The ChainDrive Blog

An Open-to-buy plan enables the retailer to invest in the right type of stock, in the right quantities, at the right price, and to have it delivered at the right time! Having enough stock to meet your customers’ demands will increase your sales and build customer loyalty! It is vital for retailers to maximize their […]

As a retailer, one of the biggest challenges you face is managing your inventory. You need to find a balance between having enough inventory to meet demand and having too much inventory that puts a strain on your finances. That’s where open-to-buy (OTB) planning comes in. Open-to-buy planning is an inventory management method that helps […]

Embracing constant change and delivering personalized customer experiences is critically important in the face of today’s increasingly informed consumer. Retailers face more competition than ever before due to the technological advancements that have modified the traditional shopping experience from purely physical into the digital and omnichannel. Without understanding what merchandise is coming into your store […]

Retail operations managers can’t run their businesses on jet fuel and flying by the seat of their pants. To be profitable, you’ve got to be effective at the nuts and bolts of the operation, and that requires planning. Open-to-buy (OTB) is retail’s model for effective long-term planning with the right OTB software. Here are eight […]