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 Value Modeling Software.
The Predictive Value Modeling Software 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 device leverages AI and machine studying to scan a whole bunch 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 larger 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 selections round how one can:
- Optimize resale methods – together with when and how one can promote the stock – to drive the most effective pricing attainable
- 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 one can get the most effective pricing for his or her returned and extra stock on the B2B resale market. By way of this predictive device we’re capable of supply our clients each confidence and consistency in pricing by serving to them determine how one can checklist stock, when to checklist it, and what it is going to promote for.
B-Inventory holds 15 years price of information in relation to 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 tendencies throughout the B2B resale market. A giant congratulations to the B-Inventory crew on bringing this device to market and for profitable this business award!
B-Inventory’s Predictive Value Modeling Software is the one device 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 Software, please request a demo.