In these times of the transitioning economy, manufacturing pricing strategies need the utmost focus for any business. Due to the supply chain challenges and shrinking margins, industrial pricing has become more competitive than ever. Especially in the industrial space, companies are incurring higher costs for production materials, thereby affecting their profit margins. Many manufacturing firms increase the..
Price monitoring, which is also known as price intelligence, is the process of collecting competitor and their product pricing data for analysis. The information collected is further used for taking crucial business decisions, such as developing a solid pricing strategy. And as AI is changing the way we do business, it is significantly vital to move with..
Industry analysis plays a crucial role for any manufacturing business as it enables one to examine past trends, identify current demands and anticipate the future outlook of the industry. Now, this analysis also serves as a recommendation when an unexpected development takes place in the industry. It encourages constant improvements, and it’s worth investing time..
It can be tough to find a factor that offers an edge to your retail business in the competitive industry owing to several players. There is nothing such as too much information about the product and prices of the competitors. Being aware of the existing retail prices offers a better idea of where to start..