1 India Family Mart Retail Store Manager Interview Questions and Answers

Inventory management involves tracking, ordering, and organizing products to ensure optimal stock levels.

• Use inventory management software to track stock levels and sales data

• Set up a system for regular inventory counts and audits

• Analyze sales trends to forecast demand and adjust ordering accordingly

• Establish relationships with suppliers to ensure timely and accurate deliveries

• Implement a system for organizing products

Generating daily stock report and analyzing stock gap is crucial for effective inventory management.

• Use inventory management software to generate daily stock report

• Compare actual stock levels with ideal stock levels to identify stock gap

• Analyze reasons for stock gap such as overstocking or understocking

• Take corrective actions such as adjusting reorder points or reducing excess inventory

• Regularly review and update stock