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 Govt for its Predictive Value Modeling Device.
The Predictive Value Modeling Device is a first-to-market knowledge providing that gives B-Inventory’s clients pricing estimates for stock they need 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 measurement, season, SKU depth, and gross sales channel. The result’s a knowledge 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 might make strategic choices round how you can:
Optimize resale methods – together with when and how you can promote the stock – to drive the very best 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 outlets, manufacturers, and OEMs a giant concern is how you can get the very best pricing for his or her returned and extra stock on the B2B resale market. By means of this predictive software we’re capable of supply our clients each confidence and consistency in pricing by serving to them determine how you can checklist stock, when to checklist it, and what it would promote for.
B-Inventory holds 15 years value of information relating to B2B resale pricing, throughout dozens of classes and a whole bunch of subcategories; this gives us with a singular perspective and a strong, unequalled dataset on the shopping for and promoting tendencies throughout the B2B resale market. A giant congratulations to the B-Inventory staff on bringing this software to market and for profitable this business award!
B-Inventory’s Predictive Value Modeling Device is the one software like this in the marketplace; one which makes use of AI, ML, and historic knowledge to supply this sort of actionable knowledge, particular to what sort of pricing might be achieved.
The complete checklist of 2024 Prime Software program & Tech Winners might be discovered right here.
For extra info on our Predictive Value Modeling Device, please request a demo.
