The impact of a linked useage of the open-to-buy system and retail inventory method on performance measurement
1991
Goodwin, David R.
On cover: Commentaries and applied research for practitioners and educators. The Lincoln series of papers are designed to inform professionals and educators of developments and issues in finance and accounting today. The papers cover both commentaries and applied research. Professionals and educators who would like to share their views and research findings are welcome to contribute to the series.
显示更多 [+] 显示较少 [-]Because of the need to match consumer demands with merchandise offered, the most significant tangible asset held by retailers is inventory. The selection of merchandise and its subsequent control is critical if profit objectives are to be met. A system frequently used by retailers to control inventories is the Open-To-Buy (OTB) system. The objective of this system is the control of purchases so that corporate profitability objectives are met.
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