Obtaining accurate and comprehensive data can be a challenge in price monitoring. Prices and product information change frequently across various e-commerce platforms, and discrepancies can arise due to technical issues or data collection limitations. Ensuring the accuracy and completeness of the data is essential for making informed pricing decisions.
Our tools can monitor pricing of millions of products in a supremely scalable fashion. We are able to do this down to a post code level providing one of the strongest pricing intelligence solutions in the world.
Identifying and monitoring the relevant competitors in your market can be challenging, especially in highly competitive and fragmented industries. Identifying the key players and monitoring their pricing strategies accurately is vital for effective price monitoring. Businesses need to invest time and effort in competitor analysis to ensure they are tracking the right market players.
E-commerce platforms often have dynamic marketplaces with multiple sellers offering the same products. Price variations can occur across different sellers and regions, making it challenging to track and analyze all price points accurately. Ensuring consistent monitoring across various platforms and adapting to regional pricing differences can be complex. PIMerce simplifies this task providing you with pricing information across multiple sellers and locations.
Monitoring competitors' prices is crucial, but it's equally important to ensure compliance with pricing policies and regulations. Some industries have strict pricing regulations or agreements that businesses must adhere to. Monitoring prices without violating legal and ethical boundaries requires businesses to be knowledgeable about pricing regulations and actively manage their pricing practices. We actively monitor (Minimum advertised price) MAP violations and provide intelligence around specifics where pricing violations have occurred to take action.