B-Stock Wins 2024 Best Software and Technology Award for Predictive Resale Price Modeling Tools
Hot in the press! B-Stock won the Top Software & Tech of the Year award. Supply and Demand Chain Executive Predictive price modeling tool.
The predictive price modeling tool is the first market data offering that provides B-Stock customers with price estimates for the inventory they want to sell in the B2B resale marketplace. The tool leverages AI and machine learning to scan hundreds of thousands of private listings on the bstock.com recommerce platform and then analyze them across 100 variables, including product category, item condition, brand, lot size, season, SKU depth, and sales channel. Analyze. The result is a data set that shows which variables are causing prices to increase or decrease.
Armed with this data, retailers, OEMs, and brands can better understand the expected price of their inventory and make strategic decisions about what to do next.
- Optimize your resale strategy, including when and how to sell your inventory, to get the best price possible.
- Strengthening inventory management to optimize distribution centers
- Financial planning and forecasting support
- Accurately predict future prices (>90%) for B2B channels.
CEO Marcus Shen says:
Across our customer portfolio of retailers, brands, and OEMs, a top concern is how to get the best price for returns and excess inventory in the B2B resale marketplace. This forecasting tool allows us to provide our customers with certainty and consistency in pricing. They figure out how to inventory inventory, when to inventory it, and how much to sell it for..
B-Stock has 15 years of data on B2B resale prices across dozens of categories and hundreds of subcategories. It provides a unique perspective and a powerful, unrivaled data set on buying and selling trends across the B2B resale market. Huge congratulations to the B-Stock team for bringing this tool to market and winning an industry award!
B-Stock’s predictive price modeling tool is the only one like it on the market. What kind of pricing can be achieved using AI, ML and historical data is providing this type of actionable data.
You can see the full list of 2024 Best Software and Technology winners here. here.
For more information about predictive price modeling tools: Request a Demo.
