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: The retail value of stock on hand at the start of the period.

A functional OTB spreadsheet should include columns for each month or week of the planning period (typically 6 to 12 months). Essential data rows include:

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

At its core, OTB is an inventory budgeting system. It calculates the dollar amount or unit count of merchandise a retailer has available to purchase after accounting for current stock on hand and outstanding orders. The Core OTB Formula

: Forecasted revenue based on historical data and current trends. : The retail value of stock on hand

: Anticipated discounts or promotions that will reduce the retail value of your inventory.

Maximizing Retail Profit with an Open-to-Buy Excel Spreadsheet The standard retail formula for OTB (expressed in

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.