How much inventory is in your store?

Weird question, huh? Well, maybe not so weird. But before I explain, do you know how much inventory is in your store? Knowing the total would be a good start, but how much is in each merchandise department? How much of that is current and how much should be marked down? How much is just old and unsaleable?

Most retailers don’t concern themselves with this type of information, they just keep buying because that’s what’s fun. What’s more fun than getting in shipments of new merchandise, opening the boxes and hearing the “oooows” of delight from your staff and customers? But that older stuff, we just keep pushing it around. And that older stuff, it’s your profits that will never materialize.

Now you have all sorts of inventory information on your Point of Sale (POS) system, but do you look at it before you buy more? And how do you make sense of all the departments and the seasons and what about turnover? Actually, it’s a bit mind-boggling, but there’s an easy way to deal with it. Open to buy planning will keep track of your inventory and tell you how much to buy based on what you expect to sell and the rates of turnover you want to achieve in each department.

Sound good? Of course it does, and yet most retailers shy away from open to buy planning since they think it will get in the way of their creativity. Nothing is farther from the truth. While you are a very creative person and want your store to reflect your vision, your store is mostly your vehicle to make money. Once you lose sight of that, you’re in trouble.

Open to buy planning will develop YOUR buying plan based on YOUR projected sales and YOUR desired turn rates. The calculations begin with YOUR actual inventory and so the buying plan is tailored specifically for YOUR store. Now if you take that buying plan as the gospel and use your creativity to choose the best available merchandise, you’ll never again have to worry about how much inventory your have and how much needs to be marked down and how much is unsaleable. Why? Because your open to buy plan will insure that your inventory (chosen with your creativity) is always correct to meet YOUR sales at YOUR turn rates.

And that’s the only answer that you need.

See all posts.

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.

Subscription Form

Subscription Form

All fields required
Address
Sending

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!