Gone are the days of manual planning in retail. Retailers are embracing technology to streamline their operations and take their businesses to the next level. Enter open-to-buy software, the game-changer that’s revolutionizing the retail industry.
Open-to-buy (OTB) software is a planning tool that helps retailers manage their inventory and finances more effectively. Instead of relying on manual spreadsheets, OTB software provides real-time data and insights to help retailers make informed decisions.
Here are 5 reasons why retailers are ditching manual planning and adopting OTB software:
- Increased Accuracy: OTB software provides a more accurate picture of retail operations. It takes into account real-time sales data, inventory levels, and financial projections, allowing retailers to make better-informed decisions.
- Time Savings: Say goodbye to manual spreadsheets and hello to time savings. OTB software automates the planning process, freeing up valuable time for retailers to focus on other areas of their business.
- Better Budgeting: OTB software helps retailers stay within budget. It provides real-time financial projections, allowing retailers to make adjustments as needed to ensure they stay on track.
- Improved Inventory Management: OTB software provides a more accurate view of inventory levels, allowing retailers to avoid overstocking or stock shortages. This leads to better decision-making and improved bottom-line results.
- Enhanced Collaboration: OTB software makes it easy for retailers to share data and collaborate with suppliers and other stakeholders. This leads to more efficient operations and better outcomes for all parties involved.
TL;DR – retailers are embracing open-to-buy software to take their operations to the next level. With its real-time data and insights, OTB software provides retailers with the tools they need to make better-informed decisions, stay within budget, improve inventory management, and enhance collaboration with suppliers and other stakeholders.
