Know How Much to Buy for Your Business with OTB (Open to Buy)!

1. Know How Much to Buy for Your Business with OTB (Open to Buy)! OTB is absolutely a new word to be discovered, and how do you think it can help a business owner in the constantly changing market. Let’s have an overview of that. Many of the business owners, such as a retailer, wholesaler, or an exporter & importer, face lots of troubles while managing stocks in their inventory. They buy new products without any information in hand. The product or item purchased today could have a demand in the current market, may not have the same value in the future. The demand and supply of any item related, it could get affected by fluctuating marketing conditions. Changing trends, take for an instant in the world of fashion, also affects the buying nature of the retailers. However, many of them end with loss due to overbuying, excess invoices, markdowns, and cash overflow problems. The suppliers even encourage them to buy more, instead of additional time for payments. Guessing is really dangerous in the competitive market; you desperately need full-proof planning and plotting to control your buying habit and maximize profit. Open to Buy or say OTB is one such mathematical tool that enables business owners to forecast their buying needs and reap maximum profit in every economical condition.

2. Open to Buy is – Easy to Use Basically, OTB is a technical tool that enables business owners to forecast their buying needs 12 months earlier. It utilizes the data from anticipated sales and desired turnover rates. This gives a mathematical data, based on that the open to buy clearly shows the number of products required in the current situation. It is easy to use and simple; anyone can use it with the help of all the explanations provided for every screen. OTB guarantees a more targeted buying environment for every business. Accurate and accessible The open to buy software is safe and accurate. Know how much to buy; do proper planning for buying purpose for your strong selling months as well as your slower month with the help of this mathematical tool. The program will clearly show up the trends up and down in each department and allows you to make revisions to keep your buying plans accurate. With OTB, it is sure that your turnover will increase; you will have a leaner and balanced inventory. Markdown will lower, and cash flow will increase. Open to Buy platform provides thorough and clear inscriptions of your business in the present and future. Affordable When speaking about business, cost on inventory management tools should be kept a minimum. After all, it is an additional investment for your business thankfully the best one too. Open to buy comes exceptional pricing as compared to other systems and services. If you will look into the benefits it has to offer; you will consider the cost as a drop in the bucket. Bottom Line Open to buy program is easy, simple, and can control your buying with the mathematical procedure. Use Open to Buy software to improve your buying, control your inventory, and raise profits. Avoid unnecessary loss and wastage of time and money. Get an advanced software solution to manage your profit in a planned manner. To know more, you can visit the website directly!