Max Fashion Inventory Executive Interview Questions and Answers

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Q1. How to control shrinkage
Ans. 
Shrinkage can be controlled through effective inventory management, security measures, employee training, and regular audits.
• Implement strict inventory management practices to track all incoming and outgoing items.

• Invest in security measures such as surveillance cameras, security tags, and access control systems.

• Provide thorough training to employees on proper handling of inventory and detecting potential theft.

• Conduct...read more
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Q2. How to control Damage Stocks
Ans. 
Damage stocks can be controlled by implementing proper inventory management practices and conducting regular audits.
• Implement proper storage techniques to prevent damage such as using pallets, shelves, and bins

• Train staff on proper handling procedures to minimize damage during transportation and storage

• Conduct regular inventory audits to identify damaged stocks and take necessary actions such as disposal or repair

• Utili...read more
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Q3. How to manage team.
Ans. 
Managing a team involves clear communication, setting goals, providing support, and fostering a positive work environment.
• Communicate clearly with team members about expectations and goals.

• Provide support and resources to help team members succeed.

• Encourage collaboration and teamwork among team members.

• Recognize and reward team members for their hard work and achievements.

• Address any conflicts or issues within the team
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Q4. How to control exchange garments
Ans. 
Exchange garments can be controlled by implementing strict policies, tracking inventory accurately, and ensuring clear communication with customers.
• Implement a clear exchange policy outlining conditions for exchanges

• Track inventory accurately to ensure availability of exchange garments

• Communicate exchange policies clearly to customers to avoid misunderstandings
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