Priceloop

Does this solution make sense for our business? Priceloop is a solution for ecommerce and retail companies: Ecommerce (competitive products, non-competitive/private label, fashion, with and without physical inventory), Marketplaces, Omnichannel, and Offline Retail We want to react to our competition quickly. Is an AI-based pricing solution like pri... celoop able to do this? Yes. Our AI competitive pricing module is able to react to competition immediately, because it learns the optimal competitive pricing policy. That means it continuously improves the way you react to competition. Unlike other AI solutions known to us, our competitive pricing module does not lose time after a competitor move until it sees from the data that your sales performance has dropped to figure out that the price is not optimal anymore. Our AI competitive pricing module is the next step upwards from more traditional rule-based repricing. We sell only non-competitive products, e.g. private-label. Is priceloop the right solution? Yes, absolutely. Our AI demand module will continuously and automatically explore and learn the optimal prices for your products. Is priceloop able to provide competitor prices / crawl data? Yes, priceloop partners with the best data providers and integrates them for your specific assortment. Alternatively, priceloop is able to import your already existing competitor price data. Yes. We developed an AI-based clustering algorithm, which dynamically clusters products based on different features. This enables the model to predict demand functions even for slow sellers and for new products with zero sales. At the same time, the clustering is dynamic so that you do not lose granularity on your products with more data. Does the solution understand the concept of cannibalization? Yes, the solution is able to make sure that cannibalization between products does not distort demand function estimates. We make use of promotions and/or vouchers. Will your solution still work? Yes, our AI can ingest your promotion and voucher ...Read More