Open: To Buy Definition

What is Open-to-Buy (OTB)? Definition, Meaning & Examples - Board

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. open to buy definition

Helps identify slow-moving inventory, allowing for faster stock rotation. What is Open-to-Buy (OTB)

Ensures key products are available when customers want them. What is Open-to-Buy (OTB)? Definition