First-to-market providing supplies an automatic solution to entry and evaluation historic, present and future pricing, and depreciation knowledge throughout machine fashions
SAN MATEO, Calif., February 3, 2024 – B-Inventory, the main B2B recommerce platform and system of file for all resale, is happy to announce the launch of its Cellular Insights software. This primary-to-market providing supplies B-Inventory’s wi-fi clients — which embrace prime OEMs, wi-fi retailers, and buyback corporations — on-demand visibility into present and future pricing tendencies throughout makes and fashions to higher inform how and when units ought to enter the secondary market, and their anticipated efficiency.
The software leverages AI and machine studying to allow an automatic solution to entry and evaluation historic, present and future ASP (common gross sales value), and depreciation knowledge throughout machine fashions. By scanning lots of of 1000’s of transactions throughout the bstock.com platform after which analyzing them throughout variables together with class, merchandise situation, and model, B-Inventory’s Cellular Insights supplies wi-fi retailers and OEMs with the flexibility to:
- View historic efficiency by mannequin and situation
- Examine their gross sales to general market knowledge
- Forecast pricing, as much as 3 months into the long run, with higher than 90% accuracy
- Higher inform which disposition channels units ought to transfer by
- Inform trade-in gives by understanding residual values over time
Armed with the sort of proprietary and predictive knowledge, retailers and OEMs are in the most effective place to optimize resale methods to attain the most effective pricing doable for trade-in units.
“We’re at the moment seeing our clients leverage Cellular Insights knowledge to tell buy and trade-in applications, improve stock administration to optimize distribution facilities, and enhance buyer engagement by making certain probably the most interesting costs. And the truth that it’s an automatic software means they’ve on-demand entry to evaluation ASP and depreciation knowledge, changing the necessity to depend on handbook strategies,” mentioned Sean Cleland, VP of Cellular for B-Inventory. “With over 35 million cellular units bought by way of lots of of 1000’s of transactions over greater than a decade, B-Inventory has constructed a strong, unmatched dataset on the shopping for and promoting tendencies throughout the B2B cellular resale market and we’re excited to make use of this knowledge to carry our Cellular Insights to market.”
B-Inventory’s Cellular Insights is the one software like this available on the market; one which makes use of AI, ML, and historic knowledge to supply the sort of on-demand, actionable knowledge particular to what sort of pricing might be achieved.
Cellular Insights is offered completely for sellers on the B-Inventory platform. To study extra in regards to the software, our platform, and how one can leverage knowledge to tell your B2B resale technique, please request a demo.
About B-Inventory:
B-Inventory is the world’s largest B2B recommerce platform and system of file for all resale. We join sellers and consumers of returned, trade-in, and overstock stock by a set of on-line resale channels. Our clients vary from the world’s largest manufacturers and retailers that need best-in-class stock resale administration to entrepreneurs trying to supply helpful merchandise for his or her resale companies.
With lots of of 1000’s transactions accomplished yearly, we imagine know-how and entry drive a wholesome B2B resale ecosystem. B-Inventory provides consumers a easy and direct means to purchase helpful merchandise immediately from retailers and gives sellers a technology-driven alternative for conventional resale strategies, whereas boosting operational effectivity, restoration charges, and cycle time.
