When answering this question, it's important to highlight your hands-on experience with both cycle counting and physical inventory audits. Explain the processes you have used, the frequency of these activities, and any specific methodologies or tools you have employed. Provide examples of how your efforts have led to improved inventory accuracy and reduced discrepancies. For instance, you might say:
"In my previous role as an Inventory Specialist, I conducted cycle counts on a weekly basis using a barcode scanning system. This allowed us to identify and correct discrepancies promptly, maintaining an inventory accuracy rate of 98%. Additionally, I led quarterly physical inventory audits, coordinating with various departments to ensure a thorough and efficient process. These audits not only verified our inventory levels but also helped in identifying slow-moving items and optimizing stock levels."
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