Inventory Management and Pricing Workflow
In work related to collectibles, efficient inventory management and pricing workflows are essential for dealers and collectors. Our client has built an easy-to-use platform for dealers to manage and run a collectible store, building inventory and sales workflows so that users can get their inventory into the hands of the right customers. Our client empowers collectible sellers to expand their product reach across multiple channels and connect with a broader customer base, enabling them to increase their earnings efficiently.
Our client helps sellers organize, price and get collectibles to the right customers quickly. Unlike automated systems, our client requires certain data points to be done manually.
Challenges
Our client was having difficulty keeping pace with their operations process, and these time limitations were hindering their process of timely data updates and market price retrieval, which in turn was delaying the deliverables to the collectors and affecting their overall productivity. At this point, they contacted Odetta to simplify the task and streamline their Inventory management, data collection, and pricing of sports and non-sport trading, sports memorabilia and other collectibles cards for their customers.
Odetta's Solution Implemented
Our client chose Odetta as their solution provider due to Odetta's highly trainable team and fast processing speed. Odetta's team was responsible for managing images, data verification inventory management, data migration into Amazon Web Services (AWS), data collection, and pricing of sports and non-sport trading cards for the client by developing an intelligent strategy. Our team divided the process into smaller, more efficient key steps to achieve maximum results. We had multiple teams operating side by side to ensure optimal speed. Odetta’s team received client images in folders, each containing multiple cards. The first step was to crop these images to isolate each card, match their front and back, and rename them following a specific format. The renamed images were then organized into folders and uploaded to designated Amazon S3 buckets, ensuring the data remained intact. Our team very efficiently managed inventory in Google Sheets, adhering to specific naming conventions for the cards, sourcing card prices from reliable paid platforms and unpaid marketplaces, and matching them precisely with card grades and types in the inventory. They computed various price metrics to create solid pricing benchmarks, including all-time averages, 6-month averages, and standard deviations. Our team ensured regular Quality Control checks to ensure data accuracy, and our Team leaders consolidated this data into comprehensive reports customized to meet the client’s specific requirements.
Results
Odetta's solutions for Inventory management and pricing assistance proved to be very useful for the client since it simplified the process for them through:
Improved Data Updates
Odetta’s implemented solution resulted in timely data updates and marketplace retrieval for the client.
Enhanced Efficiency
Our streamlined processes significantly improved operational efficiency for the client.
Effortless Reporting
Odetta’s team consolidated the data achieved into comprehensive reports, which allowed the client’s team to spend less time on data analysis and more on sales.
Why Odetta
Odetta's intelligent solutions have greatly improved our clients' inventory management process data processing and provided them with reliable pricing benchmarks. This partnership with Odetta enables them to achieve their business goal by overcoming operational challenges and achieving maximum growth potential. Odetta offers data analytics as a service to startups that require additional analytics capacity since we work well with fast-growing teams and can save time and effort for such teams.