As you might have noticed, there is no one-size-fits-all choice. Some sellers would be happier with simple, easy-to-handle solutions that only do price monitoring. If you don’t have hundreds of items in your catalog, if you don’t want to see the whole picture but will be pleased with tracking a bunch of competitors you can easily get away with one of the less expensive solutions.
If you have:
You will have to hire a more expensive solution.
Make sure to check:
— The quality of data (how fresh it is, can it find all possible matches, can it detect an outlier)
— The speed of repricing engine (will it make possible real-time price tracking and repricing)
— Can the solution be integrated seamlessly with your ERP
— Does it have an API access
— Is it a desktop or a cloud solution
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