Inventory control viva questions

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?



Inventory control viva questions

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