Tagged: pos

point of sale software

How’s Your POS Working For You?

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...

open-to-buy planning

Why Graphing Improves Open-to-Buy

As a retail operations manager or open-to-buy professional, you are always looking for a more streamlined way to plan your operations and product purchasing. One of the best ways to get more efficient at...

inventory

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....

Learn From Past OTB Mistakes For Future OTB Success

OTB — Open-To-Buy — is a profitable concept when the planning works out as anticipated. When the plan fails, it can be costly but even failure is profitable when it becomes part of analysis...

retail budgeting

Six Aspects of Successful OTB Retail Planning

  OTB — Open-to-Buy — is one of the basics in successful retail management. OTB provides that extra power to keep the inventory that is popular on the shelf. It does this by giving...

What Is The Goal Of OTB?

OTB — Open To Buy — 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 of retail planning...

open-to-buy planning

Are You Ready To Buy For Next Season?

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 plan, it’s difficult to have the money to...

How Do You Need To See Your Data?

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...

3 Ways Your OTB Planning Protects Your Profit

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...

Base Your Planning On Reality With OTB

Base Your Planning On Reality With OTB

The process of planning your merchandise sales and purchases so that you have the ability to restock when you need to — Open-to-Buy — can be daunting. It’s necessary, though, if you want your...

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