Product price
optimization using
price monitoring
Check out how an Australian brand automated price monitoring using our AI-powered ecommerce platform.
Check out how an Australian brand automated price monitoring using our AI-powered ecommerce platform.
3,30,000
SKUs
33
competitor sites
100%
data accuracy
A top Australian brand with an omnichannel presence required a scalable ecommerce platform to monitor competitor prices daily. They wanted 10,000 products to be monitored daily across 33 different competitor websites. The client additionally required deals and promotions data to be collected for similar products from these sites, online ads, and other digital forums.
Not only was the volume of SKUs quite high, but also the number of competitor websites to be monitored was too large.
Daily monitoring of 10,000 products across 33 sites meant tracking prices for 3,30,000 SKUs to enable real-time price changes.
Identifying and extracting deals and promotions data from print ads and online newspapers required powerful ML capabilities.
eComNeo enabled the brand to make quick and accurate pricing decisions, boosting its sales and profit margins. Here’s how our ecommerce platform worked.
Our ecommerce platform is built to manage vast volumes of ecommerce data, including competitive pricing data from unlimited sources.
Monitoring product prices daily enabled the client to make instant decisions and set optimal product prices to maximize sales.
eComNeo leveraged AI-powered product matching algorithms to accurately map our client’s products with competitors’ similar products.
Monitoring competitor pricing, deals, and promotions from different online ads and newspapers allowed for a comprehensive market view.
The client was able to make price changes in real-time to ensure they offered the best deals to customers, increasing sales by 40% and repeat customers by 37%.