Learn Inventory Management
Learn the basics of inventory management through the following resources
INVENTORY MANAGEMENT BASICS
Open to Buy (OTB) : The Complete Guide
This is a complete guide to the OTB (Open-to-Buy) concept in retail
You will learn about:
OTB Definition
Retail Buying Plan Template Components
Open to Buy
Aging Inventory
What is Aging Inventory? Aging inventory is the inventory that has been received and trading for a long period of time (typically 6 months &
Stock Obsolescence
What is Stock Obsolescence? Stock obsolescence happens when inventory has been sitting on a company’s books for a very long time (e.g 2 years) without
Shrinkage: Stock Loss
Shrinkage is the inventory lost due to shoplifting, internal theft, damaged goods, or administrative errors done at retail stores. Every year, quarter or half year
Inventory Management Guide for Retail & Ecommerce
Inventory management for retail & ecommerce businesses differs from manufacturing businesses. This is because retailers only deal with finished goods, while manufacturers also deal with
Ending Inventory
What is Ending Inventory? Ending inventory is the value of goods available for sale at the end of an accounting period, for e.g. at the
Recent Articles
Inventory Management Guide for Retail & Ecommerce
Inventory management for retail & ecommerce businesses differs from manufacturing
Related Courses
- Generating & Analyzing Reports
- Managing Inventory
- Managing Markdowns
- All the metrics for Retail Management
- Understand connections & applications
- Download the workbook & practice
- Analyzing the income statement
- Generating relevant reports
- Calculating financial ratios