Open To Buy Planning

Stay on Top of your Merchandise Money

Use This Great Retail Solution

This Open To buy Merchandise Planning System was a business saver for me.

Several years ago I purchased a retail business that had a lot of old inventory. I wanted to make my own choices but I purchased too much new inventory. At the end of my first year the problems hit me hard. I had too much merchandise and I had to sell a great deal of it at reduced prices. My Gross Margin return on investment (GMROI) was terrible and operating cash flow was about 1.10. I knew this could not continue - it was my responsibility to make the changes.

So I went back to some classes and books from college. I relearned from many hours of work, and through trial and error I put together my own Open-to-Buy Plan to help me refine my purchases. I used this system from that point forward for many successful years with several retail stores. I believe in this absolutely. I never, ever had an out of control inventory again, and my GMROI increased substantially!

Get Control of Your Inventory

Set up an Open To Buy system up for yourself. You control it and make adjustments based on your business and what it needs throughout the year.

The Open To Buy Planning System is Easy to learn. My program gives you step-by-step guide to help set it up for yourself.

Buy the Open to Buy Learning Program for $20

You will receive 4 email installments of the Open To Buy learning program that will help you set up your own system.

Inventory Productivity and GMROI

The most basic ways to measure inventory are turnover and gross margin return on investment -- GMROI

The easy way to measure retail is on sales performance. It is the top line; the number everyone looks at the first thing on Monday morning. But don’t get the idea that as long as sales are ahead everything else will follow. Most of the time profits and cash flow follow sales increases, but believe me, not always. What happens when sales are off?

Your inventory of merchandise is the main generator of revenue, profits, and cash flow. Typically inventory makes up 75% to 85% of your financial assets. The retailer must manage and plan their inventory constantly. Use an Open to Buy Plan. In these economic times, it will mean the difference between staying in business and having to find a different job.

Money and Inventory

In ordinary times Cash is King. When sales begin to slump and costs continue to rise–suddenly cash claims a new title “ Emperor of the Universe.” How do you like that title? These days’ entrepreneurs need to be creative to maintain cash flow.

Inventory – Make a careful and detailed cash-flow projection before you do anything.

Don’t rely on your accounting software to do it for you. Few if any software packages do not do this job or manage to do it well. You must be involved, as this is about your largest business asset. If you do not use or understand Open-to-Buy Purchase Planning - now is the time to learn about it and how to use it.

Buy the Open to Buy Learning Program for $20