Fashion Buying and Planning

The primary objective of fashion buying is to satisfy customer needs by providing them with the right products at the right time and at the right price.

Availability of raw materials is not a key factor considered in fashion buying as it is the responsibility of the production department to ensure that the necessary materials are available.

Fashion buying is the process of selecting and purchasing merchandise for a retail store, taking into account factors such as customer demand, fashion trends, and production costs.

Impulse buying is not a common type of fashion buying as it refers to unplanned and spontaneous purchases made by consumers, whereas fashion buying is a planned and strategic process.

The purpose of conducting a merchandise plan is to determine the quantity of merchandise to purchase, allocate the budget for different product categories, and set sales targets.

Expert opinion is not a common method used for forecasting fashion trends as it is subjective and may not accurately reflect the preferences of the target market.

Supply chain management is the process of managing the flow of merchandise from the manufacturer to the retail store, including activities such as transportation, warehousing, and inventory control.

Diagonal layout is not a common type of retail store layout as it can be confusing for customers to navigate and may not maximize the use of space.

Visual merchandising is the process of presenting merchandise in a retail store in a visually appealing manner to attract customers and encourage them to make purchases.

Private label strategy is not a common type of fashion buying strategy as it involves the retailer designing and producing its own products, which is typically done by manufacturers.

Inventory management is the process of managing the levels of inventory in a retail store to ensure that there is enough stock to meet customer demand without overstocking.

Political risk is not a common type of fashion buying risk as it is typically associated with international trade and geopolitical events, which are not directly related to the fashion industry.

Performance analysis is the process of evaluating the performance of a fashion buying plan by analyzing metrics such as sales, profitability, and customer satisfaction.

Customer relationship management software is not a common type of fashion buying software as it is primarily used for managing customer data and interactions, rather than for fashion buying activities.

Price negotiation is the process of negotiating prices with suppliers to obtain the best possible terms for the retailer.