Flex Store Incharge Interview Questions and Answers

SOP stands for Standard Operating Procedure. It is a set of step-by-step instructions that outline how to perform a specific task or process.

• SOPs are used to ensure consistency and efficiency in operations.

• They provide clear instructions and guidelines for employees to follow.

• SOPs can cover various areas such as customer service, inventory management, and safety protocols.

• Examples of SOPs include how to handle customer...read more

Inventory refers to the total amount of goods or materials that a business holds for the purpose of resale or production.

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

• It is important for businesses to maintain accurate inventory records to avoid stockouts or overstocking.

• Inventory management systems can help businesses track inventory levels and optimize ordering and production processes.

Audit is a systematic and independent examination of books, accounts, documents, and vouchers of an organization.

• Audit is a process of evaluating the financial statements of an organization to ensure accuracy and compliance with accounting standards.

• It involves examining the books, accounts, documents, and vouchers of an organization to verify the authenticity of financial transactions.

• Audits can be conducted internall...read more