By Indian Retailer Bureau
PriceSpider, a leading online retail marketing service provider, has launched its re-pricing engine that enables manufacturers and resellers to automatically adjust pricing based on preset or on-the-fly criteria as it pertains to competitive market activity.
"Manufacturers and resellers traditionally set prices based on the actions of large marketplace sellers," said PriceSpider CEO, Anthony Ferry.
"When a price drops on one of those major sites, there is generally a flurry of activity by others to price the item effectively to claim the 'buy box' – our PriceSpider re-pricing solution helps more sellers compete more effectively."
The PriceSpider re-pricing engine helps sellers intelligently and dynamically price products. It provides the actionable data needed to set rules, manage strategy and optimize pricing activity with complete visibility into the market.