Advanced Repricing Replaced Current Repricing Feature

Price2Spy announcements 20.6.2024. Reading Time: 3 minutes

Price2Spy released the advanced version of the Repricing module offering more capabilities and power as well as a more user-friendly interface. All your previous Repricing already migrated to Advanced Repricing, therefore, if you are unaware of new updates check out your Price2Spy account and stick with us to learn what’s new.

How Advanced Repricing Affected User Interface

Repricing Tabs

Tabs in the Advanced Repricing interface are now organized as follows:

  • Repricing strategies – lists all your Repricing strategies, along with their details.
  • Repricing opportunities – lists all the products where there’s a repricing opportunity, according to your Repricing strategies.
  • Repricing executions – lists all the performed repricing actions, along with their details.
  • Repricing settings – this is where you can change settings of your Advanced Repricing module.

    Repricing Strategies

    Account ➜ Modules ➜ Repricing ➜ Repricing strategies tab

    Existing Strategies

    Your existing strategies are prioritized by their current position on the screen (from left to right) by default, however, strategy priority can be changed by dragging certain strategies in front of the others. 

    New Strategies

    You can choose between strategy templates offered or create a strategy from scratch using a set of rules nested in the Repricing strategy builder.

    default repricing strategies

    After you choose your option, the repricing builder will open in the right part of the screen. It is mandatory to fill in the strategy name field. The repricing builder is divided into three sets of rules:

    • Strategy based rules – it is mandatory to choose one of these rules to start creating a strategy 
    • Filter rules – these rules are used for the filtration of datasets for repricing calculation and they are optional
    • Auxiliary rules – these rules are used for optimizing calculated prices and they are optional. The new feature is the Time frame rule allowing you to pre-determine when the created strategy should be active. Raise and drop options are now grouped under the Price change direction auxiliary rule
    repricing strategy builder

    How Will Advanced Repricing Benefit You

    Repricing module’s increased flexibility will allow you to change strategies priority in a few easy clicks. Navigation of the Repricing module is more user-friendly than ever, while at the same time you, as a user, have more possibilities than ever to tailor your repricing strategies precisely according to your needs.

    FAQs

    Can I time-limit my Repricing Strategies?

    • Yes! The time-frame filter enables you to do just that!

    Can I limit the price changes Advanced Repricing can perform? 

    • Yes. You can set various limits to the Repricing rules you choose. Some examples are absolute values, percent values, and limiting changes only to price increases or decreases. There are also many other rules you can apply, so feel free to explore!

    Can I have multiple Repricing Strategies active at once? 

    • Yes. We are well aware of the fact that different market conditions call for different strategies, sometimes even simultaneous ones. The only thing you need to decide on is the priority of each Strategy you have.

    Will I be able to know what repricing actions have been performed on my account? 

    • Yes. Price2Spy has an activity log that stores all the repricing actions performed by this module.

    Author

    Marijana Bjelobrk
    Marijana Bjelobrk is a Marketing Manager who has been writing for Price2Spy since November 2021. She graduated BBA at Oklahoma City University in May 2020, majoring in marketing.