Top 5 Tips How Price Monitoring Can Benefit Your Online Store (1)

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Price Intelligence

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What is price intelligence

• Competitive price intelligence also called price
  intelligence, in ecommerce terminology,
  competitive price intelligence refers to the use
  of detailed analytics to create and optimize For
  example, a retailer might use price intelligence
  tools to scan the Web for pricing data, then use
  competitive price intelligence software to
  optimize its pricing based on the accumulated
  pricing data in order to better compete in the
  market and improve sales. a retailer's pricing
  strategy.

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Key Elements for Price Intelligence
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• ITSYS Solutions platform allows you to quickly
  and efficiently understand what is happening in
  your markets, what has changed, where you have
  price gaps that matter that could be costing you
  thousands, and how to close them fast.
• Web-based decision support system
• Competitive pricing results
• Role-based dashboards identifying critical price
  differentials
• Point-n-click drill down access to interrogate
  the data
• Trends and comparisons
• Built-in analyses, metrics and graphics
• Exportable files
• Email alerting

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Price Intelligence has become a table stakes
requirement for retailers, for several key
reasons

• 1. Increased consumer price sensitivity
• 2. Increased aggressiveness from competitors.
  Retail giants like Best Buy and Walmart change
  prices upwards of 50,000 times per month. Amazon
  is the most aggressive with pricing, changing
  prices every 10 minutes or even more often than
  that at times.
• 3. Increased price transparency and showrooming
  Increasing smartphone adoption has played a large
  roll in the prevalence of showrooming because
  there are several options for price checking
  apps Amazon has Price Check, eBay has Red Laser,
  and Price Tracker is another favorite. These
  companies are making it easier for consumers to
  ensure that they are getting the lowest price.
  This phenomena is on the rise because 20 of
  smartphone users check prices in stores and buy
  online for cheaper, but 96 plan to showroom in
  the future.

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• Contact Us

ITSYS Solutions Pvt. Ltd. India
91-9654653433 US Canada [phone] UK
020 3239 7570 Web www.website-scraping.com
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