Ecom Express HUB Incharge Interview Questions and Answers

Inventory refers to the list of goods and materials held available in stock by a business.

• Inventory includes raw materials, work-in-progress, and finished goods.

• It helps in tracking and managing stock levels to meet customer demand.

• Examples of inventory include clothing in a retail store, spare parts in an auto shop, and food items in a grocery store.

Shrinkage refers to the loss of inventory or assets due to theft, damage, errors, or other causes.

• Shrinkage can occur due to shoplifting, employee theft, administrative errors, or supplier fraud.

• Inventory shrinkage is a common issue in retail businesses, where items may be stolen or damaged before they are sold.

• Shrinkage can also happen in warehouses or distribution centers, where items may be lost or misplaced during ...read more