Tagged: inventory

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...

home decor retailer management

Including Guests In Home Decor

Every year around this time, the reality of overnight guests, dinner guests, party guests, and other sorts of guests spurs last-minute runs to the store. Home decor retailers should be prepared for questions like,...

POS optimization

7 Reasons to Optimize Your Point of Sale

Your point of sale (POS) system is one of your retail chain’s most important assets. Optimizing it is essential. Here are seven good reasons you want to optimize your POS for better business. Integrate...