Vishal Mega Mart Interview Questions, Process, and Tips

Shrink refers to the loss of inventory in a retail store. There are several types of shrink that can occur.

• Shoplifting: When customers steal merchandise from the store.

• Employee theft: When employees steal merchandise or money from the store.

• Administrative errors: Mistakes in inventory management or paperwork that result in loss.

• Vendor fraud: When vendors or suppliers deceive the store by overcharging or delivering less...read more

Shrink control refers to the measures taken to prevent loss of inventory due to theft, damage, or errors.

• Implementing security measures such as CCTV cameras, security tags, and alarms

• Conducting regular inventory checks and audits

• Training employees on proper handling and storage of merchandise

• Analyzing sales data to identify patterns of theft or loss

• Establishing clear policies and procedures for handling cash and mercha...read more