OTB: Option to Buy (real estate) OTB: Off to Bed: OTB: Obey the Brave (Canadian band) OTB: One Touch Backup: OTB: On the Bum: OTB: Object Time Base: OTB: Offer to Beat: OTB: Out-of-the-Box: OTB: Open-To-Buy: OTB: On the Border (Mexican restaurant) OTB: Occupy the Banks (politics) OTB: Off The Back (used when a racer has been left behind) OTB: Ontario Trillium Benefit (Canada) OTB
Open-to-buy (OTB) is an inventory management system that works with your retail business. It's the amount of merchandise your retail store can buy during a certain time period. In other words, it helps determine the amount of inventory that you will need to purchase to meet customer demand while maintaining a positive cash flow.
OPEN TO BUY DEFINITION. OTB stands for Open-to-Buy. It is the amount you need to buy products with, in order to achieve the set sales budget for a certain period, usually 6 months. It is calculated at cost and assigned to different product categories based on each category’s contribution to total sales.
OTB: Online Turn Based (chess) OTB: Over Target Baseline (budgeting) OTB: Over the Boards (hockey website) OTB: Organisasi Tanpa Bentuk (Indonesian: formless organization) OTB: Operations Training Branch: OTB: One Time Buy: OTB: On Target Bonus: OTB: Outside the Brick (Lego forums) OTB: Olympus Terumo Biomaterials Corporation (Japan) OTB: Object Transaction Broker: OTB
OTB: Owning The Best. Community. Rate it: OTB: Orix Trust and Banking. Business » Banking. Rate it: OTB: Off Trial Balance. Business » Accounting. Rate it: OTB: One Trashy Beeeoottch. Miscellaneous » Unclassified. Rate it: OTB: Out of the Box. Miscellaneous » Unclassified. Rate it: OTB: Over The Bridge. Miscellaneous » Unclassified. Rate it: OTB: Over The Beach. Miscellaneous » Unclassified
An OTB can be calculated in units or dollars, but is usually calculated in terms of cash as there are variations in costs between products. OTB plans are also incredibly flexible — apply it to a single product category, a department, or across your entire retail business.
Once the merchandise on order is subtracted from the planned receiving figure you have your OTB number. OTB plans are typically done for a season, say spring or fall, and generally, though not always in six month increments depending on the commitment requirements of the particular classification. A good planning program is not static.