systems are generally used for merchandise tracking on a monthly basi
A)Fashion merchandise
B)Open to buy
C)staple merchandise
D)None of these
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Answer:
B open to buy
Explanation:
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Open-to-buy systems are generally used for merchandise tracking every month. (Option B)
- It helps a retailer stock the right products at the right time by showing the need in inventory and how much is available.
- Having a solid handle on hand to meet demand slows your cash flow and reduces profits.
- At the same time, underbuying a product and damaging the customer experience when products are out of stock becomes easier to skip the purchase entirely.
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