Competitor Monitoring

Track competitor prices and automate competitive pricing strategies

Overview

The Competitor Monitoring feature allows you to track pricing from competitors, set up monitoring rules, and create automated responses to competitor price changes.

Features

🔍 Price Tracking

•Monitor competitor prices in real-time
•Track price changes over time
•View price history and trends
•Compare against your current prices

⚙️ Monitoring Rules

•Create rules to track specific competitors
•Set up automatic price matching
•Define pricing thresholds and alerts
•Schedule monitoring frequency

📊 Analytics

•View competitive positioning
•Identify pricing opportunities
•Track market price movements
•Export competitive intelligence reports

Getting Started

1.Navigate to Competitors in the sidebar
2.Click "Add Competitor" to add a new competitor to monitor
3.Enter competitor details (name, website, products to track)
4.Set up monitoring rules to automate price tracking
5.View competitor prices in the dashboard

Creating Monitoring Rules

Rule Components

•
Competitor Selection: Which competitors to monitor
•
Product Matching: Map your SKUs to competitor products
•
Pricing Strategy: Match, beat by X%, or stay within range
•
Schedule: How often to check competitor prices

Best Practices

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Set Reasonable Margins

Don't race to the bottom - maintain profitability with minimum price floors.

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Monitor Key Products

Focus on your best-sellers and high-margin products for competitive monitoring.

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Review Before Applying

Always review competitor-triggered price changes before applying them.