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OPEN TO BUY DEFINITION. OTB stands for Open-to-Buy. It is the amount you need to buy products with, in order to achieve the set sales budget for a certain period, usually 6 months. It is calculated at cost and assigned to different product categories based on each category’s contribution to total sales.
Meaning; OTB: Off-Track Betting: OTB: Outside the Box (various companies) OTB: On the Bus (various companies)
Open-to-buy (OTB) is an inventory management system that works with your retail business. It's the amount of merchandise your retail store can buy during a certain time period. In other words, it helps determine the amount of inventory that you will need to purchase to meet customer demand while maintaining a positive cash flow.
An Open-To-Buy relates directly to retail merchandise, is structured specifically to address the needs of retailers, and is a tool designed to assist retailers manage and replenish their most significant asset, their inventory investment. An Open-To-Buy is a budget, and involves the full range of budgetary functions.
OTB or BOB. Certification. Certified Revenue Management Executive (CRME) Certified Hospitality Digital Marketer (CHDM)- Hotel. Certified Hospitality Business Acumen (CHBA) Online Training. Glossary. Revenue Certificate Workshop Resources. Template Job Descriptions, More slideshows & videos, whitepapers.
This page is all about the meaning, abbreviation and acronym of OTB explaining the definition or meaning and giving useful information of similar terms. OTB Stands For : Off Trial Balance | Orix Trust and Banking | On The Ball | On Time Bonus | One Term Blunt | Open To Buy | Outside The Box | Open To Buy. « First.
What does OTB abbreviation stand for? List of 155 best OTB meaning forms based on popularity. Most common OTB abbreviation full forms updated in September 2021