Price2Spy has new Repricing feature updates

1 June 2022 - 10:17, by , in New Price2Spy features, Comments off
Reading Time: 3 minutes

You haven’t heard from us in a while, but now we’re back with great news! As always, we’ve been busy improving our tool so that you, our clients, can use it for improving your business even further! 

This time we’re here with a couple of novelties regarding one of our most popular features – Repricing

Repricing price change limit

A new setting is introduced that allows you to determine the change limit of the price that is suggested to be repriced (changed). It actually means that, if the price fulfills all other conditions to be repriced, but if changed it exceeds the given limit, it will not be suggested for repricing.

All you need to do is to follow a couple of easy steps from your Price2Spy account in order to enable these settings: 

  • Repricing>Repricing opportunities>New strategy (wizard) – if you are creating a new strategy
  • Repricing>Repricing opportunities> Strategy> 3 dots menu>Edit – if you want to edit an existing strategy
Repricing price change limit

Let’s present this through an example:

The current product price is 10 and you don’t want it dropped below 2%, but the suggested price would be 7.2 (according to all other criteria) – this product will not be included in the repricing suggestions.

Repricing strategy – additional operations

You can now use a new option for Clever drop and Clever raise. This means that addition, subtraction, multiplication, and division can be set for Clever drop and Clever raise and the suggested price will change according to the selected operation and number.

Let’s present this through an example:

If the suggested price is 10, and you set Modify new price settings, where Operation is Subtraction and Number is 2, the suggested price will not be 10 anymore, but 8.

Again, the steps for enabling these settings are very easy:

  • Repricing>Repricing opportunities>New strategy (wizard) – if you are creating a new strategy
  • Repricing>Repricing opportunities> Strategy> 3 dots menu>Edit – if you want to edit an existing strategy
Repricing strategy - additional operations

Edit custom repricing parameters

If you are using Custom repricing, you have an option to edit the parameters for your repricing strategy.

You can find your custom repricing strategy parameters by following a few easy steps: 

  • Repricing>Repricing opportunities>Strategy>3 dots menu>Edit

All you need to do is to contact your account manager and list the parameters you wish were editable. After that, our team will assess if those parameters can be editable and enable you to use this option.

repricing feature updates

Sort Repricing Opportunity URLs

The steps to follow:

  • Account>Repricing>Repricing opportunities>Strategy>Affected products page

This feature allows you to sort their repricing products (ASC/DESC) by following columns:

  • Product name
  • My price
  • Last change (default)
  • Competitor name
  • Category
  • Brand
  • Supplier
  • Metadata 1
  • Metadata 2
  • Metadata 3

Exported Excel will be sorted the same way.

Sort Repricing Opportunity URLs - Price2Spy

We hope you’ll find our updates useful.

In case you have any doubts, or face any issues while testing this out, please don’t hesitate to reach out to support@price2spy.com.

 

About Price2Spy

 

Price2Spy is an online service that provides comprehensive and suitable solutions for eCommerce professionals including; retailers, brands/manufacturers and distributors in order to stay profitable in the current competitive market conditions. If you want to learn more about what Price2Spy can do for your business, please get a personalized free demo or start your 30-day free trial.

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This blog is a place for eCommerce professionals to discuss ideas, methodologies and strategies to compete more effectively in the ever more tightening world of online retail. We explore things like competitive price monitoring, competitor business intelligence, competitive pricing, and counter-intelligence in general.

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