Scorching off the press! B-Inventory has been named a winner of this yr’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 clients pricing estimates for stock they wish to promote within the B2B resale market. The software leverages AI and machine studying to scan a whole bunch 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 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 knowledge, retailers, OEMs, and types have higher visibility into the anticipated pricing for his or her stock and may make strategic selections round how one can:
- Optimize resale methods – together with when and how one can promote the stock – to drive the perfect 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 how one can get the perfect pricing for his or her returned and extra stock on the B2B resale market. Via this predictive software we’re capable of supply our clients each confidence and consistency in pricing by serving to them determine how one can listing stock, when to listing it, and what it would promote for.
B-Inventory holds 15 years value of knowledge on the subject of B2B resale pricing, throughout dozens of classes and a whole bunch of subcategories; this offers us with a singular 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 software to market and for successful this trade award!
B-Inventory’s Predictive Worth Modeling Device is the one software like this available on the market; one which makes use of AI, ML, and historic knowledge to supply this kind of actionable knowledge, particular to what sort of pricing will be achieved.
The complete listing of 2024 High Software program & Tech Winners will be discovered right here.
For extra info on our Predictive Worth Modeling Device, please request a demo.
