Sizzling off the press! B-Inventory has been named a winner of this 12 months’s Prime 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 software 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 measurement, season, SKU depth, and gross sales channel. The result’s a knowledge set that showcases what variables drove pricing greater 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 methods to:
- Optimize resale methods – together with when and methods to 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 methods to get the perfect pricing for his or her returned and extra stock on the B2B resale market. By this predictive software we’re in a position to supply our prospects each confidence and consistency in pricing by serving to them determine methods to checklist stock, when to checklist it, and what it’ll promote for.
B-Inventory holds 15 years price of knowledge on the subject of B2B resale pricing, throughout dozens of classes and lots of of subcategories; this offers us with a singular perspective and a sturdy, unmatched dataset on the shopping for and promoting tendencies throughout the B2B resale market. A giant congratulations to the B-Inventory group on bringing this software to market and for profitable this business 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 one of these actionable knowledge, particular to what sort of pricing could be achieved.
The complete checklist of 2024 Prime Software program & Tech Winners could be discovered right here.
For extra data on our Predictive Worth Modeling Device, please request a demo.
