In earlier times, buyers had too much liberty to acquire whatever they sought after without having in mind the impact these important decisions had on the bottom line.
The underlying assertion is that every E-commerce company needs to plan product assortments that are wide enough and deep enough to meet targeted customer preferences and keep them reaching you for more. Use of Competitive Product Data Extraction Software Toolsįor advanced competitive planning solutions like DataCrops Product Data Extraction Software, the data intelligence tool understands as well as interprets which product categories are delivering the peak margins, seeing where the top returns are on their products, and note which categories might need the smallest amount of markdowns. By enabling technology for product data extraction, product assortment optimization, and with competitor price monitoring software solutions E-commerce companies gain an enormous competitive advantage with the capability to enhance the understanding and optimization of product assortments. Using technology-based tools E-commerce companies can out plan and outperform their competitors.
When superior pricing and product optimization techniques are applied, E-commerce companies can recognize 10% to 20% inventory reductions, boost in turn-over and enjoy improvements in profit margins. The Easiest Way to Extract Product Data from E-Commerce WebsitesĮ-commerce companies today require every technological benefit they can get to monitor competitors’ product and pricing information in real time.
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