Preview Questions Retail Buyer | Role Specific Skill

Question 1: How do you measure the success of your trend forecasting methods, and how do you adjust strategies based on past results?

Which action should you take?

Choose only one option

By analyzing sales performance, consumer feedback, and forecasting accuracy to adjust future strategies

By ignoring performance metrics and continuing with the same strategy

By using only short-term sales data without evaluating the forecasting process

By assuming past successful trends will continue without reevaluation

Question 2: What are the benefits of collaborative planning between buyers and suppliers in fashion procurement, and how can it lead to more efficient stock management?

Which action should you take?

Choose only one option

Collaborative planning only applies to high-value items, not fast fashion

Collaborative planning is unnecessary if suppliers are reliable

Collaborative planning ensures that both parties align on demand forecasts, product availability, and delivery schedules, improving stock management

Collaborative planning is irrelevant for large retailers with automated systems

Question 3: In fashion retail, how can a buyer secure better lead times from suppliers while maintaining a positive relationship and avoiding conflicts?

Which action should you take?

Choose only one option

By refusing to negotiate lead times and accepting whatever the supplier offers

By threatening to switch suppliers if lead times are not improved

By accepting longer lead times to avoid confrontation

By offering to place larger or more frequent orders in exchange for prioritized production and quicker lead times

Question 4: What is the role of historical sales data in fashion trend forecasting, and how can a buyer use this data to predict future trends?

Which action should you take?

Choose only one option

Historical sales data is irrelevant for trend forecasting as it only reflects past performance

Historical sales data should be ignored for fast fashion procurement

Historical sales data provides insights into past consumer behavior, helping buyers identify recurring patterns and potential future trends

Historical sales data only applies to large retailers and not boutiques

Question 5: How does economic instability (e.g., recessions, inflation) influence trend forecasting, and how should a buyer adjust procurement strategies during such times?

Which action should you take?

Choose only one option

Economic instability affects consumer spending, making trend forecasting and procurement more cautious to align with changing budgets

Economic instability makes forecasting trends more reliable

Economic instability only affects luxury fashion, not everyday apparel

Economic instability is irrelevant, as fashion trends remain constant

Question 6: How does "supply chain transparency" influence vendor management strategies in fashion retail?

Which action should you take?

Choose only one option

It guarantees that only one supply chain is used for all products

It allows buyers to have full visibility into the supplier's operations, leading to better decision-making

It ensures that procurement is focused solely on cost reduction

It reduces the need for vendor collaboration