Learn how to manage your inventory effectively, how to integrate the open-to-buy system into Google sheets, and create a calculator to help you plan your purchases.
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Accounting Instructor with more than 5 years of experience in management and financial accounting, financial planning and reporting, database administration, and QuickBooks.
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Who this course is for:
- Retail business owners who want to employ an effective inventory management
What you’ll learn:
- How to manage your inventory effectively
- How to integrate the open-to-buy system into Google sheets
- Create a calculator to help you plan your purchases
Requirements:
- No prior knowledge is required to take this course
If you are a small retail business and have questions on how to manage your inventory effectively, you are in the right place. This class will teach you step-by-step how to take control of your inventory and make your business convertible.
You shouldn’t have some advantage of business knowledge or technical skills. This class is suitable for beginners, as well as for people who have some experience in this field but want to expand their competency.
In this class, I will be talking about the “open-to-buy” system and its importance when in a retail business. Then I will begin with easy-to-follow explanations of the foundations of the open-to-buy system. I will reveal to you the main simple formulas that you can use to track and manage your inventory properly.
Once I cover the theory part, I will go deeper and give you some examples of how to apply this inventory management system in real life.
The next step will be to integrate the open-to-buy system into Google sheets and create a calculator, which will help you to plan your purchases.
When you complete the class, you will know how to calculate the most appropriate quantity inventory for your small retail business and how to integrate this knowledge into Google sheets. This way, you will be able to create a simple and very effective inventory management system for your small retail business that works accurately and is free. It will inform you how much inventory you need to purchase to satisfy clients’ needs and generate the profit you’re planning. By having this information, you will make the right business decisions and your small retail business will go to the next level.
Our Promise to You
By the end of this course, you will have learned the open-to-buy inventory management system.
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Course Curriculum
Section 1 - Open To Buy Inventory Management System | |||
Introduction | 00:00:00 | ||
Open-To-Buy System Simply Explained | 00:00:00 | ||
Open-To-Buy System Benefits | 00:00:00 | ||
Important Terms | 00:00:00 | ||
Open-To-Buy Inventory At A Cost | 00:00:00 | ||
Example 1 – Inventory Is Less Than Planned Sales | 00:00:00 | ||
Example 2 – Inventory Is More Than Planned Sales | 00:00:00 | ||
OTB And Google Sheets – Quick View | 00:00:00 | ||
OTB Calculator – How To Create It | 00:00:00 | ||
Project | 00:00:00 |