Your Inventory Management Resource • Online 24/7
From very basic to advanced.
Inventory management how-to training and
"Just do it!" calculators.
For retailers, inventory is...
...the only thing that makes money for you;
...the thing that takes up most of your time;
...the part of your business that soaks up the most cash.
And something that never seems to be right!
How best to deal with inventory?
The pros in retailing use "Open-to-Buy" (by some name or another).
Why? Because an Open-to-Buy...
...can improve margins and profits.
...can reduce the time spent on inventory management.
...can greatly improve cash flow.
...can reduce markdowns by reducing excess inventory.
And, it can help have the right merchandise in your store at the right time...and avoid having excess stock!
Two remarkable online Open-to-Buy Calculators for managing inventory
How-to instructions built-in
MULTI-DEPARTMENT OTB Calculator with GMROI | SPEEDY Open-to-Buy Calculator
These Open-to-Buy calculators are built for busy retailers like you!
You don't need your bookkeeper (or your IT guy). Just a few minutes, and your good judgment! Hundreds of retailers already are using them – with NO problems! You should try them for 5 days...FREE!
We've proven they are easy for retailers to use
Entries go in fast. The formulas are all built-in; no spreadsheets to wrangle.
The Open-to-Buy Calculators do all the number-crunching "automagically".
IMMEDIATELY you will see:
• Monthly Open-to-Buys (how much inventory you should receive each month, maximum) based on your planned sales, margins and turns.
• Plus, the key number: resulting Ending Inventories for each month. Too high? Too low?
• Plus, the driver: see for yourself how inventory turnover affects all of inventory management.
• Plus, projected GMROI for that plan – the #1 productivity tool in retailing.
• Even compare your plan to Benchmarks for any of 53 retail segments.
All built in! You can't break it!
Now, you can delegate the buying with confidence. For as little as 41¢ a day! click to see WHY
But don't stop there!
The real power is comparing your choices, before you place any orders!
The Big Guys call this "financial modeling."
We call it, "Hmm. Wonder what would happen if I...?" click here | see more
There is no better or faster way
for retailers to guide and monitor inventory control!
Perfect for comparing "what if...?"
Perfect for controlling inventory!
Go HERE • Subscribe NOW!
As little as 41¢ a day!!
Still not sure? No worries.
No risk to try. First 5 days are FREE!
Click here. Let's go!
See all the FAQs about our Open-to-Buy Calculators
Click here for Frequently Asked Questions
Want to better understand Open-to-Buys and inventory control?
You are in the right place!
Whether you need a quick refresher on the basic 4-part formula for Open-to-Buy, want a better understanding of why turnover rate matters, or want to put the power of GMROI to work in your stores, this is the place for you!
The Retailer's Open-to-Buy Center includes a collection from The Retail Owners Institute® of The ROI's most popular resources and tools on inventory control.
No matter which Open-to-Buy Calculator you choose – the SPEEDY Open-to-Buy Calculator version or the more advanced MULTI-DEPARTMENT OTB Calculator with GMROI – you also get access to a specialized inventory control How-To Kit.
Perfect for refreshing yourself on the basics, or, helping you train your people.
From lively webinars to helpful how-to articles and online training courses, you'll have all the training you need to take full advantage.
All this exclusively about Open-to-Buy. And all with the promise that "Everyone will 'get it!'"
Unlimited online access to each of our proprietary Open-to-Buy Calculators includes access to a How-and-Why Kit focused on inventory management and control.
All this for as little as 41¢ per day!
Your choice: 2 access plans; 2 payment schedules
"Why does it cost so little?" Well, why NOT?!?
We agree; our two online Open-to-Buy Calculators are remarkable. And the proprietary content about inventory control in the Retailer's Open-to-Buy Center is unmatched.
But, the full value of all this depends on retailers like you actually using it!
So, we decided to make it easy and inexpensive for retailers everywhere to use it all. That's why the prices are so low, what we call Retailer-friendly!
Take advantage for yourself!
Why wait? Start today! Gain better control of your inventory.
Enjoy the peace of mind that can come with improved cash flow and higher margins!
Go Here | Start Your Access NOW!
Includes all the training and calculators you'll ever need
Merchandise management is both an art and a science.
The Buyer in a retail operation provides the art: taste and judgment in selecting product. The fun part!
And now, this Retailer's Open-to-Buy Center from The Retail Owners Institute® makes the science of merchandise management - "How much inventory?" "When?" - available to any retailer, anywhere, 24/7. For as little as 41¢ a day!
Controlling your inventory is job Number One. This Open-to-Buy Center includes all the training and calculators you'll ever need. Let's get cracking!
Retailers cannot work harder. But you can work smarter! The Retailer's Open-to-Buy Center is dedicated to making this happen!
Go Here | Start Your Access Now
Perfect for comparing "What if...?"
See the cause-effect results immediately, each time you change an input.
That monthly ending inventory number doesn't look quite right? Okay, change turns. What difference would that make?
Having second thoughts about reaching those sales numbers in some months? No problem; change expected sales in whatever months you want. It adjusts your Open-to-Buy automagically!
Gross Margins can be changed each month as well. Need to open up some Open-to-Buy dollars? Which months do you want some special promotions?
Plus, it also projects GMROI. That's Gross Margin Return on Inventory Investment – considered by The ROI to be the #1 measure of inventory productivity.
The MULTI-DEPARTMENT OTB Calculator with GMROI does this for each of the individual plans you enter, plus it generates some additional dashboards for you to quickly compare. And of course, it calculates the GMROI for the grand totals of all of your entries.
Make sophisticated comparisons of buying choices – before you place any orders!
Now, any retailer, anywhere, can know your Open-to-Buy in minutes, on demand. On your own. Automagically!
Nothing to download or install. It just works!
Online access, 24/7, whenever you need it.
Easy and fast for busy retailers.
No better or faster way for retailers to guide and monitor their inventory levels!
You don't need your bookkeeper (or your IT guy.) Just a few minutes, and your good judgment!
Entries go in fast. The Open-to-Buy Calculators do all the number-crunching "automagically".
• Monthly Open-to-Buys, based on your planned sales, margins and turns;
• Plus resulting Ending Inventories for each month;
• Plus projected GMROI for that plan.
All built in!
Getting started is easy!
Just 3 quick inputs, using the numbers you already know:
Immediately! See your monthly buying plan! Know your Open-to-Buy for each month*. And, see your targeted Ending Inventory levels for each month, the most important number for owners to monitor.
* the maximum amount of inventory to bring in that month to meet your goals for sales, margins and turns.
Used by hundreds of retailers worldwide!
Most of “the numbers” you might want to save – that is, your monthly Buying Plans – are generated by the Open-to-Buy Calculator, based on the few entries you input (planned sales and margins, etc.)
The best way to "save" those, once you have developed a plan you like, is to just print out a hard copy for reference. Do that by using the “PRINT ALL“ button.
In fact, depending on your computer and/or browser, you may be able to simply email a pdf copy of the plan.
These online Open-to-Buy calculators work "in the browser."
That is, your entries will be retained in the browser you use for input (e.g., Firefox, Chrome, Safari, Edge), subject to your settings for clearing its history.
No more worries if you are interrupted while working with it. When you resume, use the same browser and device, and your plans will be there! (Even if it is a few days later, so long as you have not cleared the history in that browser.)