For EVERY retailer, inventory is:
-
the only thing that makes money for you;
- the thing that takes up most of your time;
- the part of your business that soaks up the most cash;
- and something that never seems to be right!
How best to deal with inventory? The
pros in retailing use
"Open-to-Buy" (by some name or another).
Why?
Because an Open-to-Buy can
improve margins and profits. It can
reduce the time spent on inventory management. It can
greatly improve cash flow. And, it can help have the
right merchandise in your store at the
right time...and
avoid having excess stock!
While most retailers have heard of the inventory managing tool "Open-to-Buy", it has been shrouded in mystery. Too complex and/or too expensive.
Up until now!