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

Informations projet

Schrott24

N° de convention de subvention: 816314

DOI

10.3030/816314

Projet clôturé

Date de signature de la CE 9 Mai 2018

Date de début 1 Juin 2018

Date de fin 30 Septembre 2018

Financé au titre de

• INDUSTRIAL LEADERSHIP - Innovation In SMEs

Coût total

€ 71 429,00

Contribution de l’UE

€ 50 000,00

Coordonné par

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)

Période du rapport: 2018-06-01 au 2018-09-30

Résumé du contexte et des objectifs généraux du projet

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.

Travail effectué depuis le début du projet jusqu’à la fin de la période considérée dans le rapport et principaux résultats atteints jusqu’à présent

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.

Progrès au-delà de l’état des connaissances et impact potentiel prévu (y compris l’impact socio-économique et les conséquences sociétales plus larges du projet jusqu’à présent)

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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