Every business needs a plan. Especially when it comes to buying. An open-to-buy plan is a retail inventory management tool that helps you figure out how much inventory you need to buy on a monthly basis to make your sales projections. It’s a guide for the amount of dollars you have to spend on merchandise, and constantly flexes based on how business is doing.
What we do
Through our monthly inventory management process, we work with you to develop realistic sales goals for upcoming months and the proper inventory levels you need to make these goals. We will also come up with an inventory investment budget by classification so when you go to market, you always know how much money you should be spending…and where you should be spending it!
What you get
- We will meet, in person or virtually depending on your location, with you every month to review/present your plan, talk about challenges and opportunities and trouble shoot any inventory and open-to-buy issues you may be facing.
- We will provide monthly plans showing sales, OTB dollars, markdowns, fresh factor, turns, inventory levels and on order.
- We’ll also teach you how to read a plan, play connect the dots with all those numbers and even do some pretty fancy calculations.
What you pay
We don’t mean to be vague, but our pricing for this service can vary. And in this case, we look at store volume, number of product categories (and significant vendors), growth and your specific needs. With some info, we can roll on a quote.
how to start
Fill out the form below to get a preliminary estimate and get started!