Inventory Manager Question:

☛ If you discovered an inventory error, how would you act?
☛ 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? How do you protect inventory from such occurrences?
☛ If I asked you to conduct forecasting analysis to optimize our inventory, how would you go about it?
☛ How good are you in math on a scale from 1 to 10?
☛ Are you familiar with cycle counting? Why would you use it?
☛ How is EOQ important and how do you use it?
☛ How do you calculate the value of inventory?
☛ Have you used ABC analysis of inventory control? Can you explain it to me?
☛ What do you know of Material Requirements Planning (MRP) systems?
☛ What do you think COGS means to our business?
☛ How do you ensure accuracy in documenting inventory?
☛ Tell me what you did to ensure inventory meets quality standards in your previous job
☛ Recall a time when you implemented an optimized procedure for inventory management
☛ Describe a time you showed excellent leadership
☛ Tell me about a time you had a conflict with the logistics or accounting department. How did you resolve it?