Open To Buy Excel Spreadsheet [FAST]

To build your spreadsheet, you need to understand the fundamental calculation. The standard retail formula for OTB (expressed in retail dollars) is:

: The retail value of stock on hand at the start of the period.

: Forecasted revenue based on historical data and current trends. open to buy excel spreadsheet

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)?

Maximizing Retail Profit with an Open-to-Buy Excel Spreadsheet To build your spreadsheet, you need to understand

: Inventory that has been purchased but not yet received. 3 Reasons to Use an OTB Spreadsheet

OTB=Projected Sales+Planned Ending Inventory−Beginning Inventory−Already on OrderOTB equals Projected Sales plus Planned Ending Inventory minus Beginning Inventory minus Already on Order Key Components of an OTB Excel Template While high-end retail management systems exist, an remains

: Anticipated discounts or promotions that will reduce the retail value of your inventory.