What is daVinci Open-to-Buy?
daVinci Open-to-Buy (OTB) is a software application that gives retailers the ability to develop and manage their strategic financial omnichannel merchandising goals. Your planning team can identify opportunities to increase or decrease product category inventory investments according to trends, margin goals, and merchandise strategies from senior management. These merchandise plans and detailed open-to-buy plans provide a critical roadmap for buying and managing inventory levels to drive profitability and maximize inventory turns for every channel of your business.
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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.
- Model what-if scenarios 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 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.
Seamless integration with actual updates and buy reconciliation to daVinci Buying and Assortment Planning to ensure adherence overall financial plan.
