While POS is valuable in looking back to see what sizes you sold, how each vendor did, and other data (primarily accounting), an OPEN TO BUY plan is critical if you want to have the RIGHT AMOUNT of merchandise in the right category at the right time to support your sales, give you the desired turn rates, fewer markdowns and a positive cash flow. You can succeed without POS, but you will only struggle without OTB.
The life blood of every retailer is merchandise, but too much will only cause problems. Too little will mean missed sales. You can’t figure it out in your head because there are too many variables. A great open to buy plan will make merchandising much easier and less stressful while SAVING YOU TIME. MARKDOWNS will break your back and rob you of the profits you deserve.
You are in retail to be creative, but that creativity needs to be based on a solid foundation of buying numbers. Open To Buy is the answer to HOW MUCH SHOULD I BUY? Once you are set up with a good open to buy, you’ll always have the answer.
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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