Buy, Buy, Buy! Sell, Sell, Sell!
That “Oops!” always appears when your buying exceeds your selling leaving you with too much inventory, markdowns, excess invoices and a negative cash flow.
“Oops” = not using an open to buy plan.
Avoid the “Oops” that is sure to come by setting up an open to buy plan NOW. A good open to buy plan will determine exactly how much merchandise you need in each of your departments each month for the next 12 months. And it’s all based on YOUR anticipated sales and YOUR desired turn rates.
Sales and turnover are the two elements that drive your store and should be the two elements driving your open to buy system. Your open to buy systems should also show you the results of each month – actual vs. projected – so you can see which way things are headed and allow you to make revisions up or down. These revisions are critical to keeping your open to buy system in tune with the reality of your store. Without these revisions and open to buy is just data collection going nowhere.
The easiest open to buy plan to understand and use is myotbplan.com. Being an online open to buy, it’s always available to you on your computer, tablet or smartphone. myotbplan.com works with any operating system and is supported 10 hours a day, every day of the year including weekends and holidays. When you call with questions, we log in to your data and answer your questions while looking at your information with you.
myotbplan.com has no contract and each subscription carries our Performance Guarantee, so there’s no risk. And myotbplan.com is the best value in the industry. If you’re working without open to buy, you’re asking for trouble by guessing about the needs of your store. If you are working with another open to buy system or service, that’s a step in the right direction, but it won’t be as easy, as accurate, as accessible, as well supported, or as affordable as myotbplan.com.
Take a look at our web site or just call with your questions. myotbplan.com insures that your inventory is leaner, better balanced, turning faster with fewer markdowns and always producing a positive cash flow. With myotbplan.com you’ll always know how much to buy and you’ll be ready for anything the reps throw at you in 2015.