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...
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...
ChainDrive’s Planning Open-To-Buy(OTB) provides the tools that retailers have consistently requested in a professional retail management software suite. Because everything is completely integrated to the centralized database, all the information for a comprehensive, accurate...
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...
ChainDrive is the retailer’s dream tool. It’s also the dream tool for wholesale managers. We prove that by offering a solution that takes care of the needs of both managers. In retail, without Open-to-Buy,...
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...
One of the biggest challenges for retailers today is integrating their e-commerce store with their traditional brick-and-mortar operations. If you think selling on the Web is an apples-to-apples comparative operation to brick and mortar,...
The point of sale (POS) is the place where your business is made or broken. Sure, your profit is wrapped up in the merchandise. You make the money when you buy the product. You...
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...
Every retail business has a few things in common. No matter what vertical or channel you serve, you still run promotions. You may run new customer promotions, favored customer promotions, specific product promotions, geographic...
In retail, if your prices are set too high or low, you could lose sales. With ChainDrive’s b2b price optimization and management software you won’t ever have to worry about it. You can figure out...