The Coronavirus is no longer a foreign problem, it’s now a domestic one as well. But even if it was only in China, it’s causing disruptions in commerce all over the world. Your suppliers are slowing down, transportation is suspended and it just gets worse as the news comes out.
We are fortunate in the US that it’s moving very slowly to begin with and we are all told not to panic. But you need to be on top of your inventory position as your sales slow down from all the factors impacting your merchandising. This is certainly not the time to figure that everything will be all right. We hope it will be, but the best defense is always to be prepared.
You can be totally prepared with open to buy planning. A good system will keep you posted as to whether your sales are increasing (that would be nice) or declining and by how much so you can make changes to your future projections. If you avoid this critical merchandising tool, you are simply putting yourself at risk. There’s no need to panic, but there is need to get open to buy set up in your store ASAP!
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 at or just fill out the no obligation Subscribe form online and we’ll call you. Why wait?
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