Category: Planning (Open-to-Buy)
You can protect your profit by establishing a safety margin of budgeted resources with Retail Planning (Open-To-Buy) Software. The way you plan your OTB safety margin is up to you. This customization is essential because...
OTB — Open To Buy — should be part of every retailer’s planning no matter what size their operation is. Small retailers don’t have a lot of margin for error when it comes to...
By now, retailers have spent hours poring over the available data, hoping to have correctly predicted which Christmas 2015 fad will be flying off the shelves and leaving stores scrambling to restock. Retail planning...
OTB — Open-To-Buy — is part of every successful retailer’s planning. But without the accuracy of the data, retail planning is an exercise in futility because the plans are based on guesswork. This is...
One of the biggest advantages to well-designed Retail Planning is the flexibility to buy products when the opportunity appears. After all, the right product has to be on the shelf before it can be profit....
Retailers are accustomed to having a mind in the future because of the planning that has to happen before the right inventory is on the shelf at the right time. But retail planning also...
OTB -Retail Open-To-Buy — is a profitable concept when the planning works out as anticipated. When the plan fails, it can be costly but even failure is profitable when it becomes part of analysis...
Open-to-Buy – OTB Retail Planning- is one of the basics in successful retail management. Open-to-Buy provides that extra power to keep the inventory that is popular on the shelf. It does this by giving a...
Open To Buy – OTB planning in retail – can seem like a complicated secret formula involving a lot of time. But when you keep the goal of OTB in mind, this important aspect...
Figuring out the next few seasons for retail is challenging, because there’s always going to be a sudden “gotta have it” item that is unique to a local region. Some fads sweep across the...