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Sizzling off the press! B-Inventory has been named a winner of this yr’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 information providing that gives B-Inventory’s clients pricing estimates for stock they need to promote within the B2B resale market. The instrument 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 measurement, season, SKU depth, and gross sales channel. The result’s an information set that showcases what variables drove pricing greater or decrease.
Armed with this information, retailers, OEMs, and types have higher visibility into the anticipated pricing for his or her stock and might make strategic selections round the best way to:
Optimize resale methods – together with when and the best way 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 outlets, manufacturers, and OEMs an enormous concern is the best way to get the perfect pricing for his or her returned and extra stock on the B2B resale market. By way of this predictive instrument we’re in a position to provide our clients each confidence and consistency in pricing by serving to them determine the best way to listing stock, when to listing it, and what it is going to promote for.
B-Inventory holds 15 years price of information on the subject of B2B resale pricing, throughout dozens of classes and a whole bunch of subcategories; this supplies us with a novel perspective and a sturdy, unmatched dataset on the shopping for and promoting tendencies throughout the B2B resale market. An enormous congratulations to the B-Inventory workforce 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 information to supply this sort of actionable information, particular to what sort of pricing may be achieved.
The total listing of 2024 Prime Software program & Tech Winners may be discovered right here.
For extra data on our Predictive Worth Modeling Device, please request a demo.
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