A price monitoring tool is a software or web-based application that allows companies to actively track competitor prices and analyze price changes over time. A price monitoring tool allows users to conveniently track product prices across different online retailers. Some key capabilities include:
- Setting price alerts so you’re notified when an item drops below your target price point. This helps you snag good deals.
- Comparing pricing nationwide or worldwide from multiple websites like Amazon, Walmart, eBay in one centralized dashboard.
- Building watchlists to monitor prices of desired items over time, whether you plan to purchase now or later.
- Automated background tracking so the tool does all the work without constant manual checking from you.
Many price monitoring tools are free for basic use, with paid offerings providing extra features. The tools save users significant time and effort researching prices across numerous retailers.
PricingCraft is one such price monitoring solution tailored for businesses. In addition to tracking competitors’ pricing, PricingCraft can also automatically upload product catalogs to clients’ websites. It offers customized services and leverages API integration for seamless data transfer.
PricingCraft’s reporting capabilities help users gain valuable market insights. Their competitor monitoring software along with comprehensive features and support aim to help organizations optimize operations and profitability through informed pricing strategies.
In summary, price monitoring tools automate the process of tracking product costs from multiple online sellers. This allows users to spot the best deals and ensure they’re getting the lowest available price.