[ad_1]
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 Govt for its Predictive Worth Modeling Instrument.
The Predictive Worth Modeling Instrument is a first-to-market knowledge providing that gives B-Inventory’s prospects pricing estimates for stock they need to promote within the B2B resale market. The instrument leverages AI and machine studying to scan lots of 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 dimension, season, SKU depth, and gross sales channel. The result’s an information 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 easy methods to:
Optimize resale methods – together with when and easy methods to promote the stock – to drive the perfect 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 an enormous concern is easy methods to get the perfect pricing for his or her returned and extra stock on the B2B resale market. By this predictive instrument we’re capable of provide our prospects each confidence and consistency in pricing by serving to them determine easy methods to listing stock, when to listing it, and what it is going to promote for.
B-Inventory holds 15 years price of knowledge on the subject of B2B resale pricing, throughout dozens of classes and lots of of subcategories; this gives us with a novel perspective and a sturdy, unequalled dataset on the shopping for and promoting traits throughout the B2B resale market. A giant congratulations to the B-Inventory crew on bringing this instrument to market and for successful this trade award!
B-Inventory’s Predictive Worth Modeling Instrument is the one instrument like this in the marketplace; one which makes use of AI, ML, and historic knowledge to supply this kind of actionable knowledge, particular to what sort of pricing may be achieved.
The total listing of 2024 High Software program & Tech Winners may be discovered right here.
For extra info on our Predictive Worth Modeling Instrument, please request a demo.
[ad_2]
Source link
