Open to Buy is an inventory management system.

Amanda Barbosa

2 years ago

Question 17 of 18

Career development

Open to Buy is an inventory management system.

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Retail Sales: Fundamental Formulas You Should Know

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18 questions (9 min)

Why?

Open to Buy (OTB) is an inventory management system that shows how much inventory a company needs to buy to meet customers' demands. It includes current inventory, inventory in transit, and any outstanding orders.

Source: "Open-to-Buy Planning for Retailers" by Matthew Hudson on thebalancesmb.com

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