Production Management Based Inventory Manager Interview Questions:
Submitted by: Muhammad☛ Policies and procedures?
☛ Bill of Materials (BOM)
☛ What is the process followed to establish a standard bill of materials?
☛ How does the process differ if a part is new or existing?
☛ Who approves the bill of materials?
☛ Who is responsible for entering the BOM into the system?
☛ What is the process for reviewing and monitoring variances between the standard bill of materials and the actual costs?
☛ How often are management reports prepared?
☛ Do the management reports contain the appropriate level of detail to identify root causes for the variance?
☛ Standard costs
☛ How are the standard labor hours by product determined?
☛ How are standard machine hours determined? Set up and run times?
☛ How are labor charges applied to the cost of inventory?
☛ How are the costs of labor checked for accuracy, completeness, etc?
☛ What is the process to update standard costs based on current procurement and production costs?
☛ How often are the standard costs updated?
Submitted by: Muhammad
☛ Bill of Materials (BOM)
☛ What is the process followed to establish a standard bill of materials?
☛ How does the process differ if a part is new or existing?
☛ Who approves the bill of materials?
☛ Who is responsible for entering the BOM into the system?
☛ What is the process for reviewing and monitoring variances between the standard bill of materials and the actual costs?
☛ How often are management reports prepared?
☛ Do the management reports contain the appropriate level of detail to identify root causes for the variance?
☛ Standard costs
☛ How are the standard labor hours by product determined?
☛ How are standard machine hours determined? Set up and run times?
☛ How are labor charges applied to the cost of inventory?
☛ How are the costs of labor checked for accuracy, completeness, etc?
☛ What is the process to update standard costs based on current procurement and production costs?
☛ How often are the standard costs updated?
Submitted by: Muhammad
Read Online Inventory Manager Job Interview Questions And Answers
Top Inventory Manager Questions
☺ | Do you know what is inventory control? |
☺ | Please explain do You Apply The Above Practices To All Parts Of Your Inventory (finished Goods, Raw Material, Works In Process And Spare Parts) And In All Organizational Entities? |
☺ | Explain me what makes a good forecasting model? |
☺ | Explain me what makes EOQ work for inventory control? |
☺ | Tell me what Are Finished Goods? |
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