The Inventory Genius Podcast

Creating An Open To Buy (A Buying Budget!!)

Mar 30, 2021
Learn about the significance of an open-to-buy in boutique businesses and how it helps maintain inventory levels and achieve sales goals. Discover the importance of offering variety on online stores and how a buying budget helps ensure enough inventory. Explore the three essential steps to create an open-to-buy tool and understand how to calculate and use it as a buying budget for retailers.
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Episode notes
1
Introduction
00:00 • 4min
2
The Importance of Variety, Inventory Management, and Buying Budgets
03:57 • 2min
3
Creating an Open To Buy and a Buying Budget
05:54 • 4min
4
Understanding the Importance of Open-to-Buy and Inventory Management
10:10 • 3min