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(30 marks) b) It is 31st January and you are required to calculate the open-to-buy for February. You are given the following information: Planned monthly
(30 marks) b) It is 31st January and you are required to calculate the open-to-buy for February. You are given the following information: Planned monthly sales 20,000 Monthly additions actual Planned markdowns 40,000 5,000 Projected BOM stock 50,000 Projected EOM stock 30,000 Calculate the open-to-buy and explain what the number means. (40 marks) c) What are the major issues that a buyer discusses during a meeting with a vendor? (30 marks)
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