Open – to – Buy Planning Online Training

Monday, October 21, 2019

11:00 AM – 1:00 PM Eastern Standard Time (New York)

(4:00 PM – 6:00 PM London (UK), 7:00 PM – 9:00 PM Dubai)

WHAT IS OTB? – Advanced Inventory Planning Skills

  Inventory purchase budget based on sales plan (Target)

 Usually done at the category level, if necessary, you can drill down to sub-levels even down to SKU level

OTB Formula:

• • Start with Desired End of Month (EOM) inventory
  • 
  • Sales and Markdowns
  • 
  • Beginning of the Month (BOM) Inventory and On Order and Receipts
  • =
  • Open To Buy

Example:

 

The component that makes the open to buy calculations difficult is the fact that the end of month and markdown values are based on forecast. A good forecast requires excellent knowledge of the customer, market, store, competition and of course the product.

Benefits of Open – To – Buy:

• •   Estimate in advance capital required for inventory

• •   Ensure right inventory levels for planned sales

• •   Control merchandise commitments

• •   Establish objectives so that actuals can be compared with

•           Provide opportunity for more profit

This webinar will show you the best ways to achieve proper inventory planning.

Register Here!

Open – to – Buy Planning Webinar

Advanced Retail Inventory Planning Skills

Monday, October 21, 2019

11:00 AM – 1:00 PM Eastern Standard Time (New York)

(4:00 PM – 6:00 PM London (UK), 7:00 PM – 9:00 PM (Dubai)

$147 Only $97