• Collect and validate data on competitive prices at the regional and zipcode level
  • Utilize text analytics, price, inventory, image and product attributes to find competitive prices
  • Customized UI with source sites for all webscraped prices

  • Determine the KVI and image items for analysis.
  • Build, modify customize process to collect “scrape” competitor prices
  • Calculate the current competitive price indices for each combination of item role group / category / competitor
  • Determine the target competitive price indices for each combination based on category role and desired market position
  • Implement rules based solvers to determine optimal prices for products based on defined competitive strategy
  • Establish process to monitor and react to competitive price changes

  • Reduced manual efforts
  • User-friendly interface
  • Analyze prices in real-time
  • Systematic, consistent process
  • Visual insight to competitors pricing
  • Visual insight to competitors pricing Evaluate price sensitivity and shifts
  • Select right products for future pricing & promotions

SEE IT IN ACTION

Request a Price Trax Demo today! Our product team can give you an industry specific demo of our price optimization tool, covering how the tool is used, what is required to get started, the expected implementation time for your specific project, and a customized quote.