Open to Buy with AI
AI can significantly enhance Open-to-Buy (OTB) planning in retail by improving demand forecasting, automating inventory management, and optimizing purchasing decisions. Here’s how you can leverage AI effectively: 1. AI-Driven Demand Forecasting Use AI models to analyze historical sales data, seasonal trends, promotions, and external factors (e.g., weather, economic conditions). AI can recognize patterns and predict demand more accurately than…
