Hi community,
Does anyone know how/ what features in ERPNext can help with open to buy (OTB)?
Definition of OTB:
OTB calculation is one of the most important tasks to master when starting a retail business. Failing to calculate the open to buy budget can be detrimental for the business, due to stock problems that will soon arise from improper planning.
Another definition:
In the retail context, Open-to-Buy (OTB) refers to the forecasted purchasing budget available for a specific period, ensuring that inventory levels are aligned with sales projections and financial targets. It serves as a dynamic guide to help retailers strategically plan and control their purchasing activities, ultimately maximizing profit margins and maintaining a balanced inventory.
