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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