How to use BULK COLLECT and FORALL to replace CURSOR FOR LOOP in PL/SQL?

How to use BULK COLLECT and FORALL to replace CURSOR FOR LOOP in PL/SQL? I'd like to have a more efficient way to update records in a single table.

Suppose I have the following PL/SQL code:

DECLARE
   var_buy_more_shoes   inventory.buy_more_shoes%TYPE := NULL;
   var_buy_more_bananas   inventory.buy_more_bananas%TYPE := NULL;
   var_buy_more_iphone6s   inventory.buy_more_iphone6s%TYPE := NULL;

   CURSOR cur
   IS
      SELECT *
        FROM inventory
      FOR UPDATE;

BEGIN
   FOR rec IN cur
   LOOP
      IF rec.pair_of_shoes_left <= 100
      THEN
         var_buy_more_shoes := 'Yes';
      END IF;

      IF rec.weight_of_bananas_left <= 200
      THEN
         var_buy_more_bananas := 'Yes';
      END IF;

      IF rec.number_of_iphone6s_left <= 50
      THEN
         var_buy_more_iphone6s := 'Yes';
      END IF;

      UPDATE inventory a
         SET A.buy_more_shoes = var_buy_more_shoes,
             A.buy_more_bananas = var_buy_more_bananas,
             A.buy_more_iphone6s = var_buy_more_iphone6s
       WHERE CURRENT OF cur;
   END LOOP;

   COMMIT;
END;

Thanks.

This can be done in a single update statement:

UPDATE inventory
SET buy_more_shoes    = CASE
                          WHEN pair_of_shoes_left <= 100 THEN 'Yes'
                          ELSE NULL
                        END
  , buy_more_bananas  = CASE
                          WHEN weight_of_bananas_left <= 200 THEN 'Yes'
                          ELSE NULL
                        END
  , buy_more_iphone6s = CASE
                          WHEN number_of_iphone6s_left <= 50 THEN 'Yes'
                          ELSE NULL
                        END