What is an Open-to-Buy System? Mastering Inventory Control for Retail Success

Open-to-Buy (OTB) is more than just a retail buzzword; it’s a crucial financial planning tool. It empowers retailers to make informed purchasing decisions, optimizing inventory levels and maximizing profitability. At its core, OTB is a budget for merchandise purchases, helping retailers strike the delicate balance between having enough stock to satisfy customer demand and avoiding … Read more