Open-to-Buy (OTB)

Please select a featured image for your post

Fashion Business

Open-to-Buy (OTB) is a financial planning tool used in fashion retail that calculates the budgeted amount available for purchasing new inventory during a specific period, accounting for planned sales, markdowns, and existing inventory levels.

Deep Dive

The OTB Calculation

OTB is calculated by taking planned purchases (based on projected sales and desired ending inventory) and subtracting inventory already on order. This rolling budget ensures retailers maintain optimal stock levels without over-investing in inventory. The formula considers planned sales, planned markdowns, planned end-of-month inventory, and beginning-of-month inventory.

Why OTB Matters in Fashion

Fashion’s seasonal nature and trend sensitivity make inventory management uniquely challenging. OTB discipline prevents two critical retail failures: stockouts that cost sales and overstock that requires margin-eroding markdowns. Effective OTB management directly impacts cash flow, profitability, and a retailer’s ability to respond to emerging trends.

Modern OTB Management

Technology has transformed OTB from a spreadsheet exercise into a dynamic, data-driven process. AI-powered demand forecasting, real-time sales data, and automated reorder systems allow fashion retailers to adjust their OTB plans continuously, responding to actual consumer behavior rather than relying solely on historical patterns.

OSF Perspective

OSF sees OTB as one of the most underrated disciplines in fashion business education. While design and marketing capture attention, the brands that endure are those with rigorous inventory planning — ensuring the right product reaches the right customer at the right time without destroying margins.

Notable Brands

Nordstrom, H&M, Target