This Merchandise Planner test evaluates candidates’ quantitative skills and their ability to support the sales and margin goals of the business. This screening test will help you hire merchandise planners capable of developing effective merchandise plans.
Applying retail math concepts
Preparing seasonal plans
Identifying risks and opportunities
Merchandise planners, product assortment planners, retail planners, inventory managers, and any other roles requiring an intermediate knowledge of merchandise planning.
In today’s highly competitive retail environment, it is paramount that businesses be able to optimally select, manage, display, and price products. A retailer’s goal should be to maximize returns on investment, add value to the brand name and satisfy customer needs – all while avoiding the creation of excess inventory. Hiring a highly qualified merchandise planner can help your retail business achieve these goals.
Candidates with merchandise planner skills can serve as business managers for specific product categories and provide decision-making support for their buying partners in your business. By building sound, well-thought-out seasonal plans, merchandise planners create a framework within which the buyer is able to focus on curating an optimal assortment for the customer.
Retail is a fast-paced and fluid business and requires the ability to constantly evaluate and adjust, based on results. Analytical acumen is important. This Merchandise Planner test will assess the candidate’s comfort level in applying retail math concepts to building weekly and monthly business plans that incorporate key retail metrics such as sales, markup, gross margin, and inventory turnover. It also evaluates candidates’ ability to prepare seasonal plans and identify risks and opportunities for your business.
Candidates who perform well on this Merchandise Planner test will have a strong grasp of retail mathematical concepts and how to leverage these concepts to present revised business scenarios under the theory “The plan is wrong as soon as it is submitted.” This screening test will help you hire merchandise planners who can help your retail business reduce stock holdings and react quickly to new trends.
Paul has over 30 years of experience in retail, with a career at companies like Federated Stores, Limited Brands and Burlington Stores. Paul’s areas of expertise include merchandise planning, retail strategy and planning systems. He completed his undergraduate studies at the Wharton School of Business, University Of Pennsylvania.
Paul is currently enjoying his best life in retirement in Porto, Portugal with his wife Robin, his children Alexander and Sophia and the family dog, Shadow.
TestGorilla’s tests are created by subject matter experts. We assess potential subject-matter experts based on their knowledge, ability, and reputation. Before being published, each test is peer-reviewed by another expert, then calibrated using hundreds of test takers with relevant experience in the subject. Our feedback mechanisms and unique algorithms allow our subject-matter experts to constantly improve their tests.
TestGorilla helps me to assess engineers rapidly. Creating assessments for different positions is easy due to pre-existing templates. You can create an assessment in less than 2 minutes. The interface is intuitive and it’s easy to visualize results per assessment.
VP of Engineering, Mid-Market (51-1000 emp.)
Any tool can have functions—bells and whistles. Not every tool comes armed with staff passionate about making the user experience positive.
The TestGorilla team only offers useful insights to user challenges, they engage in conversation.
For instance, I recently asked a question about a Python test I intended to implement. Instead of receiving “oh, that test would work perfectly for your solution,” or, “at this time we’re thinking about implementing a solution that may or may not…” I received a direct and straightforward answer with additional thoughts to help shape the solution.
I hope that TestGorilla realizes the value proposition in their work is not only the platform but the type of support that’s provided.
For a bit of context—I am a diversity recruiter trying to create a platform that removes bias from the hiring process and encourages the discovery of new and unseen talent.
Chief Talent Connector, Small-Business (50 or fewer emp.)
The Merchandise Planner test will be included in a PDF report along with the other tests from your assessment. You can easily download and share this report with colleagues and candidates.