Every retailer knows that a little planning can go a long way, especially when it comes to running brick-and-mortar locations and online platforms. As for managing inventory, effective planning comes in the form of Open to Buy, as merchants are able to have greater insight into their stocking processes and make the necessary adjustments based on changing consumer demand.

Interested industry professionals who want to learn more about Open to Buy can sign up for this week's Retail Pro webinar on the topic. The event will be on Thursday, June 13, from 8 a.m. to 9 a.m. PDT. Registration information can be found at https://www2.gotomeeting.com/register/380156530.

E-Tailer's Digest writes that with Open to Buy planning, businesses can ensure they have enough inventory in stock to see positive return on investments and low markdowns. Customers are always changing their minds, and while it can be difficult to keep up with these new demands, Open to Buy gives merchants the chance to effectively forecast for these alterations by ordering the right products to keep in stock, the source explains.

At Retail Pro's Open to Buy webinar, presenters will cover the advantages, features and various elements of Open to Buy and show attendees how it can significantly improve their operations.

This entry was posted by Retail Pro on Monday, June 10th, 2013 at 11:34 am .