Open To Buy Definition Today

Retailers use data rather than "gut instinct" to manage their inventory levels. An OTB plan typically factors in: The projected revenue for the period. Current Inventory: The physical stock already on hand. Projected Markdowns: Discounts expected during the period.

Plans can be broken down by entire store, specific seasons, departments, or even individual vendors. The Core Formula open to buy definition

The target stock level for the end of the period. Why Retailers Use It Retailers use data rather than "gut instinct" to

While specific variations exist, the fundamental logic behind OTB is: the fundamental logic behind OTB is: