manage inventory for high-value products?
- What is the role of inventory control in reducing waste?
- How can you implement an inventory control process for raw materials?
- What is the impact of product size on inventory control?
- What are the benefits of implementing a real-time inventory tracking system?
