open to buy definition
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Open To Buy Definition -

Ensures key products are available when customers want them.

Plans can be broken down by entire store, specific seasons, departments, or even individual vendors. The Core Formula open to buy definition

Retailers use data rather than "gut instinct" to manage their inventory levels. An OTB plan typically factors in: The projected revenue for the period. Current Inventory: The physical stock already on hand. Projected Markdowns: Discounts expected during the period. Ensures key products are available when customers want them