With a projected annual return charge of 16.9%, 2024 noticed a staggering all-time excessive of $890 billion price of merchandise returned to retailers. Whereas a pure byproduct of retail, this merchandise locations immense stress and extra prices on retailers and distribution networks not optimized for the environment friendly reverse movement of products. For gadgets that may’t be restocked on major cabinets resulting from processing prices, seen put on, or obsolescence, using the precise secondary market options to optimize what occurs to those items and transferring them out of warehouses is paramount.
In 2024, B-Inventory facilitated over 268,000 transactions. This resulted in additional than 140 million items offered on its recommerce platform in classes like attire, home equipment, residence & backyard, shopper electronics, and extra. Actually, over a million tons of stock, starting from salvage to like-new situation, was given a “second life.”
B-Inventory allows manufacturers, retailers, and OEMs to maximise efficiency, management, and visibility of their stock whereas providing a technology-driven substitute for conventional resale strategies. Utilizing its in depth resale information and cutting-edge know-how, B-Inventory is providing companies the chance to find the worth of returned and overstock stock.
B-Inventory’s Restoration Insights Instrument
To assist sellers perceive and unlock the worth of extra stock, the recommerce specialists at B-Inventory have launched a free Restoration Insights Instrument. This data-driven device leverages B-Inventory’s in depth 15-year dataset of secondary market information and tendencies, empowering companies to make knowledgeable choices that optimize their stock administration and maximize returns on secondary market gross sales. This device leverages B-Inventory’s latest public sale information to assist companies uncover the worth of their surplus stock.
The Restoration Insights Instrument permits sellers to precisely decide:
- Restoration Charges: The typical restoration charge high sellers in your class are receiving for his or her items throughout quite a lot of circumstances
- Cycle Occasions: How rapidly these sellers are in a position to clear extra stock from their services
- Purchaser Base: What number of lively, certified patrons are working in your space
With billions of {dollars} of resale transaction historical past, B-Inventory’s B2B recommerce platform offers prospects with the information and intelligence to know how you can promote their stock, the place to promote it, and at what value. B-Inventory’s platform combines a worldwide community of vetted enterprise patrons, a collection of streamlined resale options and channels, and data-backed insights to assist sellers effectively handle their surplus stock, scale back holding prices, and safe aggressive costs for his or her returned and extra stock. Trade leaders, together with seven of the highest 10 U.S. retailers, leverage B-Inventory’s options to maximise their restoration on secondary-market merchandise throughout all classes, circumstances, and portions.
Uncover how a lot your surplus stock is price.
