B-Stock Solutions Named a Supply & Demand Chain Executive SDCE 100 For Outstanding Reverse Supply Chain Project
Award recognizes top solution providers that have helped their Fortune 500 clients achieve supply chain excellence
REDWOOD CITY, Calif., June 23, 2017 /PRNewswire/ -- B-Stock Solutions, a technology-enabled service company powering the largest network of B2B liquidation marketplaces, has been named to the "Supply & Demand Chain Executive 100" list for a third year in a row. The recognition highlights 100 supply chain projects between clients and solution providers that have resulted in supply chain excellence. B-Stock was selected based on the successful execution and ongoing operation of a branded B2B liquidation channel for a Fortune 500 consumer electronics retailer's trade-in devices. By leveraging B-Stock's transparent marketplace platform, demand generation programs and secondary market expertise, the retailer has been able to expand its trade-in business and remarket the devices directly to global buyer base that has grown over 1,700% since inception. What's more, the marketplace has provided a fully accountable and documented transaction trail, where every point of the process is recorded systematically; this allows for rigorous compliances and reduces risk.
"We are pleased to have earned a spot on the SDCE 100 for three years in a row. This project in particular reflects the importance of rethinking traditional liquidation or wholesale techniques for previously traded-in electronics devices in favor of a web-based online auction solution," said Howard Rosenberg, CEO of B-Stock. "By connecting this client's inventory directly to a huge audience of business buyers we have been able to drive competition, maximize recovery, and provide accurate secondary market pricing while reducing dependence on one or two buyers."
B-Stock Solutions was built on the idea that technology and analytics could revolutionize the way organizations handle their returned and excess inventory. Since inception, B-Stock has enabled hundreds of companies, including seven of the top 10 U.S. retailers, to recover 30%+ more on billions of dollars worth of inventory.
The 2017 Supply & Demand Chain Executive 100 list is comprised of supply chain solution and service providers that have helped their clients achieve supply chain excellence, including measurable gains in ROI through cost-cutting and increased efficiency within any function of the end-to-end supply chain.
Read the full list of winners in the June issue of Supply & Demand Chain Executive or visit www.sdcexec.com.
About B-Stock Solutions
B-Stock Solutions is a technology-enabled service provider, powering the largest network of B2B liquidation marketplaces. Our award-winning platform connects customer returns and overstock inventory from retailers and manufacturers directly to qualified business buyers through customized, private-label online auction marketplaces. Hundreds of companies, including eight of the top 10 U.S. retailers, are using B-Stock's data-driven solution to increase recovery rates on their excess inventory by 30-80%. For more information, please visit http://bstock.com.
Media Contact
Melissa Gieringer
Head of Corporate Communications
e. [email protected]
p. 310-686-7773
SOURCE B-Stock Solutions
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