Open to Buy Planning Online

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Open – to – Buy Planning Online Training

Friday – October 12, 2018 

10:00 AM – 12:00 PM Eastern Standard Time

3:00 PM – 5:00 PM London (UK)

WHAT IS OTB? Advanced Inventory Planning Skills

  • Right Arrow Blue  Inventory purchase budget based on sales plan (Target)
  • Right Arrow Blue 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:

Open to Buy Planning

Numerical example of Open to Buy Planning

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:

  •  Bullet Estimate in advance capital required for inventory
  •  Bullet Ensure right inventory levels for planned sales
  •  Bullet Control merchandise commitments
  •  Bullet Establish objectives so that actuals can be compared with
  •  Bullet Provide opportunity for more profit

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

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Open – to – Buy Planning Webinar

Advanced Retail Inventory Planning Skills

October 5, 2018 – 10:00 AM Eastern Standard Time

Only $147

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