Having the right products at the right place at the right price at the right time for the right customer is the challenge that confronts all retailers, all the time. This eLearning Kit is designed to help meet that challenge.

The solution is both an art and a science. The Buyer provides the "art": taste and judgment. This eLearning Kit teaches the "science", the math, of projecting and controlling inventory.  In this Open-to-Buy Basics Kit from The Retail Owners Institute^®, you will learn:

• how managing inventory turns enables you to control inventory;

• how to automate the number-crunching of Open-to-Buy planning;

• how to use the BUYING PLAN Forecaster to quickly generate your own Open-to-Buy plans.

This eLearning Kit includes an online, self-paced training course on Projecting & Controlling INVENTORY BUYING featuring explanatory how-to content, example case studies, a specialized online calculator, and yes, even a final quiz. (Further demonstrating that "Everyone will 'get it'!")

• How to control inventory by managing Sales, Margins, Turns, and On-Order;

• How and why to do an inventory buying plan;

• The four-part formula for inventory buying (also known as "Open-to-Buy");

• What turnover is, and how to set turnover targets;

• How retail sales seasonality affects inventory buying;

• How to use the online BUYING PLAN Forecaster to "automate" Open-to-Buy planning.

The BUYING PLAN Forecaster is an online, "in the cloud" calculator specifically for retailers. As a training tool, it shows the cause-effect relationships of managing inventory. And, as a practical working tool, it enables retailers to do their own Open-to-Buy plans, in nanoseconds!

• Enter expectations for sales and margins

• Set targeted turnover rate

• Immediately see monthly buying plan

• Also see GMROI for that plan

• Enter Merchandise On Order; immediately see Net Open-to-Buy

• Make any changes to sales, margins, turns - immediately see new Open-to-Buy plan.     

Registered Users of the Open-to-Buy Basics Kit have unlimited online access, 24/7.

Go through the self-paced online training course, Projecting & Controlling INVENTORY BUYING. Learn step by step, at your own pace. As many times as you want. Full 90 day access. 

Then, automate the number-crunching!  Use the "in the cloud" BUYING PLAN Forecaster as much and as often as you wish for 90 days. Experience the cause-effect dynamics for yourself.  No additional cost.  Online, on-demand, 24/7.