Open – to – Buy Planning Online Training

Wednesday, January 23, 2019

1:00 PM – 3:00 PM Eastern Standard Time

6:00 PM – 8:00 PM London (UK)

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:

• •  Desired End of Month (EOM) inventory

• •  Plus sales and markdowns

• •  Minus Beginning of the Month (BOM) inventory and on order and receipts

•  Equals 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

January 23, 2019 – 1:00PM – 3:00 PM Eastern Standard Time, 6:00 PM – 8:00 PM London (UK)

Only $97