Open to Buy
One of the most essential functions in retail inventory planning just got easier.
First, import a budget by brand, category, department, class, etc. Then see how it lines up against Retail On Hand, Wholesale Available to Sell, On Order and Forecasted Sales by Month.
Combining the strength of ERS’ backend data management and intelligence with Microsoft’s Power BI enables retailers and manufacturers to manage inventory budgets not possible with spreadsheets.
Fully Customizable Views
Open to buy views are customized to each client’s needs. Budgets are linked to forecasted sales and inventory. Designed to be used by retailers or wholesalers, or in collaboration. Click on any element and drill to see what items within the brand or category are over or understocked. Integrates with existing ERS modules, like Inventory Health for quick diagnosis of opportunities or liabilities.
Track Open to Buy at Any Level
Every company plans a little differently. So we designed this tool to be flexible. Unlike other applications, you are not locked into specific screens or levels. Custom attributes enable you to plan at any level. Create custom views based on user groups- finance may only want topline, while inventory planners may want it by category and then items within category.
Easy Import and Management of Budgets
Budgets can be imported and managed at various levels using a provided spreadsheet template. You can even have multiple budgets for the same category/brand, etc. to conduct “what ifs” or comparative purposes. See where (and when) there’s money to spend or when you’re over.