latest BLOG to help you...
created by two small business advocates
Our vision for OpenToBuy.co is to simply & affordably put the power of inventory management in the hands of retailers like you, to grow cash flow, increase profitability and dramatically improve your chances of success. For 100% of retailers (even those who aren't numbers people) we have helped, this is a “game changing” strategy that works.
Our super easy-to-use, cloud-based app uses our proprietary formula and the monitoring of key product categories, margins, projections, turns and more to ensure maximum ROI on your many times sizable inventory investment. Inventory made easy, is what we've created for you.
Open your Chrome, Firefox or MS Edge browser, follow the step by step directions and follow along in our "Set Up Your OpenToBuy.co" video series and in just a few minutes you're all set.
You may think QuickBooks or Shopify already does this for you...while we love these platforms, the fact is they don't, not even close. They do provide great data though, but they don't do what we've described above.
Our super easy-to-use, cloud-based app uses our proprietary formula and the monitoring of key product categories, margins, projections, turns and more to ensure maximum ROI on your many times sizable inventory investment. Inventory made easy, is what we've created for you.
Open your Chrome, Firefox or MS Edge browser, follow the step by step directions and follow along in our "Set Up Your OpenToBuy.co" video series and in just a few minutes you're all set.
You may think QuickBooks or Shopify already does this for you...while we love these platforms, the fact is they don't, not even close. They do provide great data though, but they don't do what we've described above.
managing your inventory financial data is NOW 100% easier
Our “Open-To-Buy” system was developed for both brick & mortars and e-commerce operations. Enhanced and tested over the past seven years to provide retailers like you with the power to successfully manage your inventory purchases easily and affordably. It automatically tracks, calculates and updates all areas of the OTB as information is entered to keep you up to date and knowing exactly where you stand with each category, every month and for the year.
It also tracks purchases by vendor to see where your dollars are being spent. It can be adjusted at any time and as actual sales and COGS (Cost of Goods Sold) are inputted following the closing of a month, the template automatically updates everything. Thus, you always know exactly where you stand with OpenToBuy.co.
It also tracks purchases by vendor to see where your dollars are being spent. It can be adjusted at any time and as actual sales and COGS (Cost of Goods Sold) are inputted following the closing of a month, the template automatically updates everything. Thus, you always know exactly where you stand with OpenToBuy.co.
follow for Larry's
financial tips
financial tips
(You'll Like It, We're 100% Sure.)
inventory can sink your business, it's time to take control
As a product-based business, the largest outlay of cash and greatest impact on your profitability is purchasing inventory.
There is a direct correlation and impact between inventory management, cash flow and profitability.
Having an Open-To-Buy strategy in place drastically reduces the possibility of cash flow issues, lost profitability through improper purchasing, and increases the possibility of realizing the full profit margin on items sold and less goods placed on sale at lower than retail pricing.
There is a direct correlation and impact between inventory management, cash flow and profitability.
Having an Open-To-Buy strategy in place drastically reduces the possibility of cash flow issues, lost profitability through improper purchasing, and increases the possibility of realizing the full profit margin on items sold and less goods placed on sale at lower than retail pricing.
OpenToBuy.co is your secret to success...
real-time intel is
now at your fingertips
reduce slow-moving inventory
& increase inventory turns
eliminate constant price
reductions & increase profits
conserve cash & ensure purchases
align with primary category sales
eliminate waste to keep
cash in your business
get back hours of your time to
now work ON your business
to grow & scale it
now at your fingertips
reduce slow-moving inventory
& increase inventory turns
eliminate constant price
reductions & increase profits
conserve cash & ensure purchases
align with primary category sales
eliminate waste to keep
cash in your business
get back hours of your time to
now work ON your business
to grow & scale it
there's no comparison, we want to help you
don't just take our word for it, ask our happy customers
“I don’t think we’d be in business if it wasn’t for the "Open-To-Buy" system. It has allowed us to manage our inventory and cash flow hand-in-hand. We can purchase inventory months in advance and know when to “put the brakes” on the buying when our actual sales were below plan or increase our purchases if our forecasts were exceeded by our sales. The "Open-To-Buy” system is an invaluable tool every retailer needs.”
(Home Decor: Brick & Mortar / E-Commerce)
“Since we started using the "Open-To-Buy” system, we’ve gained so much more control over our cash flow. Using the sales projections we make each month, we are able to get a clear sense of how much inventory we can bring in in any given month, and when to hold off on buying. It has been a great tool for understanding and growing our business.”
(Toys: Brick & Mortar / E-Commerce)
