Open To Buy Excel Spreadsheet -

OTB=Projected Sales+Planned Ending Inventory−Beginning Inventory−Already on OrderOTB equals Projected Sales plus Planned Ending Inventory minus Beginning Inventory minus Already on Order Key Components of an OTB Excel Template

: The retail value of stock on hand at the start of the period. open to buy excel spreadsheet

In the fast-paced world of retail, inventory is your greatest asset—but it can also be your biggest liability if not managed correctly. An plan is a strategic roadmap that helps you determine exactly how much inventory to purchase during a specific period to meet sales targets without overstocking. Alternatively, some retailers include stock in the deduction

Alternatively, some retailers include stock in the deduction to find the exact remaining budget: open to buy excel spreadsheet

Maximizing Retail Profit with an Open-to-Buy Excel Spreadsheet

To build your spreadsheet, you need to understand the fundamental calculation. The standard retail formula for OTB (expressed in retail dollars) is:

: The target stock level you want to have remaining to support the following month's sales.