Sizzling off the press! B-Inventory has been named a winner of this 12 months’s High Software program & Tech award by Provide & Demand Chain Government for its Predictive Value Modeling Device.
The Predictive Value 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 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 larger or decrease.
Armed with this knowledge, retailers, OEMs, and types have higher visibility into the anticipated pricing for his or her stock and may 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 shops, manufacturers, and OEMs a giant concern is the best way to get the perfect pricing for his or her returned and extra stock on the B2B resale market. Via this predictive software we’re in a position to provide our prospects each confidence and consistency in pricing by serving to them determine the best way to record stock, when to record it, and what it would promote for.
B-Inventory holds 15 years value of knowledge in terms of B2B resale pricing, throughout dozens of classes and a whole bunch of subcategories; this offers us with a novel perspective and a sturdy, unequalled dataset on the shopping for and promoting developments throughout the B2B resale market. An enormous congratulations to the B-Inventory workforce on bringing this software to market and for successful this trade award!
B-Inventory’s Predictive Value Modeling Device is the one software like this available on the market; one which makes use of AI, ML, and historic knowledge to supply such a actionable knowledge, particular to what sort of pricing could be achieved.
The complete record of 2024 High Software program & Tech Winners could be discovered right here.
For extra data on our Predictive Value Modeling Device, please request a demo.
