30 Lumino industries limited Interview Questions and Answers

Ques:- What are the different Inventory analysis ? How do you do ABC, XYZ and FSN analysis?

Asked In :- Cummins India, Haldiram, Kohler India, Mahle Filter Systems, Tata Marcopolo, Dabur India, Godrej Consumer Products, M N Dastur & Co (P), Perfetti Van Melle India, HLS Asia,

Right Answer:
The different types of inventory analysis include:

1. **ABC Analysis**: This method categorizes inventory into three classes (A, B, and C) based on their importance.
- A items are high-value but low-quantity (typically 70-80% of value).
- B items are moderate in both value and quantity.
- C items are low-value but high-quantity (typically 10-20% of value).
The analysis is done by calculating the annual consumption value of each item and ranking them accordingly.

2. **XYZ Analysis**: This method classifies inventory based on demand variability.
- X items have stable demand.
- Y items have moderate variability in demand.
- Z items have highly variable or unpredictable demand.
The analysis is performed by assessing the demand pattern of each item over a specific period.

3. **FSN Analysis**: This categorizes inventory based on the movement of items.
- F (Fast-moving)

Supply Chain Management

Ques:- How do you plan the requirements of material which are very rarely moving and unpredictable in demand?

Asked In :- Ask Agro Chemicals, Bharat Serums and Vaccines, D-Mart, ETO, ITC Indian Tobacco Company, Levis, LT Foods, Maharashtra Industrial Development Corporation MIDC, NDDB, Wonder Cement,

Right Answer:
To plan for rarely moving and unpredictable material, use a combination of safety stock, demand forecasting techniques, and inventory review methods. Implement a just-in-time (JIT) approach to minimize holding costs while ensuring availability. Regularly review and adjust inventory levels based on historical data and market trends, and consider using a vendor-managed inventory (VMI) system to optimize supply.

Operations Manager Supply Chain Management

Ques:- How do you fix the credit limits of the customers (Distributors, Dealers)

Asked In :- Saint-Gobain Glass India, Cadbury, CTPS, Empower, India Cements, Kirloskar, Kirloskar Ferrous Industries, KSBC, LMW Lakshmi Machine Works, Maharashtra Industrial Development Corporation MIDC,

Right Answer:
To fix the credit limits of customers (distributors, dealers), analyze their credit history, payment behavior, sales volume, financial stability, and industry risk. Use this data to set limits that balance risk and sales potential, ensuring they align with company policies and market conditions. Regularly review and adjust limits based on performance and changes in their financial situation.