If you discovered an inventory error, how would you act?

This question assesses the candidate’s problem-solving skills and their

approach to ensuring inventory accuracy.

Sample answer:
I would first verify the error by cross-checking with related records
and documentation. Once confirmed, I’d identify the root cause, make
necessary adjustments, and implement measures to prevent such
errors in the future.

2. Imagine one of your orders wasn’t delivered on time creating a risk

that the inventory would be soon inadequate to cover demand. How do
you resolve this?
This question evaluates the candidate’s ability to manage unforeseen
challenges and ensure continuous supply.

Sample answer:
I would communicate with the supplier to understand the cause of the
delay and get an estimated delivery time. Simultaneously, I’d explore
alternative suppliers or temporary solutions to meet immediate
demand and prevent disruptions.

3. If I asked you to conduct forecasting analysis to optimize our

inventory, how would you go about it?
Forecasting is crucial for maintaining optimal stock levels.

Sample answer:
I would analyze past sales data, consider seasonal trends, and factor
in any upcoming promotions or events. Using forecasting tools and
software, I’d predict future demand and adjust inventory levels
accordingly to prevent overstocking or stockouts.

4. How good are you in math on a scale from 1 to 10?

Mathematical skills are essential for inventory management.
Sample answer:
I would rate myself an 8. My experience in inventory management has
required me to use math regularly, especially for forecasting,
budgeting, and analyzing inventory metrics.

5. Are you familiar with cycle counting? Why would you use it?
Cycle counting is a method of inventory auditing.

Sample answer:
Yes, cycle counting involves regularly counting a subset of inventory
items, ensuring accuracy without disrupting operations. It’s a
proactive approach to identify discrepancies early and maintain
accurate inventory records.