Do You Need POS or OTB? Or Both?

Both POS (point of sale) and OTB (open to buy) are incredibly useful systems for retailers. What type of merchandise you carry will determine if you need one or both of these system. If you are selling merchandise that does not change very much from season to season and your suppliers will always have a big stock on hand, POS will do quite nicely for your reorders and your accounting. In those situations where tracking and refilling is your mainstay, a good POS system will serve you well.

However, if you are selling fashion merchandise that is constantly changing season by season and your vendors are asking for orders months ahead of delivery, having a good OTB system is critical to your financial health.

Now many POS systems suggest that they incorporate OTB, but most really don’t. A min/max report is not an open to buy. So, here’s what you should look for from your POS (or OTB) system to insure that you will generate the buying numbers you need:

  1. Is your buying plan in RETAIL dollars?

  2. Is your buying plan by merchandise DEPARTMENT?

  3. Is your buying plan for EACH MONTH for the next 12 months?

  4. Is your buying plan based on YOUR anticipated SALES and desired TURN RATES?

  5. Is your buying plan based on turn rates that have been ADJUSTED to reflect the sales impact of each month?

  6. Is your buying plan ADJUSTED to insure that you have enough merchandise to support your strong selling months, but also to make sure you go into your weaker selling months with a reduced inventory?

These are some of the questions you should ask of either your POS system or your current OTB system (if you have one). If you cannot absolutely, positively answer YES to the above questions, your system is setting you up for unbalanced, bloated inventory, excess invoices, poor turnover, markdowns and cash flow problems.

The one OTB system that answers YES to all of those questions, is the most accurate and accessible available, is supported 10/7, has no contract and is guaranteed to improve your buying, inventory position, turnover and cash flow is myotbplan.com. And our system can act as a mini POS system and will keep track of your retail dollar inventory in each department. So smaller retailers can function without an expensive, time consuming POS system until they feel they are ready for it.

You owe it to yourself to support your store with the system that will provide you with the most benefit. For OTB, you need myotbplan.com.

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Subscription Information

By filling out the form below, you are merely indicating your interest in becoming a subscriber to myotbplan.com. The cost per store is $150 / month and includes 30 departments. Additional departments are available at 10 departments for $25/month.

We will call you (if you are in the US) or email you with additional information and ask for your credit card information as the subscription cost is charged to your credit card automatically every 30 days.

There is no contract and every subscriber is covered by our Performance Guarantee. The system is supported from 9AM to 7PM PST 365 days a year and you are encouraged to call as often as you have questions.

You will be required to read our general instructions before you begin filling in your data and there is detailed information about each screen on the screen you're working by simply clicking the Help icon at the top.

The program is easy to use, accurate, affordable, accessible, supported and guaranteed. It's simply the best open to buy plan available. We will contact you as soon as we received your information. Please be complete.

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You visited our site because you need an open to buy system or you are unhappy with the one you have. myotbplan.com is the best system available and there's no risk to subscribe because there's no contract and your results are guaranteed!

Why not call and let us answer your questions so you can get underway immediately and have your buying plan for the next 12 months. If you want us to call you, just click the Subscribe button below, fill out the form and we'll call you back to explain everything. There's no obligation when you fill out the form, you're only requesting a phone call. So, one way or the other, let's talk!