Is my cost price/market price comparison still up-to-date?
The internet has made market-conforming sales prices crucial. Comparing the prices and other conditions of many providers takes buyers just a few clicks on a mouse. This makes it increasingly important that you, as a Purchaser or Purchasing Manager, keep a sharp eye on price fluctuations in order to determine whether your purchasing conditions are still in-line with the current market situation. But how do you organise this for a range that often includes thousands, of products?
Keep track of virtually the entire market
Looking up prices manually is, of course, an option. But if you’re dealing with a lot of products it becomes a very time-consuming process, which is why in practice the task is often limited to new products and a regular sampling of the remaining products. And, due to the current speed of information processing, this means there’s a good chance mistakes will be made. Set your price too high and your revenue will suffer. Set your price too low and your margin will suffer. Pricesearch will keep you in the frame. Our system automatically checks the prices of both clients and competitors and calculates the price differences. You can see at a glance whether your pricing conforms to the market.
How does it work?
Open an account with Pricesearch and input your EAN numbers or your own product numbers. Importing an Excel file is even easier. That’s it, that’s all you need to do. Pricesearch starts working for you immediately. First Pricesearch finds the prices you are using. Then, four times a day, the system searches out other providers of the same products. The prices found are displayed alongside each other and a colour coding enables you to see at a glance how they compare to your own price.
Even easier: with Pricesearch you receive an Excel file in your mailbox every Monday morning so you can start the week completely up-to-date. Sorting on brand or product type makes whether you need to adjust your recommended gross prices clear very quickly.
Too good to be true?
Start today and from now on you can maximise your margins without jeopardising your chances of sales due to unrealistic prices. Your discussions with clients and suppliers will also be much easier because you have concrete evidence of price fluctuations.
Unique in the price comparison market
What makes Pricesearch absolutely unique in the market is that it includes and compares not only competitive products that are identical but also products that are equivalent. To do this the system uses an advanced algorithm. Even differences in packing unit are included. The price history of every product is displayed as a graphic so you can see the price development at a glance.
Add dynamic pricing?
Using Pricesearch gives you an optimum sensitivity for market fluctuations. The price position of your range is no longer a surprise for you. Perhaps it is now time to take the next step: specify your cost price and minimum margin and Pricesearch will continuously calculate the optimum price for you.
System integration with an API
An API (an interactive link) can ensure the real-time exchange of prices with your webshop or ERP system. This will unlock new possibilities that will enable you to very simply find the balance between maximum sales potential and the highest achievable margin.