Sadly, Americans are obese! They continue to eat too much of the wrong foods. There’s many reasons, but they need to fight the urges or they’ll die.
The same can be said of retailers’ inventories. They’re obese. Retailers overbuy and there’s many reasons for that as well, but the biggest problem is that they are buying without a plan. When that happens, they are under many stresses from their customers, their reps, their staff, the manufacturers, and time. Yes, time, because retailers have so much to do, they rush and make mistakes that are costly. Excess invoices, bloated inventories, markdowns, slow turnover, and poor cash flow are the results – over and over again.
Only an open to buy plan will end this cycle by setting up a buying plan based on current inventory, planned sales and desired turn rates. You’ll know where your inventory and your future orders must be thinned out. Taking steps toward those ends is the same as following science to avoid Covid. It will take a while, but must be done and only open to buy can make it happen.
myotbplan.com is the best open to buy system available! It’s easier, more accurate, more accessible, better supported, the only one that’s guaranteed and has no contract. You have nothing to lose and so much to gain. Call 310-829-5148 today with your questions or just fill out the no obligation Subscribe form online and we’ll call you. Why wait?
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