: Anticipated discounts or promotions that will reduce the retail value of your inventory.
Alternatively, some retailers include stock in the deduction to find the exact remaining budget: open to buy excel spreadsheet
: Forecasted revenue based on historical data and current trends. : Anticipated discounts or promotions that will reduce
: Inventory that has been purchased but not yet received. 3 Reasons to Use an OTB Spreadsheet 3 Reasons to Use an OTB Spreadsheet Maximizing
Maximizing Retail Profit with an 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)?
In the fast-paced world of retail, inventory is your greatest asset—but it can also be your biggest liability if not managed correctly. An plan is a strategic roadmap that helps you determine exactly how much inventory to purchase during a specific period to meet sales targets without overstocking.