1 of 3 - How to plan seasonal purchasing budgets and stick to them


I cannot emphasise enough how important it is to analyse and plan your seasonal budgets to avoid an overspend situation or cash flow issues in season. The process should start as early as only a couple of months into the season and should be on going. The aim is to understand the lessons that can be taken from the previous year and to review how much OTB you are prepared to commit up front, it is always recommended to keep a % back. This will enable you to buy into that high fashion trend, pay your bills on time and lastly to replenish regularly on your basic bestselling lines.