With a projected annual return charge 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 gadgets that may’t be restocked on main cabinets because of processing prices, seen put on, or obsolescence, using the best 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 actual fact, 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 alternative for conventional resale strategies. Utilizing its intensive 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 Software
To assist sellers perceive and unlock the worth of extra stock, the recommerce specialists at B-Inventory have launched a free Restoration Insights Software. This data-driven device leverages B-Inventory’s intensive 15-year dataset of secondary market information and developments, 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 Software 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 situations
- Cycle Instances: 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 gives clients with the information and intelligence to know easy methods to promote their stock, the place to promote it, and at what worth. 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, cut 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.
