Open to Buy Planning Online

“What Every Merchandising Staff Ought to Know about Open-to-Buy”

*Reduce Your Inventory by 20% Without Losing Any Sales*

Open-to-Buy Planning Online Training LIVE Session

Thursday – November 30, 2023 – 9:00 AM – 11:00 AM Eastern Standard Time (New York)

(2:00 – 4:00 PM London UK, 5:00 – 7:00 PM Dubai)

Recording & Slides Will be Sent to All Registrants After the Session.

open to buy planning

WHAT IS OTB? Advanced Inventory Planning Skills

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

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

The open-to-buy formula will help you create forecasts for your OTB plan. The values in your open-to-buy are projections, so they may not be perfectly accurate.

But a sensible way to check your numbers is if your actual month-end inventory is within 5% of your prediction.

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.

Part of creating an OTB budget involves planning inventory turnover. Turnover is a calculation that measures how fast you sell through inventory and need to replace it.

The quicker a retailer “turns” their inventory, the more they’ll need to buy. Also, quicker turns mean much higher profitability as well.

Benefits of Open – To – Buy:

Blue Arrow Right Estimate in advance capital required for inventory

Blue Arrow Right Ensure right inventory levels for planned sales

Blue Arrow Right Control merchandise commitments

Blue Arrow Right Establish objectives so that actuals can be compared with

Blue Arrow Right Provide opportunity for more profit

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

Every year, retailers go out of business primarily because their inventory is not properly managed.

One of the biggest contributing factors to retail mismanagement is the lack of an OTB system.

Take this webinar and you will be well on your way to retail health. 

Why You Should Attend:

Number onePractical, applicable and actionable content delivered by top experts to drive your sales, productivity and profitability. Proven to increase those metrics by double digits. Check out the testimonials.

Number twoValue: Apart from acquiring complete understanding, participants will enjoy a 30-Day unlimited Q&A through email after the workshop (A $1,000 value by itself)

Number threeROI: Return on investment can be as high as 100 times the registration fee based on your company revenues and how many techniques, ideas and methods from the workshop you implemented.

Number fourPositions you as an expert .

Number fiveCreates a “larger picture” mentality.

Number 6 Improves your standing as a Retail Management Leader

Number 7 Six hours that will produce a lifetime of results.

Register Here!

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Open-to-Buy Planning Webinar LIVE Session

Advanced Retail Inventory Planning Skills

Thursday – November 30, 2023 – 9:00 AM – 11:00 AM Eastern Standard Time (New York)

(2:00 – 4:00 PM London UK, 5:00 – 7:00 PM Dubai)

Recording & Slides Will be Sent to All Registrants After the Session.

$147 Only $97/person

 

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