Sizzling off the press! B-Inventory has been named a winner of this yr’s Prime Software program & Tech award by Provide & Demand Chain Govt 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 instrument leverages AI and machine studying to scan a whole lot 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 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 methods to:
Optimize resale methods – together with when and methods to promote the stock – to drive one of the best pricing potential
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 a giant concern is methods to get one of the best pricing for his or her returned and extra stock on the B2B resale market. By means of this predictive instrument we’re capable of supply our prospects each confidence and consistency in pricing by serving to them determine methods to record stock, when to record it, and what it’s going to promote for.
B-Inventory holds 15 years price of information relating to B2B resale pricing, throughout dozens of classes and a whole lot of subcategories; this offers us with a singular perspective and a strong, unequalled dataset on the shopping for and promoting developments throughout the B2B resale market. An enormous congratulations to the B-Inventory group on bringing this instrument to market and for successful this trade award!
B-Inventory’s Predictive Value Modeling Instrument is the one instrument like this available on the market; one which makes use of AI, ML, and historic information to supply such a actionable information, particular to what sort of pricing will be achieved.
The total record of 2024 Prime Software program & Tech Winners will be discovered right here.
For extra data on our Predictive Value Modeling Instrument, please request a demo.
