Beyond Price Monitoring: Why Market Prices Matter
Discover the importance of monitoring market prices and how it can impact turnover, productivity, and decision-making. Learn how Price2Spy offers a solution to manual monitoring challenges, with insights from nearly 300 clients across industries.
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Presentation Transcript
Why monitor market prices? Why monitor market prices? 2010 Q3 2010 Q3 internal usage internal usage Financial crisis makes buyers think twice 0.50 USD difference in price can make a huge impact on the turnover In 6 months our turnover went up by 32% Product managers can do their real job 2010 Q1 2010 Q1 lets do it manually lets do it manually 2011 Q1 2011 Q1 Price2Spy is born! Price2Spy is born! Manual product monitoring Excel sheets Takes real lot of valuable time, no analytics Humans make mistakes, humans forget about things We can do better than that! This tool is working well! Lets offer it to the world!
Experience makes the difference Experience makes the difference Nearly 300 clients Nearly 300 clients Practically all industries All markets / all continents Retailers Distributors Manufacturers In such a young industry, 5 years in business makes the difference Fast and no-nonsense support Flexible in size Flexible in size We listen to our clients We listen to our clients From small family businesses, 50-100 products Up to large multinationals, monitoring 0.5M products across different markets / countries 80% of features came as a result of our clients ideas! New features every month or so Any new ideas? We d love to hear from you!
Monitor Monitor competitor prices, use analytical competitor prices, use analytical tools tools Understand what causes market changes Understand what causes market changes Understand competitor / retailer behavior Understand competitor / retailer behavior Be the one who drives the change! Be the one who drives the change! Suitable for market leaders Suitable for market leaders 5
How often do they change their prices? How often do they change their prices? How often How often do they do they run out of stock? run out of stock? How often How often do they do they run promotions? run promotions? Automated or manual price change process? Automated or manual price change process? Currencies: FX rate impact Currencies: FX rate impact
API integration API integration
. . Tight integration with your ERP Tight integration with your ERP team team of of Price2Spy's Price2Spy's
