B-Inventory Wins 2024 High Software program & Tech Award for Predictive Resale Worth Modeling Device
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 Government for its Predictive Worth Modeling Device.
The Predictive Worth Modeling Device is a first-to-market knowledge providing that gives B-Inventory’s prospects pricing estimates for stock they wish 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 measurement, season, SKU depth, and gross sales channel. The result’s a knowledge set that showcases what variables drove pricing increased or decrease.
Armed with this knowledge, retailers, OEMs, and types have higher visibility into the anticipated pricing for his or her stock and might make strategic choices round learn how to:
- Optimize resale methods – together with when and learn how to promote the stock – to drive the perfect pricing potential
- 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 learn how to get the perfect pricing for his or her returned and extra stock on the B2B resale market. By means of this predictive instrument we’re in a position to supply our prospects each confidence and consistency in pricing by serving to them determine learn how to listing stock, when to listing it, and what it’s going to promote for.
B-Inventory holds 15 years value of knowledge relating to B2B resale pricing, throughout dozens of classes and tons of of subcategories; this offers us with a novel perspective and a strong, unequalled dataset on the shopping for and promoting traits throughout the B2B resale market. An enormous congratulations to the B-Inventory staff on bringing this instrument to market and for profitable this business award!
B-Inventory’s Predictive Worth Modeling Device is the one instrument like this in the marketplace; one which makes use of AI, ML, and historic knowledge to supply this kind of actionable knowledge, particular to what sort of pricing might be achieved.
The total listing of 2024 High Software program & Tech Winners might be discovered here.
For extra data on our Predictive Worth Modeling Device, please request a demo.