REDWOOD CITY, Calif.--(BUSINESS WIRE)--B-Stock Solutions, operator of the largest network of B2B liquidation marketplaces, is pleased to announce that its CEO Howard Rosenberg has been named to Supply & Demand Chain Executive’s 2015 “Pros to Know” list. The Pros to Know awards recognize supply chain executives that are leading initiatives to solve supply chain challenges in today’s global climate. Howard founded B-Stock Solutions in late 2008 based on the idea that technology and data-driven methodologies could disrupt the traditional and inefficient process of how organizations maximize the value of consumer-returned, overstock and other excess inventory.
“I couldn’t be happier for Howard on being selected as a Pro to Know within the supply chain industry. When True Ventures invested in B-Stock Solutions in 2009, we knew there was a huge opportunity to bring efficiency to the last mile of the reverse supply chain—liquidation—and to educate companies on the earnings and environmental impact that incorporating a better process could have on their overall business and bottom line,” said John Burke, Founder of True Ventures, a Silicon Valley-based venture capital firm. “Howard and the team at B-Stock Solutions are redefining how companies extract value from excess inventory, bringing efficiency, transparency and data-driven technology to the process.”
Since inception, B-Stock Solutions has enabled hundreds of companies, including four of the five largest U.S. retailers, to recover billions of dollars from the sale of excess inventory, typically achieving a 30-50% increase in return over what they were seeing previously.
“This acknowledgment from Supply & Demand Chain Executive is wonderful and further exemplifies why bringing new and innovative solutions to the reverse supply chain is just as important as doing so on the forward side,” said Howard Rosenberg, CEO of B-Stock Solutions. “Returned merchandise alone is a $260 billion a year headache for companies so there is a significant need for forward-thinking solutions that drive maximum efficiency and minimize negative environmental impact. B-Stock Solutions is leading the way by revolutionizing the way excess inventory enters and moves through the secondary market.”
Howard has been named to the Provider Pros to Know section, which is comprised of individuals from software firms and service providers, consultancies, or academia who have helped their supply chain clients or the supply chain community at large prepare to meet industry challenges.
Read the full list of winners in the March issue of Supply & Demand Chain Executive or visit www.sdcexec.com.
About B-Stock Solutions
B-Stock Solutions operates the largest global network of private label, business-to-business liquidation marketplaces. Our award-winning solution is used by top retailers and manufacturers as well as small and medium sized businesses. We are revolutionizing the liquidation industry by increasing recovery rates for sellers and by providing buyers with unprecedented access to inventory directly from retailers and manufacturers. Our solution is also reducing the environmental impact of excess inventory by: (1) facilitating the resale and reuse of products that might otherwise be thrown away, and (2) reducing the amount of transportation these products require as they are moved between traditional liquidation middlemen. Additional information can be found at: http://bstocksolutions.com.
About True Ventures
Based in the Silicon Valley, with offices in Palo Alto, CA and San Francisco, CA, True Ventures invests in promising entrepreneurs at the earliest stages in the highest-growth segments of the technology market. The partners at True Ventures have started over ten companies as founders. True Ventures is designed by entrepreneurs, for entrepreneurs. The firm clearly understands both opportunities and challenges in the earliest stage of development and provides young companies with a powerful, seasoned partner. True Ventures has raised four venture capital funds to date and manages nearly $1B in limited partner capital. For more information, please visit www.trueventures.com.