Question
Open to buy (OTB)
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 system helps retailers ___________ ___________ __________ ____________ _____ ______ ______ __________ ______.
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Shopping Products and Specialty Products
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Direct Expenses and Indirect Expenses
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