Planning: Open-to-Buy Software
Before you get to the point of sale, it’s important to have a targeted planning system that integrates analyses and organized views with your merchandise to ensure you’re getting the most out of your sales. This is where Open-to-Buy Software comes in. It’ll help your business make informed buying decisions with its myriad of features, which include
Organizational views such as graphing capabilities, top-down or bottom-up allocation and other performance indicators – these include the ability to lock and unlock specific results to project different types of data
Comparative analysis that uses an easily digestible interface to show you numbers side-by-side based on historical data, giving you the most accurate look at the past to decide on how to move toward the future by leveraging previous data to discover patterns
Dynamic controls for the user to toggle between view styles, periods of time, and other flexible options in order to meet specific needs without hassle (includes segment views and critical indicators)
The customization tools in this software make it stand out from other components in your business planning because it allows you to accommodate for a multitude of different scenarios. The ability to lock and unlock single cells or groupings can help you exempt certain pieces of data from otherwise necessary changes or projections. If a certain product or client is unaffected by your plan for whatever reason, you can account for that without having to rework the entire data scheme. The software also lets you plan by season, allowing you to account for influxes of different types of consumer response.
Open-to-Buy software and POS software work hand-in-hand to prepare your business on both sides of the transaction.
