Question

Open to buy (OTB)

06 Jan 2025
Answer :
Word Count : 223

Open to Buy (OTB) is a crucial inventory management tool used by retailers to control the purchasing process and ensure that they are neither overstocked nor understocked. It is a budgeted amount that a retailer can spend on inventory during a specific period, calculated based on existing stock, sales forecast, and planned receipts. The OTB _______ ___ _______ __________ ________ _______ ______ __________ ________ ________.
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