While high-end retail management systems exist, an remains a solid, accessible tool for many small to medium-sized businesses to gain control over their cash flow and inventory levels. What is Open-to-Buy (OTB)?
: The target stock level you want to have remaining to support the following month's sales. open to buy excel spreadsheet
: Inventory that has been purchased but not yet received. 3 Reasons to Use an OTB Spreadsheet While high-end retail management systems exist, an remains
Alternatively, some retailers include stock in the deduction to find the exact remaining budget: While high-end retail management systems exist
: Anticipated discounts or promotions that will reduce the retail value of your inventory.
Maximizing Retail Profit with an Open-to-Buy Excel Spreadsheet