Scorching 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 Software.
The Predictive Value Modeling Software is a first-to-market information providing that gives B-Inventory’s clients pricing estimates for stock they need to promote within the B2B resale market. The device leverages AI and machine studying to scan lots 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 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 might make strategic choices round find out how to:
- Optimize resale methods – together with when and find out how to promote the stock – to drive one of the best pricing doable
- Improve stock administration to optimize distribution facilities
- Assist 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 find out how to get one of the best pricing for his or her returned and extra stock on the B2B resale market. By way of this predictive device we’re in a position to supply our clients each confidence and consistency in pricing by serving to them work out find out how to record stock, when to record it, and what it can promote for.
B-Inventory holds 15 years price of knowledge in relation to B2B resale pricing, throughout dozens of classes and lots of of subcategories; this gives us with a novel perspective and a strong, unequalled dataset on the shopping for and promoting traits throughout the B2B resale market. A giant congratulations to the B-Inventory workforce on bringing this device to market and for successful this business award!
B-Inventory’s Predictive Value Modeling Software is the one device like this available on the market; one which makes use of AI, ML, and historic information to supply this sort of actionable information, particular to what sort of pricing will be achieved.
The total record of 2024 High Software program & Tech Winners will be discovered right here.
For extra info on our Predictive Value Modeling Software, please request a demo.
