Scorching off the press! B-Inventory has been named a winner of this 12 months’s Prime Software program & Tech award by Provide & Demand Chain Government for its Predictive Value Modeling Instrument.
The Predictive Value Modeling Instrument is a first-to-market information providing that gives B-Inventory’s prospects pricing estimates for stock they wish to promote within the B2B resale market. The software leverages AI and machine studying to scan lots of of hundreds of closed listings throughout the bstock.com recommerce platform after which analyze them throughout 100 variables together with product class, merchandise situation, model, lot measurement, season, SKU depth, and gross sales channel. The result’s a knowledge set that showcases what variables drove pricing larger 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 choices round find out how to:
Optimize resale methods – together with when and find out how to promote the stock – to drive the most effective pricing attainable
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 outlets, manufacturers, and OEMs a giant concern is find out how to get the most effective pricing for his or her returned and extra stock on the B2B resale market. By this predictive software we’re in a position to provide our prospects each confidence and consistency in pricing by serving to them determine find out how to listing stock, when to listing it, and what it’ll promote for.
B-Inventory holds 15 years price of information on the subject of B2B resale pricing, throughout dozens of classes and lots of of subcategories; this supplies us with a singular perspective and a sturdy, unmatched dataset on the shopping for and promoting developments throughout the B2B resale market. A giant congratulations to the B-Inventory workforce on bringing this software to market and for successful this business award!
B-Inventory’s Predictive Value Modeling Instrument is the one software like this in the marketplace; one which makes use of AI, ML, and historic information to supply this kind of actionable information, particular to what sort of pricing could be achieved.
The complete listing of 2024 Prime Software program & Tech Winners could be discovered right here.
For extra data on our Predictive Value Modeling Instrument, please request a demo.
