The remaining inventory purchasing budget for a period, based on planned sales, stock and existing commitments.
Open-to-buy gives buyers a way to monitor how much inventory purchasing capacity remains within a merchandise plan. The calculation brings together sales expectations, target stock levels and purchases already committed for the period. As actual sales, stock and orders change, the available budget can be reviewed against the original plan. This helps a team decide whether it has room for further orders or needs to restrain new commitments. Figures may be expressed at cost or retail value, so the basis and period must be clear before budgets are compared.
In job listings
Holt Renfrew’s Toronto associate buyer managed open-to-buy with the buyer and planning team. They reviewed inventory performance and profitability, then responded to changes in demand, logistics and trends. The available buying budget helped connect those changes to decisions about further orders. Search local jobs for “buyer”.
