Good inventory control is critical to ensuring an adequate level of stock is on hand for the amount of sales being generated. Having too much inventory (or the wrong type) during certain periods can slow your cash flow and reduce profits with too many markdowns. On the other hand, if you under buy and miss sales opportunities then you are not making your potential profit. A retailer can be sure to stock the right amount of the right products at the right time by using an Open-To-Buy (OTB) plan.
Benefits to Your Business...
Improve financial performance through increased sales, leaner inventories, and reduced markdowns
Accomplish by utilizing the built-in OTB module of our product or one of our interfaces
Find a feature-rich solution within our product that automates much of the planning process
A part of the automation suite, all updates happen automatically
Speed up the planning process and increases accuracy of information
Allows retailers to establish budgets down to a corporate, store, department, class and seasonal level
Each level can also be rolled up into the level above it for budgeting, planning, reporting, and monitoring purposes
Establish budgets by displaying key information such as Sales Dollars, Sales Through, Purchases, and existing Inventory levels for the selected entity, such as department or store, while creating the budget
Once the budget is established, retailers can monitor key information at any time and are presented with up-to-date information for the selected company, store, department or class
Features
1. Merchandise plan by retail shops 2. Provide purchase budget by category 3. Integrated with fashionPro core system
