Did you ever wonder if some important pricing decisions can be formulated in a kind of mathematical / algorithmic way? Price2Spy will try to help you make a step into this direction with this functionality - in a very easy and simple way.
The Pricing Strategy module helps you define your own pricing strategies, which can be segmented either per product category, brand or supplier (or - for all the products in your Price2Spy account).
The idea is to help you identify if there are products which meet criteria (which you will define yourself) for pricing adjustments - in order to either improve your position on the market, or in order to maximize the profit and similar.
In general, the factors involved in this complex equation are
We have identified 3 types of pricing opportunities that Price2Spy can help you with
For each of your pricing Strategies you can define a set of rules to identify the products which meet the above-mentioned criteria.
What you'll get in return is an up-to-date list of products fulfilling those criteria, together with the current prices and the prices Price2Spy will suggest (based on your rules). This list can be easily exported to Excel and shared with your team, so you can easily apply some of these adjustments to your products' prices.
Or, if you prefer working with Pricing Dashboard, you can easily create a pricing widget, for each of your Strategies.