8 Advantages of Software For OTB Planning
One of the biggest advantages to well-designed Retail Planning is the flexibility to buy products when the opportunity appears. After all, the right product has to be on the shelf before it can be profit....
One of the biggest advantages to well-designed Retail Planning is the flexibility to buy products when the opportunity appears. After all, the right product has to be on the shelf before it can be profit....
Retailers are accustomed to having a mind in the future because of the planning that has to happen before the right inventory is on the shelf at the right time. But retail planning also...
Open-to-Buy – OTB Retail Planning- is one of the basics in successful retail management. Open-to-Buy provides that extra power to keep the inventory that is popular on the shelf. It does this by giving a...
Open To Buy – OTB planning in retail – can seem like a complicated secret formula involving a lot of time. But when you keep the goal of OTB in mind, this important aspect...
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...
Some retailers are great at crunching the numbers. If they want to analyze what is going on in their business, they need percentages, digits, and columns of data in order to visualize what their...
Open To Buy (OTB) planning protects your profit by establishing a safety margin of budgeted resources for the replenishment of your inventory. But the way you plan your OTB margin is really dependent on...
About.com has a page on Open-to-Buy wherein they teach you how to calculate OTB for a typical retail business. It’s a bit oversimplified, but the concept is good to understand. It’s a good primer...