Sizzling off the press! B-Inventory has been named a winner of this 12 months’s High Software program & Tech award by Provide & Demand Chain Govt for its Predictive Value Modeling Device.
The Predictive Value Modeling Device is a first-to-market information providing that gives B-Inventory’s prospects pricing estimates for stock they need to promote within the B2B resale market. The instrument leverages AI and machine studying to scan tons of of 1000’s of closed listings throughout the bstock.com recommerce platform after which analyze them throughout 100 variables together with product class, merchandise situation, model, lot dimension, season, SKU depth, and gross sales channel. The result’s an information set that showcases what variables drove pricing increased or decrease.
Armed with this information, retailers, OEMs, and types have higher visibility into the anticipated pricing for his or her stock and may make strategic selections round :
- Optimize resale methods – together with when and promote the stock – to drive the very best pricing doable
- Improve stock administration to optimize distribution facilities
- Help monetary planning and forecasting
- Precisely forecast future pricing (>90%) for B2B channels
Right here’s what our CEO, Marcus Shen has to say:
Throughout our buyer portfolio of shops, manufacturers, and OEMs an enormous concern is get the very best pricing for his or her returned and extra stock on the B2B resale market. Via this predictive instrument we’re capable of provide our prospects each confidence and consistency in pricing by serving to them work out checklist stock, when to checklist it, and what it should promote for.
B-Inventory holds 15 years value of information on the subject of B2B resale pricing, throughout dozens of classes and tons of of subcategories; this offers us with a novel perspective and a strong, unmatched dataset on the shopping for and promoting traits throughout the B2B resale market. An enormous congratulations to the B-Inventory crew on bringing this instrument to market and for profitable this trade award!
B-Inventory’s Predictive Value Modeling Device is the one instrument like this available on the market; one which makes use of AI, ML, and historic information to supply the sort of actionable information, particular to what sort of pricing might be achieved.
The total checklist of 2024 High Software program & Tech Winners might be discovered right here.
For extra data on our Predictive Value Modeling Device, please request a demo.