With a projected annual return price of 16.9%, 2024 noticed a staggering all-time excessive of $890 billion value of merchandise returned to retailers. Whereas a pure byproduct of retail, this merchandise locations immense strain and extra prices on retailers and distribution networks not optimized for the environment friendly reverse circulate of products. For objects that may’t be restocked on major cabinets on account of processing prices, seen put on, or obsolescence, using the appropriate secondary market options to optimize what occurs to those items and shifting 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, house & backyard, shopper electronics, and extra. In truth, over a million tons of stock, starting from salvage to like-new situation, was given a “second life.”
B-Inventory permits 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 intensive resale knowledge and cutting-edge expertise, B-Inventory is providing companies the chance to find the worth of returned and overstock stock.
B-Inventory’s Restoration Insights Device
To assist sellers perceive and unlock the worth of extra stock, the recommerce specialists at B-Inventory have launched a free Restoration Insights Device. This data-driven software leverages B-Inventory’s intensive 15-year dataset of secondary market knowledge and developments, empowering companies to make knowledgeable choices that optimize their stock administration and maximize returns on secondary market gross sales. This software leverages B-Inventory’s current public sale knowledge to assist companies uncover the worth of their surplus stock.
The Restoration Insights Device permits sellers to precisely decide:
- Restoration Charges: The typical restoration price high sellers in your class are receiving for his or her items throughout quite a lot of situations
- Cycle Instances: How shortly these sellers are in a position to clear extra stock from their amenities
- Purchaser Base: What number of lively, certified consumers are working in your space
With billions of {dollars} of resale transaction historical past, B-Inventory’s B2B recommerce platform supplies prospects with the information and intelligence to know learn how to promote their stock, the place to promote it, and at what worth. B-Inventory’s platform combines a world community of vetted enterprise consumers, 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. Business 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, situations, and portions.
Uncover how a lot your surplus stock is value.
