Category: Planning (Open-to-Buy)

retail forecasting

4 Things to Forecast for Better Retail Planning

Every retailer struggles with accurate forecasting. How many of a particular product should you order? How much should you spend on merchandising for a particular season? Which trends will dominate next year? These are...

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...

open-to-buy planning

5 Step to Better Retail Planning

Weekly, monthly, and seasonal retail planning is a necessary component to profitability. If you do not plan effectively, you could lose money. With the right open-to-buy tool, however, you can get through all of...

open-to-buy planning

4 Ways to Make Retail Planning More Flexible

No matter what kind of retail store you manage, flexible planning is essential to profitability, better customer service, and effective retail operations management. Here are four distinct ways to make your retail open-to-buy planning...

open-to-buy planning

Why Retail Planning Should Be Flexible

Planning for a retail operation is a big task. How do you know how many customers will walk in your door in the next three months? How do you know how many of those...

8 Things Your Retail Planning Software Must Be Able To Do

One of the most important things to keep track of in retail planning is inventory. This way you can avoid having stock that is expired or out of style. You can keep from storing...

retail planning

Have You Planned For Failure?

There’s an old saying that goes, “Failure to plan is like planning to fail.” That’s certainly true in retail planning because, without it, you are gambling with your business and doing it blindfolded. But even...

How To Handle Detours In Retailing Plans

Retail planning is essential, so the tools you use to plan for the future of your retail enterprise are essential, too. ChainDrive Planning/Open-to-Buy is designed to equip you to map your route into a...

open-to-buy planning

Guarantee Retail Planning Success With ChainDrive

Planning is essential for retailers because adequate stock levels depend on making the right buying decisions. Buying decisions that are profitable are only made when you have an accurate view of the past and...

What Guideposts Are You Using To Make Profitable Buying Decisions?

Like any movement from one point to another, retail buying decisions can be mapped out. On a road trip, you would plan your route and rely on signage along your route to tell you...

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