Competera - Price Intelligence (eng)
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Transcript of Competera - Price Intelligence (eng)
PRICEINTELLIGENCE
competera.netBe a #PricingHero
3years specializing in price intelligence
specialists, who love their job
200
20
happy customers in 10 countries
PRICE INTELLIGENCE
Best B2B start-up 2014
Innovational service for retail 2015
Award for most promising project
We truly love what we do and that is one of the reasons why our customers are choosing us.
PRICE INTELLIGENCE
After a long search and testing of different solutions, we chose Competera. The team provides reliable data at reasonable prices. I enjoy working with them and wish this company huge success.
ROMAN OSOKIN
PRICE INTELLIGENCE
Customers mobility has substatially transformed modern pricing strategies
PRICE INTELLIGENCE
Experts had established the major factors that influence pricing:
Increased price sensitivity of consumers
Increased pricing aggressiveness from competitors
Increased price transparancy
Need to protect brand’s price image
Need to provide consistency in price across channels
Need to provide more localized pricing
Increased promotional intensity of competitors
67%
51%
47%
42%
27%
21%
25%
Source: “Tough Love: An In Depth Look at Retail Pricing Practices”
Organizational Barriers Impacting Ability to Implement More Effective Pricing Practices
42%41%40%34%
Lack of clean price, competitor and purchase data
Resistance to change from stores or other channels
Lack of the right skill sets
Channel organization structure makes it difficult to coordinate pricing strategies across channels
PRICE INTELLIGENCE
PRICE INTELLIGENCE
Are you following the concept of modern pricing strategies in your business?
Follow your own route
Change prices wisely
Protect your brand’s price image
Consider channels pecularities in pricing
Respond quickly to competitors’ price changes
Retailers, who use modern systems of price monitoring will be able to...
Not only compare prices, but change the rules of the game
Understand the impact of the retail channel on pricing
Set up a relevant number of price changes per week
Measure the effect of own decisions
PRICE INTELLIGENCE
1234
… and will create opportunities to:
PRICE INTELLIGENCE
INCREASE
IMPLEMENT
CREATE
marginstop-line salesmarket share
a dynamic and local pricing
more profitable promotionsa more price competitive image for customers
PRICE INTELLIGENCE
сompetera PRICE INTELLIGENCE
is a modern platform for monitoring pricing
Platform’s main features
Instant data for each product you sell
Analysis within a category or by competitor
Promotion analysis
Assortment analysis
Data delivery in ERP.
PRICE INTELLIGENCE
How it works?
REST API
Data Streaming
Online Dashboard
Data scrapingClose to the real time
PRICE INTELLIGENCE
Products MatchingWith manual verification
Processing and storing dataData are stored for the whole time
PRICE INTELLIGENCE
Data scrapingclose to the real time
Data is current - less then 4 hours old
Imitates human actions
Collects prices, promotions, avalibility and characteristics
Crawlers with a dedicated support team
"Smart" data collection that does not create an overload
PRICE INTELLIGENCE
Products matchingwith manual verification
Use of crowdsourcing for product matching
quality control matching system
matching of the new products in less then 2 hours
regular search for the products that were not found
We guarantee the quality and timeliness of product matchings and are ready to sign SLA
PRICE INTELLIGENCE
Processing and storing dataData are stored for the whole time
Multi-user access to reports through a browser
API for integration with ERP and/or shop window
Data export in Excel and CVS
Data streaming in Google BigQuery
Voice, Online, Ticket-system user support
We store all data and provide an instantaneous access to it
Advantages over alternative solutions
PRICE INTELLIGENCE
In-house solution COMPETERA
Level of competence Low High
Data accuracy Medium High
Matching technologyAutomated, with no systematic
controlCrowdsourcing
with quality control
Data delivery frequency Once a day ore more rarely Unlimited
Scalability Limited Unlimited
Time for realization Long Short
Return on investment Slow Fast
Opportunities for departments:
PRICING MARKETING PURCHASING
Opportunities for building dynamic strategies and price optimization, implementing a local pricing strategy, adjustment of your pricing considering the demand and the competition, historical analysis of results and implemented changes.
Instant data about competitors marketing activities, signals of when to send out emails or optimize your PPC channels, analytics regarding the dependence of a conversion rate on demand elasticity.
Accurate data regarding an assortment intersection with competitors, comprehensive information about MAP violations, assortment availability of competitors’ data, exact facts and testimonials for negotiating with suppliers.
PRICE INTELLIGENCE
Case studies with COMPETERA data use
PRICE INTELLIGENCE
PRICE INTELLIGENCE
Dynamic determination of elasticity of demand
Demand and competition in online channel are closely related
Deviation from competitors
Competera + Google Analytics + Google BigQuery
Download full case
study
3,00%
2,30%
1,60%
0,90%
0,20%
-10,00% -5,00% 0,00% 5,00% 10,00%
2,0%
0,3%
conversion
PRICE INTELLIGENCE
Measuring price sensibility within category/channel/brand
TVs
Smartphones
Washing mashines
Refrigerators
Laptops
Heaters
Tablets
Water heaters
Multicookers
Ovens
Sensibility coefficient
Download full case
study
Price sensibility by categories
-0,40 -0,30 -0,20 -0,10 -0,00
Download full case
study
Optimize your paid search channels by understanding the deviation from your competitors on the individual SKU level.
Cost optimization of your customer aquisition through paid search channels
PRICE INTELLIGENCE
New opportunities for product recommendations and E-mail marketing
Best price, Best promotion, Abandoned cart - the best deal on the market
PRICE INTELLIGENCE
Understanding where each of your products is in respect to the whole market will then enable you to identify opportunities for the recommendation of complimentary services and trigger targeted mailings.
Simple connection:
1 2 3Determine your monitoring specifications
We process your data and get your campaign ready
Get access to your data
PRICE INTELLIGENCE
Your account is ready to use in just 10 days!
+1 888 387-28-18 US+38 044 362-04-34 UA+4 420 376-96-413 UK
+7 495 204-17-00 RF
Be a #PricingHero