Open To buy- Retail Merchandising Planning
What you'll learn
- Open To Buy Management- Increase cash flow for your retail business by planning your merchandise buying better
- Just pen and paper if you want to take notes
In today's world of uncertainty, when retail across the world is crying, it is important that cash flow of the business is preserved for long term sustainability. One of the best ways to do is to manage the inventory of the business, where maximum cash of the retailers is invested. We can effectively do this using OTB ( open to Buy) management. OTB is a budget that can help retailers know how much they need to buy in order to manage their business effectively. With the help of this technique many retailers can save themselves from the situations of over stocking or under stocking. With the help of this course we aim to educate all retailers or people pursing their career in Retail planning as to how they can simply implement this Open to buy technique and how they can create self managed excel based rolling budgets without spending hundreds of thousand dollars on fancy tools. This course will provide step by step methodology to charter out OTB ( open to buy plan) and manage merchandise optimally.
Who this course is for:
- Anyone who is new to the area of Merchandise Planning
- All Retailers big or Small
- Students and professionals with an interest in buying and merchandise planning
I am a retail professional with more than 15 years of experience in Retail Industry. I Have worked across the globe in various Luxury and Mass brands in all categories like Apparel, footwear, grocery, Hardware etc. I have served key roles like heading Merchandise planning, Key Accounts planning etc.
I have MBA is Fashion Retail Management. With my Expertise in Merchandise Financial Planning, i have worked as Subject matter expert for various companies to streamline and train their employees about Open to buy management.
I have won various awards for effective Inventory management and bailing out companies from Over stocking situations.