What is open OTB-relevant purchasing document in SAP IS-R - SAP for Retail?

SAP Term: open OTB-relevant purchasing document

• Component: IS-R

• Component Name: SAP for Retail

• Description: Retail Purchasing document that contains at least one item that has not yet been delivered in full.

Smart SAP Assistant

• Key Concepts: 
  Open OTB-relevant purchasing document is a feature of the IS-R SAP for Retail component. It allows retailers to create and manage purchase orders for goods that are relevant to their open-to-buy (OTB) budget. This feature helps retailers to stay within their budget and ensure that they are not overspending on goods. 
  
  How to use it: 
  To use the open OTB-relevant purchasing document feature, retailers must first set up their OTB budget in the system. Once the budget is set up, retailers can create purchase orders for goods that are relevant to their OTB budget. The system will then track the purchase orders and ensure that the retailer does not exceed their budget. 
  
  Tips & Tricks: 
  When setting up an OTB budget, it is important to be realistic and accurate with the numbers. This will help ensure that the retailer does not overspend on goods and stay within their budget. Additionally, it is important to regularly review and update the OTB budget as needed. 
  
  Related Information: 
  The open OTB-relevant purchasing document feature is part of the IS-R SAP for Retail component. Other features of this component include inventory management, pricing management, and customer loyalty programs.