One of our clients from Switzerland is a retail company that sells 7,500 different e-cigarette products. They have been requested custom repricing rules based on competitor importance. The ability to customize services is one of the benefits that set Price2Spy apart from its competitors.
We have clients coming from many different industries, therefore based on the industry conditions, their business plan, and pricing strategy, they make specific requests to the Price2Spy team. In the case of our e-cigarette retailer client, we have agreed to divide its competitors into two groups and start from there.
As we agreed, we divided the client’s competitors into two groups: high importance and low importance. The client’s store offers over 7,500 products, while Price2Spy monitored key 3,000 products across 20 competitor websites once per week. An average product is monitored on up to 4 competitor websites.
In this case, we perform non-automated repricing since the client did not configure the Repricing calculator to run automatically. Instead, the category manager logs into the Price2Spy App weekly and initiates the Repricing calculation. The manager manually selects which repricing suggestions to approve from an average of 25 that Price2Spy suggests per week. Repricing performed via Indirect Repricing requires a CSV file to be sent to the client, where the client’s category manager picks it up and performs the price change.
For the client’s general information, take a look at the table on the right.
If you find yourself in a similar situation where different competitors of yours are differently important to you, reach us at email@example.com, and we will propose the best possible solution for your needs.
|Number of products||7500|