Open To Buy Definition [iPhone]

While specific variations exist, the fundamental logic behind OTB is:

Prevents over-committing capital by buying too much stock. open to buy definition

Ensures key products are available when customers want them. While specific variations exist

Helps identify slow-moving inventory, allowing for faster stock rotation. open to buy definition

is a financial budget and retail planning process that calculates the amount of merchandise a retailer can purchase within a specific timeframe. It acts as a guardrail to ensure businesses remain within their financial goals while maintaining enough stock to meet customer demand. Key Components of OTB