Store and Warehouse Manager Interview Questions and Answers

LIFO and FIFO are inventory valuation methods affecting cost flow and financial reporting.

• FIFO assumes that the oldest inventory items are sold first. For example, if you have items purchased in January and February, January's items are sold first.

• LIFO assumes that the most recently acquired inventory items are sold first. For instance, if you have items from March and April, April's items are sold first.

• FIFO can lead to lower cost of goods sold during inflation, as older, ch...read more

I manage stores by optimizing inventory, ensuring staff efficiency, and maintaining a positive customer experience.

• Implement inventory management systems to track stock levels and reduce waste. For example, using software like Fishbowl or TradeGecko.

• Train staff regularly on customer service and operational procedures to enhance efficiency and satisfaction.

• Conduct regular audits to ensure compliance with safety and operational standards, such as weekly safety checks.

• Analyze sa...read more

Yes, I have experience with SAP, utilizing it for inventory management and streamlining warehouse operations.

• Implemented SAP for tracking inventory levels, reducing discrepancies by 20%.

• Used SAP to generate reports on stock movements, aiding in better decision-making.

• Trained staff on SAP functionalities, improving overall efficiency in warehouse operations.