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Revolution in retail: How elvinci.de is changing the world of returns!
Discover the challenges and future prospects of elvinci.de GmbH in the trade of returns, pallets and white goods.
Revolution in retail: How elvinci.de is changing the world of returns!
Nuremberg (ots)
In the digital age of retail, the handling of returned goods has become a crucial factor. These special goods that arise as a result of returns can not only be a relief but also profitable for companies through strategic approaches. Konstantinos Vasiadis, a recognized expert for B-goods and managing director of elvinci.de GmbH, deals intensively with the purchase and sale of remaining stock and surpluses. Its goal is to help retailers and manufacturers minimize the cost of opaque inventory while improving access to clear purchasing sources.
The correct classification of returned goods plays a central role in the entire trading process. It determines how returned products are evaluated, priced and put back on the market. Konstantinos Vasiadis explains that precise classification not only makes it easier to record return value, but also increases profitability and reduces costs. “Tailored approaches are essential, especially when dealing with pallet goods and white goods, the technical jargon for large household appliances,” he warns.
Challenges in classifying returned goods
The ability to evaluate returns is traditionally divided into three main categories: A-goods, B-goods and C-goods. A-stock refers to nearly new or unused items, while B-stock may show minor signs of wear or small defects. C-goods, on the other hand, includes severely damaged or defective products. According to Vasiadis, while this system is common, it often does not provide the subtleties needed for an accurate assessment. “This classification cannot reflect the complexity of the actual condition of a product, which leads to great uncertainty in pricing decisions,” the expert explains.
The usual categorization process often leads to incorrect decisions in price management: products are either sold below value, which leads to losses, or quality expectations are not achieved due to incorrect information, which can have a negative impact on customer relationships. In addition, the effort required for accurate assessment is extremely time-consuming and requires qualified personnel. Problems also arise from different quality standards, which complicate the price setting process. “Sustainability is also an important issue here, as the reprocessing or disposal of returns has not only economic but also ecological consequences,” says Vasiadis.
Optimized approaches to classification
With sustainable strategies, more companies are relying on careful processing of returns. Technologies based on artificial intelligence are increasingly being used, enabling automated assessments that not only increase accuracy but also reduce time and costs. Intermediate images and sensors help to efficiently check the condition of products.
Companies that implement innovative classification methods report significant efficiency gains and reductions in operating costs. In some cases, new technologies have prevented multiple risks and bad investments by enabling accurate valuations that promise better market positioning.
“Practical experience shows that modern classification systems not only increase efficiency, but also contribute to sustainability,” emphasizes Vasiadis. “With more well-defined value approaches, companies can reuse more returns instead of rejecting them.” This not only leads to increased profitability, but also reduces the ecological footprint.
The exciting developments in the world of returned goods promise fascinating innovations in the future as companies continue to exploit the potential of digital solutions and environmentally friendly strategies. The optimization of these processes will be crucial in order to continue to meet the diverse requirements of the market in the future. As reported by www.presseportal.de.