What is 'OTB bucket' in SAP IS-R - SAP for Retail?

OTB bucket - Overview

• Component: IS-R

• Component Name: SAP for Retail

• Description: Retail The total available budget is shared out amongst OTB buckets, which are characterized by the OTB key.

OTB bucket - Details

• 
  Key Concepts: 
  OTB bucket is a term used in the IS-R SAP for Retail component. It stands for Open-To-Buy, and it is a budgeting tool used to plan and manage inventory purchases. The OTB bucket helps retailers to determine how much inventory they should purchase in order to meet customer demand while avoiding overstocking or understocking. 
  
  How to use it: 
  The OTB bucket is used to set a budget for inventory purchases. This budget is based on the retailer’s sales forecast, current inventory levels, and other factors. The OTB bucket helps retailers to plan their inventory purchases in order to ensure that they have enough stock to meet customer demand without overstocking or understocking. 
  
  Tips & Tricks: 
  When setting an OTB budget, it is important to consider the seasonality of sales and the lead time for ordering new inventory. This will help ensure that the retailer has enough stock on hand when customer demand increases. Additionally, it is important to regularly review the OTB budget and adjust it as needed in order to ensure that it remains accurate and up-to-date. 
  
  Related Information: 
  The OTB bucket is just one of many tools available in the IS-R SAP for Retail component. Other tools include sales forecasting, pricing optimization, and supply chain management. All of these tools can be used together to help retailers manage their inventory more