What is daVinci MFP and Open-to-Buy?
daVinci Open-to-Buy (OTB) is a core component of daVinci’s Merchandise Financial Planning (MFP) software, enabling retailers to develop, execute, and manage strategic, omnichannel merchandising and financial plans. As a rolling OTB function, it empowers planning teams to proactively identify opportunities to increase or decrease category-level inventory investments in response to trends, margin targets, and evolving merchandise strategies. Together, the merchandise financial plan and OTB provide a structured roadmap for buying and inventory control, helping retailers optimize inventory levels, improve turns, and maximize profit across all channels.
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What is Open-To-Buy
Maximize your Potential in Every Product Category
Analyze past results and current strategic direction to construct your open-to-buy plan by omnichannel with visibility to the top hierarchy levels.
- Identify category opportunities to increase or decrease based on trend or forecast.
Scenario Planning with and multiple versions to keep track of conservative or aggressive strategies to achieve your financial goals.
Optimize Inventory Levels
Connect your inventory planning to your sales goals by omnichannel or at the total level for maximum flexibility and visibility to meet demand.
Incorporate markdowns and other reductions into your inventory and receipt plans.
Leverage built-in industry best practice key performance metrics to improve your inventory investment.
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Inventory Demand Planning in Retail
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All about Retail Margin Planning
Increase Margins
Account for margin influencers like shrink, transfers, returns, and adjustments.
Make comprehensive plans for promotional and/or permanent markdowns.
Maintain constant visibility to each channel’s key margin metrics and at the total company to ensure your merchandise plans achieve profitability goals.
Pre-season and In-Season Planning
Robust plan seeding capabilities and seamless integration to in-season actualization to reduce the amount of manual data manipulation.
Enterprise approval capabilities to protect plans throughout the enterprise: multi-user; multi-manager; streamlined approval process.
Flexible in-season open-to-buy (OTB) planning to adjust to changing business needs.
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Fundamentals of Merchandise Planning
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Why is MFP critical to your Bottom Line?
Confidence in the Process
Centralized multidimensional database with a guided workflow to ensure standardized planning for the entire team.
A robust calculation engine provides the team with confidence, a single version of the truth, at any level by any channel or business. Use a top-down or bottom-up approach at any level of your merchandise hierarchy.
Target Plan Feature: Introduce a planning version called Target Plan, enabling managers to share a top-down version of the plan with their teams for goal-post planning. This ensures alignment and clarity before moving into detailed planning.
Approval Workflow for Accuracy: Our approval process empowers managers to approve plans—whether original or revised—before transitioning into execution. This step ensures accurate Open-to-Buy (OTB) planning and confidence in financial commitments.
Seamless integration with actual updates and buy reconciliation to daVinci Buying and Assortment Planning to ensure adherence overall financial plan.
