Dutch recommerce platform BuyBay is launching a SaaS product, using its own recommerce software. Retailers and manufacturers can now resell returned products from their very own distribution center. This can reduce their CO2-emission and increase their profit, says the corporate.
BuyBay is a Dutch company that was founded in 2014. It wants to increase the lifespan of products and promote a circular economy inside ecommerce. It processes returned products from online sellers. Then, after checking, cleansing and repairing the products as needed, BuyBay offers the returned goods on the market through various marketplaces. The corporate handles the sale, shipping and customer support.
In-house software
The corporate has continued to develop its recommerce software. Now, it has launched its software as a service, called You Grade, in order that the recommerce software may be utilized by retailers and manufacturers in-house.
The software decides where a product can be resold.
When products are returned to an internet seller, the software decides on whether it may possibly be resold through the retailer’s own sales channels, or C2C marketplaces, or through BuyBay’s own network of over 1,000 B2B sellers. The software also takes into consideration repair and recycling options per product.
‘Making reselling more profitable’
“At BuyBay, our mission is to make reselling returns and overstock more profitable and sustainable, so products last more. With our recent SaaS product, customers may be more profitable and sustainable from their very own distribution center”, says Machiel Tidddens, CEO.
‘Resale at 80% of original value’
Up to now, German online seller Contorion has implemented the service at considered one of Fiege’s distribution centers. Fiege is a third-party logistics provider. In line with them, they prolonged the lifespan of 5,000 products inside the first month after the implementation. Contorion was in a position to resell these products for as much as 80 percent of the unique value.
Moreover, the web seller was in a position to prevent 5,5 tons of CO2-emissions with BuyBay’s software. In line with BuyBay, this reflects a decrease of 70 percent relative to the industry standard.
‘We imagine that collective participation is crucial for fulfillment.’
“We imagine that collective participation is crucial for fulfillment. Subsequently, we stay up for more collaborations with firms to advertise the circular economy in Europe”, states Tiddens.
