When a brand or a manufacturer monitors its prices by their own set-up, it gives the message of “I can see all” to the retailers. When there is a strong and updated system for monitoring prices with advanced technology, brands can see and understand the situations on e-commerce pages by themselves. It creates an autonomous strength for brand owners or manufacturers. It creates a strong understanding of a brand image.
Price Monitoring Systems
Determining your own price tag and preventing it to be undermined by inexperienced or ill-intentioned sellers can be made with a strong price monitoring system. Determination of your minimum advertised price or MAP violator retailers can be made at the right time, with the right effort via such a monitoring system. Utilizing a strong price monitoring system like PriceRest can update your MAP enforcement to another level. Seeing the beginning of violations, actors of these violating actions, and collecting data regarding changed prices can be made with the monitoring system. With the advanced technology of PriceRest, brand owners can gather such updated data with almost no effort. However, if they choose manual monitoring, delays in the determination are almost certain. The most important part of MAP enforcement is about the determination of violators. Such determination can be made with automated and updated data gathering systems like PriceRest, without losing any time. Choosing PriceRest as the price monitoring system for a brand can help that specific brand at the step of determination.
Monitoring Retailers
MAP violations can be made in the long and continuous terms. They are not “one-shot” operation and they can be repeated constantly. Monitoring retailers just for once, probably will not help the brand owners. Creating a strong system for monitoring those violations for continuity can help brand owners to see who is creating such violations. With the help of PriceRest, you can protect your minimum advertised price or MAP policies, continuously.
MAP violations can be made with back door sellers who are not authorized by the brand owners at the begin with. To find such sellers and how they acquired the products can be made with monitoring as well. Utilizing advanced technology systems for monitoring like PriceRest can help you to find responsible sellers or retailers for such shady activities.
Who is Violating Your Price Policies?
PriceRest can provide great advantages to its users to determine who is selling at which price. For the brands, it means they can monitor their minimum advertised prices and who is violating their policies. Preventing such MAP violations can be made with PriceRest, continuously. With the help of a monitoring system, brand owners can also see and recognize their trusted and loyal retailers for good business relationships in the long run. Monitoring retailers by the choices of brands can create more than one advantage in general.
To avoid MAP price violations you must do the following steps;
- Determine your authorized sellers
- Use a strong Price Monitoring Software
- Monitor your retailers
- Protect your minimum advertised price MAP.
- Find sellers who violate your MAP
- Send an instant notification to update their prices.
If you also want to monitor your retailers or sellers on e-commerce, join PriceRest today. And see What PriceRest can do for you.
Request a personalized demo of PriceRest
We look forward to showing you how our platform allows you to optimize the pricing, execution, and measurement initiatives that matter most to your brand and products.
It is Free!
What can I expect?
- A brief conversation to assess what PriceRest can do to help your pricing strategy
- Live product demo with insight into how to get the most benefit from PriceRest
- Discuss your prices KPIs to determine the best path forward for your business
- No commitment required