Resell Engine from SAP

Resell Engine is an emerging product that has its roots in SAP's intrapreneurship initiative One Billion Lives. With Resell Engine, fashion brands can optimize the resale of already worn (second-hand) items. At the core of the solution is an intelligent algorithm that evaluates a wide database of second hand items and calculates a buy-back and competitive resale price. In addition, ReCommerce managers can set rules for different markdowns to tailor the price determination to their needs. By using our technology-assisted price determination, you can: - Increase your sales of second hand goods by 8% and increase your sell-through rate. - Double your operational efficiency by minimizing manual price determination - Promote a positive customer experience by reducing the waiting time for price determination by 82% - Attract 48% more customers by offering fair prices