Protect Your Profit With OTB
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 every retail business is different. Some products are seasonal, some are consistent year-round. Some inventory is trend-driven and needs a lot of leeway for investing in a fad without overbuying. Who needs to have money tied up in out-of-fashion stock?
Here’s how OTB — Open-To-Buy — software helps you plan and protect your profit:
- OTB software can give you a concrete plan of action with defined goals for later evaluation but allows the flexibility to take advantage of unanticipated events.
- OTB software lets you keep the right levels of inventory while constantly refreshing your stock and anticipating planned promotions.
- OTB software can prevent the pendulum effect in purchasing, overbuying in reaction to stock depletion, or impulse bulk purchases.
The fundamental thing about OTB planning is that it has to be based on the facts from your own business in order to be effective. This is where ChainDrive’s Retail Planning (Open-To-Buy) Software gives you the advantage you need for accuracy. ChainDrive’s professional support services will help you incorporate components of our software along with the rest of our integrated retail management system. We specialize in customizing, too, so you know you will get the exact tools your business needs to be successful with ChainDrive.
Our integrated retail management solution utilizes a central database in real time. You can look at all your data across your enterprise and filter what you need to analyze it in many ways, allocating top-down or bottom-up and visualizing your plans via graphs and other performance indicators. ChainDrive lets you crunch your real numbers the way you need to in order to plan your OTB with the most effectiveness, then continue to evaluate your plan with real numbers in the future. Your profit is protected by the specific margin you need for success.