Inventory Manager Interview Preparation Guide Download PDF
Inventory Manager Frequently Asked Questions in various Inventory Manager job interviews by interviewer. The set of questions are here to ensures that you offer a perfect answer posed to you. So get preparation for your new job interview
60 Inventory Manager Questions and Answers:
No, the model only works for those cases that meet its assumptions.
A inventory should be taken at least once a year. If items are perishable, seasonal or highly demanded a inventory should be taken more often.
A order point is a point in time at which a order is placed to replenish goods in inventory.
Forecasting is the process of estimating the future demand of a product.
EOQ stands for Economic Order Quantity.
When conducting a physical inventory the classification, location and number in stock of a good should be recorded.
Total stocking cost is the cost to the store of holding a good in its inventory. The stocking cost consists of the carrying cost times half the quantity in inventory and the order completion cost times demand divided by the quantity. In its mathematical form the cost is represented by TSC=(Q/2)C + (D/Q)S.
Inventory levels and their values can affect the income of the store, the amount of taxes paid, and the total stocking cost.
The EOQ level is the point at which stocking costs are at their lowest point for a given item.
Yes, through the use of forecasts inventory levels can be set to meet the demands while keeping levels as low as possible.