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OPEN-TO-BUY “We are about at the end of another fiscal year and have had a very good year compared to years past in terms of maintained margin (up 3%). Thanks for working with me. I feel much more in control and my banker appreciates it!!” Lee L., New Jersey (outdoor apparel and camping equipment) For more client comments, click here. Are you tired of going to market and trying to decide how much to spend for each of your store's merchandise classifications? Do you hate ending each season with too much merchandise left over that has to be marked down drastically (which reduces your Gross Margin and Net Profit)? If so, you need to use a formal Open-to-Buy to help you buy for your store. With TRMA's Open-to-Buy service you will decrease your investment in inventory while seeing increases in sales, gross margin, profit and cash flow. We make it easy for you. You provide the monthly planned sales by classification: we will help you with the rest to get you started. Then at the end of each month, you send us your sales, markdown dollars, ending inventory, merchandise receipts and future orders (by month) by classification in retail dollars. We will update your Open-to-Buy, review it, and send it to you along with a letter outlining any problem areas we have identified with suggestions for improvement. We handle the Open-To-Buy details so you can manage your day-to-day business. See below for more information, |
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