Mastering Open-To-Buy (OTB) Planning: Avoiding Costly Pitfalls in Inventory Management
Retail Smart Guys
NOVEMBER 15, 2024
Rely on Data, Not Gut Feelings Your inventory is your most significant investment. Instead, rely on sales data, trend analyses, and seasonal patterns. Regularly review point-of-sale (POS) reports to identify top-selling products and categories that need adjustment. What worked last quarter might not work next.
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