Category: Planning (Open-to-Buy)

retail forecasting

How to Calculate OTB

In retail planning, open-to-buy (OTB) is one of the most important concepts to understand. By calculating your OTB you can ensure maximum profitability and keep your inventory management practices on target. Here are the...

open-to-buy planning

5 Step to Better Retail Planning

Weekly, monthly, and seasonal retail planning is a necessary component to profitability. If you do not plan effectively, you could lose money. With the right retail merchandise planning software and open-to-buy tool, however, you...

retail planning

Have You Planned For Failure?

There’s an old saying that goes, “Failure to plan is like planning to fail.” That’s certainly true in retail planning because, without it, you are gambling with your business and doing it blindfolded. But even...