Tagged: retail performance

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....

Plan Ahead But Respond Now With OTB

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...

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...

open-to-buy planning

How To Calculate Open-To-Buy

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...

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