TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

OPEN BUY PLAN [1 record]

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Alphabetical list of terms

Record 1 2009-08-10

English

Subject field(s)
  • Marketing
CONT

The completed open-to-buy plan also enables a small retailer to evaluate, before the season starts, critical inventory productivity metric like inventory turnover and gross margin return on investment (GMROI). ... [It] establishes the critical benchmarks for evaluating exactly where you are once you get into the season. It's after the season gets underway that an open-to-buy truly earns its keep. In season, key decisions have to be made about what to reorder, what to back off on, and how to allocate any remaining open-to-buy dollars.

Key term(s)
  • open to buy plan

French

Domaine(s)
  • Commercialisation

Spanish

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