Scorching 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 Software.
The Predictive Worth Modeling Software is a first-to-market information providing that gives B-Inventory’s clients 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 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 larger 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 way to:
- Optimize resale methods – together with when and the way to promote the stock – to drive the very best pricing doable
- 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 shops, manufacturers, and OEMs a giant concern is the way to get the very best pricing for his or her returned and extra stock on the B2B resale market. By way of this predictive instrument we’re capable of supply our clients each confidence and consistency in pricing by serving to them work out the way to record stock, when to record it, and what it is 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 supplies us with a novel perspective and a strong, unmatched dataset on the shopping for and promoting traits 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 Software 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 complete record of 2024 Prime Software program & Tech Winners may be discovered right here.
For extra info on our Predictive Worth Modeling Software, please request a demo.
