Competitor Price Monitoring & Update For Complete Product Range Of A Magento-Based eCommerce Site
The client runs a multi-brand B2C eCommerce store, with over 70,000products across almost 100 categories. The store deals in branded electronic products and appliances, including mobile phones, laptops, tablets, cameras, media players, accessories, memory & storage devices, kitchen and home appliances and much more. As a premier electronic goods retailer in Finland, the company offers latest products at competitive prices.
Our client was looking for an outsourcing partner to monitor the product prices of competitors and subsequently update them on their eCommerce store of electronic goods. The client wanted us to track and monitor the prices at which competitors were offering the products and adjust the prices suitably to ensure that they were competitive.
The client was looking for a reliable partner that would offer services at cost-effective prices and in a stipulated timeframe. It was a challenging task to track and monitor prices for their complete product range and update them on the website as well as online marketplaces and comparison shopping engines upon which they are listed.
The project required proficient handling of advanced price monitoring software as well as skilled professionals who could track stock information, which is generally not as transparent as price, to identify competitors' products that our client did not carry, besides products exclusive to the said competitors.