NONE! You’re probably ready to stop reading, but hang on. Think about it for a moment. While reports are great, they are really autopsy information. You don’t want to know why your store died, you want to know how to make money and grow. Since your entire business revolves around your buying, it only makes sense that the most important information you can have is HOW MUCH TO BUY! There’s only one way to know that information, and that’s with open to buy planning.
All the other reports you can produce from your POS or accounting system are great, but ultimately what you must know in order to profit is “how much should I buy?” That’s the end product of a good open to buy plan. It needs to be based on YOUR anticipated sales and YOUR desired turn rates. Turnover is not only important, it’s critical. Turnover is how you make money in retail. Your goal is to make the maximum sales with the minimum inventory giving you the highest turnover. But as you raise your turnover it can get too high and jeopardize sales. That’s why you need open to buy planning to keep BOTH sales and turn growing.
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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