Price Index Grid: New Analytics Page
It helps you to have an overview of the competition by category and brand. With a glance at the grid, you can see your top 10 competitors in terms of their price index, your shared products, and the total of their price changes over the last 30 days. By clicking on an area of the chart you can focus on a specific section.
Adjusting your pricing strategy
The main benefit of using the price index is knowing how and when to make changes to your pricing strategy.
Let’s say your competitor’s price index for one brand is much lower than yours. That means that they’ve managed to get a better deal with a supplier. Now that you know this, you’re in a better position to negotiate a better deal as well.
Drill down for more
Below the graph, there is a table with all the information from all your competitors where you can navigate and drill down to even the product level. Furthermore, you can export the data to a spreadsheet so that you can integrate them into a presentation, etc.
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