Zepto Shift Incharge Interview Questions, Process, and Tips

Controlling wasteage in inventory involves implementing proper inventory management techniques and monitoring processes.

• Implement a first in, first out (FIFO) system to ensure older inventory is used first

• Regularly conduct inventory audits to identify and address any discrepancies

• Train staff on proper handling and storage of inventory to prevent damage or spoilage

• Utilize inventory tracking software to monitor stock lev...read more

Inventory refers to the goods and materials a business holds for the purpose of resale or use in production.

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

• It is an important asset on a company's balance sheet.

• Inventory management involves tracking, ordering, and storing inventory efficiently.

• Examples of inventory include merchandise in a retail store, components in a manufacturing plant, and sup