What Is The Goal Of OTB?
OTB — Open To Buy — can seem like a complicated secret formula involving a lot of time. But when you keep the goal of OTB in mind, this important aspect of retail planning...
View ArticleOTB and Automatic Replenishment Go Together
OTB, or Open To Buy, is certainly related to automatic replenishment strategies when retailers look at how to keep the shelves full of inventory in the coming season. But they are like some family...
View ArticleSix Aspects of Successful OTB Retail Planning
OTB — Open-to-Buy — is one of the basics in successful retail management. OTB provides that extra power to keep the inventory that is popular on the shelf. It does this by giving a...
View ArticleLearn From Past OTB Mistakes For Future OTB Success
OTB — Open-To-Buy — is a profitable concept when the planning works out as anticipated. When the plan fails, it can be costly but even failure is profitable when it becomes part of analysis...
View ArticlePlan Ahead But Respond Now With OTB
Retailers are accustomed to having a mind in the future because of the planning that has to happen before the right inventory is on the shelf at the right time. But retail planning also...
View Article8 Advantages of Software For OTB Planning
One of the biggest advantages to well-designed Retail Planning is the flexibility to buy products when the opportunity appears. After all, the right product has to be on the shelf before it can be...
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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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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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What Is The Goal Of OTB?
OTB — Open To Buy — can seem like a complicated secret formula involving a lot of time. But when you keep the goal of OTB in mind, this important aspect of retail planning is actually very simple with...
View ArticleClik here to view.
Six Aspects of Successful OTB Retail Planning
OTB — Open-to-Buy — is one of the basics in successful retail management. OTB provides that extra power to keep the inventory that is popular on the shelf. It does this by giving a retailer flexible...
View ArticleClik here to view.
Learn From Past OTB Mistakes For Future OTB Success
OTB — Open-To-Buy — is a profitable concept when the planning works out as anticipated. When the plan fails, it can be costly but even failure is profitable when it becomes part of analysis and you...
View ArticleClik here to view.
Plan Ahead But Respond Now With OTB
Retailers are accustomed to having a mind in the future because of the planning that has to happen before the right inventory is on the shelf at the right time. But retail planning also needs to...
View ArticleClik here to view.
8 Advantages of Software For OTB Planning
One of the biggest advantages to well-designed Retail Planning is the flexibility to buy products when the opportunity appears. After all, the right product has to be on the shelf before it can be...
View ArticleClik here to view.
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 nation and...
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The Top Requirement For OTB Planning
OTB — Open-To-Buy — is part of every successful retailer’s planning. But without the accuracy of the data, retail planning is an exercise in futility because the plans are based on guesswork. This is...
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What Is The Christmas Fad Of 2015?
By now, retailers have spent hours poring over the available data, hoping to have correctly predicted which Christmas 2015 fad will be flying off the shelves and leaving stores scrambling to restock....
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Why Do Retailers Need OTB Planning?
OTB — Open To Buy — should be part of every retailer’s planning no matter what size their operation is. Small retailers don’t have a lot of margin for error when it comes to sales volume and cash flow....
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