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Channel: Planning (Open-to-Buy) – Retail Management Software Blog
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Open-to-Buy software for business planning

As much as we would like to be able to “wing it” when it comes to running our lives and our businesses, most every successful retailer will know that planning is paramount to success. You need to be...

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Use ChainDrive Planning software to make the right decisions

Planning is an integral step of any business model. At regular intervals throughout the lifespan of your retail business, you will be tasked with coming up with new plans for success. You need to...

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Planning software sets you up for success

A successful retail business will have a variety of components that help set them up for strong performance day in and day out, but one of the most crucial of these is the Planning step. Businesses...

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Use Planning Software to make profitable decisions

It’s no secret that planning is the key to success. This applies to most everything in life, but it is especially important to consider when you are managing a retail business. Developing a strong plan...

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Open-to-Buy software supports planning for success

There’s no real “trade secret” to running a successful retail business. The only way to make your business as strong and continually successful as possible is through hard work, research, and careful...

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Open-to-Buy software: Planning for success

One of the most important aspects of managing a successful retail business is knowing what to buy, how much to buy, and when to buy it. Planning in this regard is a crucial part of keeping profits high...

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Planning (Open to Buy) software ensures adequate stock levels and more

A successful project of any kind – whether it be a business or any other effort – requires careful planning. We are taught from an early age to map out how we plan to accomplish our tasks, and there’s...

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ChainDrive Planning software: Make better decisions

The need for appropriate preparation in any business is a constant one. It would be very difficult to reach any sort of success without having the proper planning and goal-setting beforehand. Diving...

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Planning (OTB) Software keeps you out of trouble

A retail business of any size must be acutely aware of its products, their availability, popularity, and so on. Everything pertaining to your assets is important, and you need to have a way to keep...

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Planning software: Prepare for success

We are taught from a very early age that planning is an important – and even required – function of succeeding in nearly any aspect of life. It’s rarely a good idea to step out the door with no idea of...

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ChainDrive Planning (OTB)

Nobody jumps into business management without a plan. From the macro level where you envision your business’s brand, its products, its customers, and its size to the micro level where you’re looking at...

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Move On To Better Open-To-Buy Decisions

You’ve likely heard it said in real estate and stock investing that you make your profit when you buy. Nothing could be more true. It’s also true in retail. And it doesn’t matter what type of retail...

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How To Calculate Open-To-Buy

About.com has a page on Open-to-Buy wherein they teach you how to calculate OTB for a typical retail business. It’s a bit oversimplified, but the concept is good to understand. It’s a good primer for...

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How Do You Plan Your Buying Options?

One of the most important aspects of running a retail operation is the buying process. As the saying goes, “You make your profit when you buy.” That’s true wisdom. You can’t sell an item for a profit...

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Base Your Planning On Reality With OTB

The process of planning your merchandise sales and purchases so that you have the ability to restock when you need to — Open-to-Buy — can be daunting. It’s necessary, though, if you want your business...

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3 Ways Your OTB Planning Protects Your Profit

Open To Buy (OTB) planning protects your profit by establishing a safety margin of budgeted resources for the replenishment of your inventory. But the way you plan your OTB margin is really dependent...

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How Do You Need To See Your Data?

Some retailers are great at crunching the numbers. If they want to analyze what is going on in their business, they need percentages, digits, and columns of data in order to visualize what their...

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Is Your OTB Too Broad?

An OTB (Open To Buy) plan is essential for successful retailers, but often the plan isn’t as detailed as it should be. When there are no smaller segments in your broad OTB plan, it...

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Are You Ready To Buy For Next Season?

Planning is an important part of retail success, and Open-To-Buy allocations for the coming seasons are an important part of that plan. When there is no plan, it’s difficult to have the money to...

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Equip Your Planning Team With What They Need

Figuring out the next few seasons for retail is challenging, because there’s always going to be a sudden “gotta have it” item that is unique to a local region. Some fads sweep across the...

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