Glossary

Open-to-Buy

Tags: Glossary

A retail category management technique which identifies merchandise budgeted for purchase during a certain time period that has not yet been ordered. It is also the process of planning merchandise sales and purchases. OTB budgets are typically set by commodity group rather than supplier. Also see Open-to-Receive. OTB = Planned Sales +Planned Markdowns + Planned Inventory - Actual Inventory - On Order - Actual Sales