Revolution is in the air as Scrapcart, India’s first artificial intelligence (AI) driven marketplace, steps up to radically transform the industrial scrap trade. Built upon fundamental principles of price transparency, simplified documentation, guaranteed quantity and quality, and robust Environmental, Social, and Governance (ESG) compliances, Scrapcart aims to streamline and digitise the scrap trade process, making it more efficient and profitable.
‘Eliminating Middlemen: A Digital Leap in Scrap Trading’
Traditional scrap sale and purchase processes have long been hampered by manual methodologies, which often include middlemen. These intermediaries can lead to price leakages and potential theft. Scrapcart’s platform seeks to eliminate these hurdles by digitising the entire process. This removes the need for traditional middlemen, leading to a more transparent, efficient, and secure trading environment.
‘Harnessing AI: Smart Tools for Smart Trading’
Artificial Intelligence is at the heart of Scrapcart’s innovation. The platform utilizes AI to create advanced tracking and estimation tools that cater to volume, quality, and price estimation needs. This digital approach not only simplifies the trading process but also allows for more accurate and reliable transactions.
‘Digital Traceability: Ensuring Accountability in Every Transaction’
Scrapcart further enhances the trading process by ensuring digital traceability. Through the implementation of GPS tracking and digital weight slips, every transaction is meticulously documented. This automation reduces human error and improves the overall efficiency and integrity of the marketplace.
‘The Vision and Future of Scrapcart’
“The Indian scrap ecosystem is vast, yet under-digitised. We’re creating a scalable solution for all types of industrial scraps, including ferrous, non-ferrous, and e-waste. Our aim is not only to remove inefficiencies but to empower recyclers, making responsible recycling not just feasible but also profitable,” explains Vineet Relia, the founder of Scrapcart. He further adds, “Our AI-powered tech platform brings in accountability, compliance, and growth across our value chain, with minimum human intervention.”
‘Scrapcart’s Commitment to the Circular Economy’
Scrapcart’s platform aligns with national circular economy objectives, including Swachh Bharat and extended producer responsibility (EPR) mandates. It propels industries, MNCs, SMEs, and recyclers to responsibly manage their waste, unlocking timely value from scrap through smart technology.
In conclusion, Scrapcart is not just a marketplace. It’s a game-changer in the industrial scrap trade, a platform that is setting the stage for a more sustainable, transparent, and profitable future. Scrapcart’s commitment to leveraging AI to improve the scrap trade process is not just innovative; it’s a revolutionary step towards a greener and more sustainable future. Embrace the revolution, join Scrapcart, and be part of the journey towards a more efficient and profitable industrial scrap trade.
Originally published on https://smestreet.in/sectors/scrapcart-launches-ai-platform-for-industrial-scrap-trade-9497010
