Putting Together a Buying Plan
There are two major aspects of a buying plan. The first is determining how much product needs to be bought to keep the overall inventory at proper levels. This is a merchandise buying plan, most commonly called open-to-buy (OTB). Calculating OTB by department/product category assists in the execution of the second major aspect of the buying plan, which is to determine where available inventory dollars should be spent. Read the retail tip by Andrew Andoniadis.
Results of the Motions Election
At the MSA Membership Meeting in Austin, TX, held on April 17, a motion was passed to have MSA deliver four motions presented for consideration to the voting membership. Information about the election was delivered to all voting members on June 9, 2010. The ballot closed at noon Eastern Time on July 8, 2010. Read the results.
President's Message: Stewardship Is a Legacy
Handing Down the Solutions for Success
Stewardship has many meanings. But, in the plainest sense, it means taking good care of things that have been passed on to us. The board of directors is committed to good stewardship. Read the full message from MSA President Leslie Hartman.
Join MSA on LinkedIn and Facebook!
Want to connect with your colleagues? Join LinkedIn or sign in to your account to become a member of the Museum Store Association LinkedIn group!
And if you are already on Facebook, come join MSA by clicking on the Like button! Just log in to your Facebook account and search for Museum Store Association. Don't have a Facebook account? Get more details and find helpful tips for getting started on Facebook.
Save the Date for Chicago!
The 56th annual MSA Retail Conference & Expo will be held in Chicago / Rosemont, IL, April 30 – May 2, 2011. The MSA headquarters hotel — the Hyatt Regency O'Hare — is just minutes from the airport with room rates of only $119 per night! Free transportation between O'Hare International Airport and the hotel will be provided. And it's just a short walk to an inexpensive transportation hub into downtown Chicago! Save the date!
Serving the Cultural Commerce Industry for More Than 50 Years
Founded in 1955, MSA is a nonprofit, international association organized to advance the success of cultural commerce and of the professionals engaged in it. By encouraging high standards of professional competence and
conduct, MSA helps museum store managers better serve their
institutions and the public. |
