What Is Open To Buy Anyway?

As you put an open-to-buy plan to work in your business, something a little magical starts to happen.

Your cash flow will improve... Your sales will go up... Your buying will get easier... Your stress will go down... Your profit will increase...

Open to Buy planning is that powerful.

Every successful retailer must know how to control their inventory. The work you’re about to do in this course may be some of the most important work you ever do for the overall health of your business, because your inventory is the lifeblood of your business.

It’s likely to be both your biggest asset and your biggest expense. And if you want maximum profit, maximum cash flow, and maximum peace of mind, you must manage that inventory like your business depends on it…

…because it absolutely does.

Open to Buy planning isn’t scary, and it isn’t just for big retailers with complex systems. It’s a clear, common-sense process that helps you figure out:

• How much inventory you should have on hand,
• How much merchandise you should receive every month,
• And how to make adjustments so your cash isn’t tied up in unsold merchandise.

In this course, WhizBang! Training co-founder and retail expert, Susan Negen, walks you through the six simple steps to building and managing a basic Open to Buy plan for your store. These are the exact video lessons from the Retail Mastery System and will teach you how to:

• Use past sales data to predict future needs—without falling for the “numbers don’t lie, but they don’t tell the whole truth” trap.
• Balance the science of inventory management with the art of retail intuition.
• Plus, you'll get spreadsheets and templates to help make running your plan a reality.

By the end of this short, practical course, you’ll finally understand how to balance your buying with your sales so you can have the right amount, of the right stuff, at the right time!