Scrap dealing in the digital age: a transparent and efficient platform for price and supply chain management

Información del proyecto

Schrott24

Identificador del acuerdo de subvención: 816314

DOI

10.3030/816314

Proyecto cerrado

Fecha de la firma de la CE 9 Mayo 2018

Fecha de inicio 1 Junio 2018

Fecha de finalización 30 Septiembre 2018

Financiado con arreglo a

• INDUSTRIAL LEADERSHIP - Innovation In SMEs

Coste total

€ 71 429,00

Aportación de la UE

€ 50 000,00

Coordinado por

SCHROTT24 GMBH
Austria

Periodic Reporting for period 1 - Schrott24 (Scrap dealing in the digital age: a transparent and efficient platform for price and supply chain management)

Período documentado: 2018-06-01 hasta 2018-09-30

Resumen del contexto y de los objetivos generales del proyecto

At Schrott24, we mean to challenge the lack of intelligent technology within the scrap trading industry. The current opaque and volatile pricing systems favour the buyer, but can have negative impacts on supply, due to distrust of buyers by scrap sellers. We mean to publish a data-driven, constantly-up-to-date pricing model along with deploying a platform that supports a more transparent scrap trading ecosystem. Our platform is scalable, with its only true limit being internet access. It maximises returns for the buyer and seller by monitoring and predicting pricing in scrap metal, preventing unfavourable last-minute changes. It also adds transparency to the system, further reducing price volatility and giving a better picture of what materials are available to buyers.

Trabajo realizado desde el comienzo del proyecto hasta el final del período abarcado por el informe y los principales resultados hasta la fecha

We distinguished between our minimum viable service (platform at current stage), what is required for TRL9 (machine learning & automation), and what the final product will be. We have established partnerships and strengthened them throughout the project, leveraging some of these to expand our knowledge of the market and its segmentation. We will move forward with an SME Instrument Phase 2 application in order to secure funds to reach TRL9.

Avances que van más allá del estado de la técnica e impacto potencial esperado (incluida la repercusión socioeconómica y las implicaciones sociales más amplias del proyecto hasta la fecha)

The Schrott24 Platform is an intelligent online marketplace that can predict and stabilise the pricing models for scrap metal and recycled metals. It dynamically matches buyers and sellers to optimise outcomes for both parties, and most importantly, it operates without borders, bringing the European scrap trading market into alignment with the European digital single market. Machine Learning and analytics will enhance the platform and marketplace as it grows, and functions will expand to allow scrap buyers and sellers to set up their own sub-stores on the platform. This will allow them to retain, improve, and expand the inter-business network and connections. Schrott24 brings price transparency, trust and convenience to the scrap dealing marketplace for the first time. The platform aggregates the demand of scrap recyclers and helps them to make full use of their capacity. This enables us to get better prices from scrap recyclers than any individual could. To use the service, the customers simply selects their scrap metal type; choose their transport option and receive payment. Our service includes comprehensive shipping options which include our parcel service, collection system and self-delivery.

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