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 movement of products. For gadgets that may’t be restocked on major cabinets attributable to processing prices, seen put on, or obsolescence, using the precise 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 bought on its recommerce platform in classes like attire, home equipment, dwelling & backyard, client electronics, and extra. The truth is, 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 alternative for conventional resale strategies. Utilizing its intensive resale knowledge 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 consultants at B-Inventory have launched a free Restoration Insights Instrument. This data-driven instrument leverages B-Inventory’s intensive 15-year dataset of secondary market knowledge and developments, empowering companies to make knowledgeable selections that optimize their stock administration and maximize returns on secondary market gross sales. This instrument leverages B-Inventory’s current public sale knowledge 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 a wide range of situations
- Cycle Occasions: How shortly these sellers are capable of clear extra stock from their services
- Purchaser Base: What number of energetic, certified patrons are working in your space
With billions of {dollars} of resale transaction historical past, B-Inventory’s B2B recommerce platform supplies clients with the info 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.
