OTB is essentially the difference between how much inventory is needed and how much is actually available. This includes physical inventory on hand, in transit, and any outstanding orders. To take advantage of special buys or to add new products, some of the OTB dollars should be retained for future stock purchases.
This number can readily be converted to cost for stores that prefer buying at cost as opposed to retail, using the cost complement of the initial markup of the classification. Our final step in OTB planning is to deduct what is already purchased by month of planned delivery.
An OTB plan helps a retailer stock the right amount of the right products at the right time by showing the difference between how much inventory is needed and how much is available. This includes physical inventory on hand and in transit, as well as any outstanding orders.
OTB. Overseas Trust Bank. A bank in Hong Kong that was, at one time, one of the largest in the country. In 1985, it suddenly collapsed due to bad debt, much of which was caused by criminal misdealing among its senior management. The day following the announcement, the Hong Kong government nationalized OTB. It has since been sold a number of times.
OTB: Off Track Betting. Sports. Rate it: OTB: Over The Board. Miscellaneous » Unclassified. Rate it: OTB: Over The Bars. Sports. Rate it: OTB: On-Time Bonus. Governmental » Military. Rate it: OTB: Open To Buy. Business » Stock Exchange-- and more... Rate it: OTB: On The Button. Computing » Texting-- and more... Rate it: OTB: Only The Best. Governmental » Military. Rate it: OTB: Off The Board
The OTCQB, also called "The Venture Market," is the middle tier of the over-the-counter (OTC) market for U.S. stocks. It was created in 2010 and consists mainly of early-stage and developing U.S ...