Can you describe your experience in managing inventory levels to avoid overstocking or shortages?
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Sample interview questions: Can you describe your experience in managing inventory levels to avoid overstocking or shortages?
Sample answer:
Experience in Managing Inventory Levels
Throughout my tenure as a Fashion Merchandiser, I have developed a comprehensive understanding of inventory management principles and practices. My key responsibilities included:
- Demand Forecasting: Utilized historical sales data, market trends, and competitive analysis to predict future demand, ensuring appropriate inventory levels for each product category.
- Assortment Planning: Collaborated with design and sourcing teams to determine the optimal product mix that maximized sales while minimizing risk of overstocking.
- Inventory Optimization: Implemented a structured inventory replenishment system incorporating lead times, safety stocks, and seasonal variations to balance inventory levels against demand.
- Stock Level Monitoring: Regularly tracked inventory levels through invent… Read full answer
Source: https://hireabo.com/job/6_1_8/Fashion%20Merchandiser