Even experienced retailers can make inventory planning mistakes that lead to overstocking, missed sales, and reduced profitability. Relying too heavily on historical sales, inaccurate forecasts, and manual spreadsheets can make it difficult to respond to seasonal demand and changing market conditions.

Discover the seven biggest mistakes retailers make with Open-to-Buy planning and how to avoid them. Learn how to improve seasonal inventory transitions, evaluate competitor activity, and incorporate real-time sales data, promotions, and market trends into purchasing decisions to maintain healthier inventory levels and protect cash flow.

Key topics:

• Understanding the risks of relying solely on historical sales data
• Avoiding seasonal planning mistakes that affect inventory turnover
• Reducing errors caused by manual processes and spreadsheet-based planning
• Improving demand forecasting to prevent overstocking and stockouts
• Using competitor research and market trends to guide purchasing decisions
• Incorporating real-time sales data and promotions into Open-to-Buy planning
• Developing flexible inventory strategies instead of one-size-fits-all plans

Plus, learn practical strategies for avoiding common Open-to-Buy mistakes, improving inventory control, and making more profitable purchasing decisions ahead of the holiday season.

Who should attend:

Retail business owners, merchandise planners, buyers, inventory managers, and retail operations teams looking to improve Open-to-Buy planning, reduce inventory risk, and protect profit margins.