While high-end retail management systems exist, an remains a solid, accessible tool for many small to medium-sized businesses to gain control over their cash flow and inventory levels. What is Open-to-Buy (OTB)?
Open-to-Buy=(Planned Sales+Planned Markdowns+Planned Ending Inventory)−Planned Beginning InventoryOpen-to-Buy equals open paren Planned Sales plus Planned Markdowns plus Planned Ending Inventory close paren minus Planned Beginning Inventory open to buy excel spreadsheet
: The retail value of stock on hand at the start of the period. While high-end retail management systems exist, an remains
: The target stock level you want to have remaining to support the following month's sales. While high-end retail management systems exist