Vishal Mega Mart
10+ Prodigy Technovations Interview Questions and Answers
Q1. What is sell through
Sell through refers to the rate at which inventory is sold within a given period of time.
Sell through is a measure of how quickly products are sold to customers.
It is calculated by dividing the total units sold by the beginning inventory and multiplying by 100.
A high sell through indicates strong demand and efficient inventory management.
A low sell through may suggest slow sales or overstocking.
Sell through can be used to analyze the performance of specific products or produc...read more
Q2. Per sqft value, department and sub departments contribution.
The question is asking about the contribution of each department and sub-department per square foot value.
Calculate the sales per square foot for each department and sub-department
Analyze the data to determine the contribution of each department and sub-department
Identify areas for improvement and develop strategies to increase sales per square foot
Examples: Women's clothing department has a higher sales per square foot than men's clothing department
Sub-departments like shoes...read more
Q3. What is your last stock take percentage?
My last stock take percentage was 98%.
My last stock take percentage was 98%.
I consistently maintain accurate stock levels through regular stock takes.
I use inventory management systems to track stock levels and identify discrepancies.
Q4. How to shrink control
Shrink control can be achieved by implementing inventory management techniques and conducting regular audits.
Implement inventory management techniques such as FIFO and JIT
Conduct regular audits to identify and address any discrepancies
Train employees on proper inventory handling procedures
Utilize technology such as RFID to track inventory
Monitor sales trends and adjust inventory levels accordingly
Q5. How to growth plan Family background
A growth plan involves setting goals and creating a roadmap to achieve them. Family background is not relevant to this question.
Identify long-term career goals
Create short-term objectives to achieve those goals
Develop a plan with specific actions and timelines
Regularly review and adjust the plan as needed
Seek feedback and mentorship from superiors
Attend training and development programs
Network with professionals in the industry
Q6. Types of shrink
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 than what was ordered.
Damage or spoilage: Losses due to d...read more
Q7. What is sales techniques
Sales techniques are strategies and methods used to persuade customers to make a purchase.
Building rapport with customers
Identifying customer needs and offering solutions
Using effective communication skills
Creating a sense of urgency or scarcity
Upselling and cross-selling products or services
Q8. Parmeters of shrink control
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 merchandise
Collaborating with law enforcement to investigate and...read more
Q9. How to increase sales
Increasing sales can be achieved through various strategies such as improving customer service, implementing effective marketing campaigns, and optimizing product displays.
Improve customer service to enhance customer satisfaction and loyalty
Implement effective marketing campaigns to attract new customers and retain existing ones
Optimize product displays to showcase products in an appealing way and encourage impulse purchases
Q10. How to control shrink
Shrink can be controlled by implementing strict inventory management procedures and conducting regular audits.
Implementing strict inventory management procedures such as regular stock counts and monitoring sales trends
Training staff on theft prevention techniques and encouraging a culture of honesty
Installing security measures such as surveillance cameras and electronic article surveillance tags
Conducting regular audits to identify any discrepancies in inventory levels
Analyzi...read more
Q11. What is FIFO?
FIFO stands for First In, First Out. It is a method used for inventory management where the oldest stock is sold first.
FIFO ensures that the oldest inventory is used first to prevent spoilage or obsolescence.
It is commonly used in industries like food, retail, and manufacturing.
For example, in a grocery store, products with the earliest expiration dates are sold first under FIFO.
Q12. What is PSF
PSF stands for Profit Sharing Fund, a type of incentive program where employees receive a share of the company's profits.
PSF is a form of incentive program where employees receive a portion of the company's profits.
It is often used to motivate employees to work towards the company's financial success.
PSF can be distributed in various ways, such as through bonuses, profit-sharing plans, or stock options.
Q13. How to handle stfaff
Handle staff by setting clear expectations, providing support and feedback, and fostering a positive work environment.
Set clear expectations for roles and responsibilities
Provide regular feedback and support to help staff improve
Create a positive work environment through team building activities and recognition
Address any conflicts or issues promptly and professionally
Q14. Types of seasons
Seasons refer to the four major divisions of the year based on weather patterns and daylight hours.
There are four seasons: winter, spring, summer, and fall
Each season has its own unique characteristics and weather patterns
Seasons are determined by the Earth's tilt and its position in orbit around the sun
Different regions of the world may experience different seasons at different times of the year
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