Too few retailers understand what TURNOVER is and how important it is. Simply put, turnover is what lifts retail above other investments – and yes, your store is definitely an investment. Being able to set your turnover through your open to buy plan allows you the opportunity to make more money. “The more you turn, the more you make!”
Turnover is the rate at which you deplete your inventory during the year. The goal of every retailer should be to raise their turnover. Increasing turnover reduces inventory and also markdowns. Fewer invoices yields improved cash flow.
So higher turnover should be your goal and the only way to achieve it is with open to buy planning. Once you project your future sales you then determine the turnover YOU want and the result will be your ideal beginning inventories for each month and your 12 month buying plan. By limiting your buying, you will select better items and skip the “dogs” that might be pushed on you. So everything about using open to buy planning is positive. The time required is minimal and the results are astounding!
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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