Innovative and efficient this how we'd characterize our clients from this surprisingly competitive industry, carrying out international operations (across many different countries, sometimes more than 20 countries) by very small and compact teams.
On the other hand, a multitude of small players are emerging, most of them using alternative sales channels (like Amazon / Ebay) which makes effective price monitoring even more challenging.
Furthermore, in many cases product pricing comes in 'tears' (price A is applied when single product gets ordered, while price B counts for larger quantities). This brings another important requirement - capturing quantities / prices for each individual tear.
This industry has highly standardized part numbers, meaning that Automatch is possible in most cases. However, some of the manufacturers have really short part numbers (for example: 8145) which can lead to potential mismatches. In such cases we usually go for additional Automatch validation - making sure that the brand name is a match as well. On the other hand, this approach is not fully error free, since (believe it or not!) brand names are not fully standardized (for example: some site will say GE Lighting, while another will name it General Electrics).
In quite a few cases we have coupled standard Price2Spy price monitoring service with crawling / scraping competitor website product content, in order to provide our clients with a source of structured product data - typically containing product name, description, image, and individual product attributes).
Price2Spy will enable you to identify your competitors' pricing policies (which probably differ from one brand to another, from one product category to another), and to swiftly react to important price change alerts (for example, when a competitor lowers the price below a certain threshold). In case MAP-enforcement is needed, Price2Spy will indicate the MAP-pricing violations.
Here is how Price2Spy can help product managers from this industry