Explain using this method how affect retailer stock control

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Reference no: EM13150307

After determining what dollar merchandise to have when a season begins, retailers must not make merchandise commitments that would exceed the dollar plan. Dollars planned for merchandise need to be controlled by the open-to-buy (OTB) technique. Write a brief essay (two pages) describing the dollar-merchandise planning methods. For each of the four methods, complete the following requirements: Summarize the inventory method type. What does it involve? Which businesses might benefit most from its use? Give an example of the type of retailer that might use this method. Explain how using this method would affect a retailer’s stock control.

Reference no: EM13150307

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