Plans can be broken down by entire store, specific seasons, departments, or even individual vendors. The Core Formula
For a deeper dive into retail planning, resources like the Shopify Retail Blog and Board's Glossary offer detailed guides and formulas for different business sizes. AI responses may include mistakes. Learn more open to buy definition
is a financial budget and retail planning process that calculates the amount of merchandise a retailer can purchase within a specific timeframe. It acts as a guardrail to ensure businesses remain within their financial goals while maintaining enough stock to meet customer demand. Key Components of OTB Plans can be broken down by entire store,
Helps identify slow-moving inventory, allowing for faster stock rotation. Learn more is a financial budget and retail
What is Open-to-Buy (OTB)? Definition, Meaning & Examples - Board
Ensures key products are available when customers want them.