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

Informazioni relative al progetto

Schrott24

ID dell’accordo di sovvenzione: 816314

DOI

10.3030/816314

Progetto chiuso

Data della firma CE 9 Maggio 2018

Data di avvio 1 Giugno 2018

Data di completamento 30 Settembre 2018

Finanziato da

• INDUSTRIAL LEADERSHIP - Innovation In SMEs

Costo totale

€ 71 429,00

Contributo UE

€ 50 000,00

Coordinato da

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)

Periodo di rendicontazione: 2018-06-01 al 2018-09-30

Sintesi del contesto e degli obiettivi generali del progetto

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.

Lavoro eseguito dall’inizio del progetto fino alla fine del periodo coperto dalla relazione e principali risultati finora ottenuti

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.

Progressi oltre lo stato dell’arte e potenziale impatto previsto (incluso l’impatto socioeconomico e le implicazioni sociali più ampie del progetto fino ad ora)

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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