Question: 6 months data should be in the chart below. I do not understand what other information you will need Creating an Open-to-Buy plan can help

6 months data should be in the chart below. I do not understand what other information you will need

Creating an Open-to-Buy plan can help you carefully manage merchandise across the business for the year. By using an open-to-buy plan, your able to find areas within your retail organization where you can save money to invest in other areas of the business. Using the Open-to-Buy Formula, calculate the dollar amount a 15% cost-savings would allow you to invest in another area of the business if you currently have $155,000 devoted to inventory.

6 Month OTB Plan June July August September October November
Beginning of the Month Inventory $155,000 $150,000 $152,000 $157,000 $157,000 $165,000
Sales $47,000 $48,000 $50,000 $50,000 $52,000 $48,000
Markdowns $1,000 $750 $750 $1,000 $1,500 $1,000
Open - to - buy (at retail) $43,000 $50,750 $55,750 $51,000 $61,500 $37,000
Open - to - buy (at cost) $17,200 $20,300 $22,300 $20,400 $24,600 $14,800
End of Month Inventory $150,000 $152,000 $157,000 $157,000 $165,000 $153,000

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