Loss Prevention Executive
Loss Prevention Executive Interview Questions and Answers
Q1. How gdo manage expiry product.
I manage expiry products by regularly monitoring expiration dates, rotating stock, and implementing a clear labeling system.
Regularly monitor expiration dates to identify and remove expired products
Rotate stock to ensure older products are used first
Implement a clear labeling system to easily identify expiration dates
Dispose of expired products properly to prevent any potential risks
Q2. What is inventory audit
Inventory audit is a process of physically counting and verifying the quantities of items in stock to ensure accuracy.
Inventory audit involves physically counting all items in stock
It helps in identifying discrepancies between actual and recorded inventory levels
The audit may be conducted periodically or randomly to prevent theft or errors
Examples include cycle counting, spot checking, and full physical inventory counts
Q3. What is cash audit
Cash audit is a process of verifying the accuracy of cash transactions and balances within a business.
Cash audit involves comparing physical cash on hand with recorded cash transactions.
It helps identify discrepancies, errors, or potential fraud in cash handling.
Cash audit may include counting cash, reconciling receipts, and reviewing financial records.
Regular cash audits are important for maintaining financial integrity and preventing losses.
Examples: counting cash in a cash...read more
Q4. Explain DC operations
DC operations refer to the processes involved in managing a distribution center's activities, including receiving, storing, and shipping goods.
DC operations involve receiving incoming shipments of goods from suppliers
Goods are then stored in the distribution center until they are needed for orders
Orders are picked, packed, and shipped to customers in an efficient manner
Inventory management is crucial to ensure accurate stock levels and prevent stockouts
Technology such as ware...read more
Q5. Explain nature of job
Loss Prevention Executives are responsible for developing and implementing strategies to prevent theft and minimize losses within a retail or corporate environment.
Develop and implement loss prevention strategies
Conduct audits and investigations to identify potential risks
Train staff on security protocols and procedures
Collaborate with law enforcement agencies
Monitor surveillance footage and analyze data for suspicious activities
Q6. Vlookup in excel
Vlookup is a function in Excel used to search for a value in a table and return a corresponding value from another column.
Vlookup stands for 'vertical lookup'
It is used to search for a value in the first column of a table and return a value in the same row from a specified column
Syntax: =VLOOKUP(lookup_value, table_array, col_index_num, [range_lookup])
Example: =VLOOKUP(A2, B2:D10, 3, FALSE) - searches for the value in cell A2 in the first column of the range B2:D10 and return...read more
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