This digital age has led to the emergence of several online retailers, each of them looking for consumer attention and enticing pricing to fetch more buyers. In this scenario of fierce rivalry, the brand owners or manufacturers should look at the extensive web of pricing policies along with distribution channels to protect their profit margins..
In any business or industry, it is beneficial to predict how the competitor will act so that you can be prepared with a counter-action. This requires you to pay attention to different sources of information for identifying the behavioral patterns along with other factors that influence how the participants will act. This information is known..
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..
For most businesses, data collection is not an issue but putting the data to use and getting valuable insight which drives better decisions. The solution to this challenge lies in finding a data integration tool which can manage and analyze different types of data from diverse sources. However, before data analysis, it is important to..
Are you also tempted to change your pricing strategy for 2024? Did you know that your business can work wonders in today’s data-driven market with the help of business intelligence? Yes. Business Intelligence (BI) can be a real game changer in the coming year. Today, in this blog, we will talk about Business Intelligence Platforms,..
In this age of digital revolution, it is not possible to imagine anything without data. Data needs to be collected from the internet and it is here that web scraping comes into the picture. What is Web Scraping? Web scraping or collecting data from websites is the automated process of fetching an enormous amount of..
It is that time of the year already when people are ready to ring in the holiday season with some great shopping! Yes, it is December! Now, is the time when consumers are on the constant lookout for special Christmas Sales and offers. People keep their shopping lists for this time of the year to..