Inventory Control Manager Question:
Download Job Interview Questions and Answers PDF
Explain who determines the optimal frequency for producing or ordering products?
Answer:
☛ A cross-functional team or
☛ Only production planning or sourcing managers?
Several factors impact effective inventory planning. For example, marketing campaigns can play a role alongside sourcing. So a cross-functional team should set production and ordering schedules. Production alone determines lot sizes, usually based solely on minimizing production costs. By weighing all factors and using a sales and operations planning process (S&OP), cross-functional teams often reduce the company's replenishment stock by 50 percent and ensure that the right products are available for big promotions.
☛ Only production planning or sourcing managers?
Several factors impact effective inventory planning. For example, marketing campaigns can play a role alongside sourcing. So a cross-functional team should set production and ordering schedules. Production alone determines lot sizes, usually based solely on minimizing production costs. By weighing all factors and using a sales and operations planning process (S&OP), cross-functional teams often reduce the company's replenishment stock by 50 percent and ensure that the right products are available for big promotions.
Download Inventory Control Manager Interview Questions And Answers
PDF
| Previous Question | Next Question |
| Explain why is procurement considered such an important part of inventory control? | Explain me when should reorders be placed? |