Opendata, web and dolomites

SMILE SIGNED

A smile in return

Total Cost €

0

EC-Contrib. €

0

Partnership

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 SMILE project word cloud

Explore the words cloud of the SMILE project. It provides you a very rough idea of what is the project "SMILE" about.

instead    international    million    vendor    revolutionises    suddenly    tons    price    standard    status    world    channels    tech    settings    returned    acceptance    day    retail    grow    shown    re    11    items    15    unmatched    intelligence    resale    netherlands    demonstrations    etail    recovery    31    purchases    commercial    companies    selling    consumers    56    worth    environment    waste    commerce    helps       environments    belgium    gaining    original    data    software    optimisation    lot    19    businesses    buybay    metric    disposed    additional    qualified    sizes    billion    purchased    reduce    scalability    grading    live    innovative    revenues       multiple    reduces    lose    2016    13    inventory    tested    sales    impacted    prototype    company    goods    tailers    market    complete    fast    share    perfect    solution    pricing    party    platform    sectors    installation    carbon    dispose    80    ecommerce    infrastructure    amounts    emissions    uses    connect    pounds    expectations   

Project "SMILE" data sheet

The following table provides information about the project.

Coordinator
BUYBAY BV 

Organization address
address: TT. VASUMWEG 58
city: AMSTERDAM
postcode: 1033 SC
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country Netherlands [NL]
 Project website https://www.buybay.com/
 Total cost 2˙705˙375 €
 EC max contribution 1˙893˙726 € (70%)
 Programme 1. H2020-EU.3. (PRIORITY 'Societal challenges)
2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs)
3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
 Code Call H2020-SMEInst-2018-2020-2
 Funding Scheme SME-2
 Starting year 2018
 Duration (year-month-day) from 2018-06-01   to  2020-05-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    BUYBAY BV NL (AMSTERDAM) coordinator 1˙893˙726.00

Map

Leaflet | Map data © OpenStreetMap contributors, CC-BY-SA, Imagery © Mapbox

 Project objective

The European e-commerce market amounts to ~80 million purchases per day. About 15% of purchased products do not live up to consumers’ expectations and are returned to the vendor. Whether in perfect condition or not, their status as returned product makes items suddenly worth a lot less. What a waste! Not only to e-tailers, who typically lose 80% of the value of returned products, but also to the environment, which is impacted by 4 billion pounds of disposed products and 11 million metric tons of carbon emissions. The problem is expected to grow as ecommerce is gaining market share fast (13.3% growth in 2016). BuyBay helps to solve the problem. The tech-company is developing a data-driven solution that revolutionises the management, processing and resale of returned items. It uses highly innovative pricing software and is unique in its ability to connect inventory management and re-product grading to multiple third party sales channels. The prototype of the Buybay platform is complete and qualified and has recently been tested in in real world settings in the Netherlands and Belgium. Demonstrations have shown that Buybay’s prototype platform has potential for unmatched value recovery (~56% instead of 19.6% of the original retail price currently). Installation of BuyBay’s platform increases re-product revenues for e-tailers, reduces the need to dispose of returned goods and has the potential to reduce re-product selling related carbon emissions of up to 31%. To ensure complete commercial scalability and enable international acceptance by e-tailers of different sizes and in different sectors across Europe, Buybay’s platform requires additional infrastructure development, optimisation through businesses intelligence analysis and scale up testing in operational environments. With the support of leading international etail companies Buybay aims to develop the new standard for returned goods.

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The information about "SMILE" are provided by the European Opendata Portal: CORDIS opendata.

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