Are You Ready To Buy For Next Season?
Planning is an important part of retail success, and Open-To-Buy allocations for the coming seasons are an important part of that plan. When there is no buying plan for retail, it’s difficult to have the money to purchase the inventory you’ll need available in the store and through your web site. So how do you get to the point where you feel confident that you are ready for the next season and its challenges?
Collect & Analyze
In order to plan, you need to have all the information that will affect that plan. ChainDrive’s Integrated Retail Management Solution gives you all the historical and real-time data from your own business so you can see what has changed, what has worked, and what has not worked well in the past. You can track everything that has been put in the central database and break it down the way you need to in order to predict what this next season will possibly hold for your business.
The ability to segment and lock different data cells, visualize predicted sales in differing scenarios, graph and analyze are only part of the advantage you have with the functionality of ChainDrive retail Open to Buy software . You can make OTB buying plan for retail at the seasonal level, making sure that plan matches the corporate views and complements your desired objectives.
Build Flexibility Into Your OTB Planning
There’s always the possibility of a sudden fad turning your holiday season into a scramble to get that one item in stock. If you have allowed for those last-minute changes in strategy, you can stay ahead of the rest and ride the wave of the current trend without losing momentum. Planning for the purchases you know your customers will be making, plus having the flexibility to add the latest hot product when it pops up, is what Open-To-Buy software is all about.