An open-to-buy system compares
A) a store's perpetual inventory and order point quantity.
B) the amount of merchandise in dollars and the sales forecast.
C) the planned and actual end-of-month inventory.
D) annual sales and backup stock required for merchandise categories.
E) the assortment plan and the projected sales volume.

Question

Quizplus · Accepted Answer

The open-to-buy system compares the planned end-of-month inventory to the actual end-of-month inventory. Differences between actual and planned levels may arise because an order was shipped late or sales deviated from the forecast.

An Open-To-Buy System Compares