In the context of Retail, the purchase budget is the total amount allocated for the purchase of products intended for resale. It is a financial forecast that is established based on sales targets, current inventory levels, market trends and desired profit margins. The purchasing budget is an important planning tool for buyers and inventory managers, as it allows them to determine the quantities to order from suppliers and optimize their inventory rotation while ensuring the availability of products on the shelves to meet customer demand.
Purchasing budget
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