ChannelAdvisor Velocity Repricing
If you were to ask even the most experienced online sellers to name the biggest daily challenges they face, one is likely to top every list: pricing. It’s an issue that persists for most manufacturing brands and retailers, and it’s easy to understand why.
When it comes to pricing products, there’s no such thing as a simple calculation. Virtually every listing involves a complex equation with numerous variables, including how much stock you have, the prices your competitors are using and, perhaps most importantly, where current demand stands. And while much has been automated in the world of e-commerce, this is one area that often requires a surprising amount of manual work. Anyone who’s had to research sales velocity and manually change the price of a product knows how time-consuming and error-prone this process
If this sounds familiar, it’s time to discover automated velocity repricing.