Competitor price monitoring and automatic repricing

An employee compared prices with competitors by hand for hours a day. Now the system does it and reprices by your rules.

Service
IT solutions
Industry
Electronics retail
Duration
5 weeks
Financial reports and a calculator on a desk

Result

What changed

4,000

products monitored daily

6 h

saved per day

+9%

average margin

Solution

What we built

Every day an employee checked competitor prices for the best-sellers and changed prices by hand. Most of the range went unwatched.

  1. Competitor prices for 4,000 products collected daily.
  2. Prices change by rules: minimum margin, market position, stock level.
  3. A report shows where a price changed and why.
Server racks in a data centre
Backlit keyboard in the dark

The example shows a typical solution. We don't publish client names.

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