Boost revenue by setting the right price at the right time. Adapt instantly to market shifts with rule-based controls.
Dynamic pricing with competitor insights lets you react faster, safeguard margins, and capture more sales from online marketplaces.
Boost revenue by setting the right price at the right time. Adapt instantly to market shifts with rule-based controls.
Save time by automating end-to-end pricing workflows. Let the system handle adjustments while you focus on growth.
Build customer trust through consistent and transparent pricing. Stay competitive without compromising your margins.
Uplift in Sales Conversion
Higher Buy Box Win Rate
Time Saved on Pricing Operations
PIMworks is a leading PIM software according to top platforms like G2.
Monitoring competitor pricing has been a game-changer. We can now make quick adjustments to our prices and keep our customers happy.
Stuck on something? We’re here to help with all your questions and answers in one place.
Dynamic pricing is a pricing strategy where product or service prices change in real time based on factors such as demand, competition, customer behavior, and market conditions.
Dynamic pricing uses algorithms and data analytics to adjust prices automatically. It considers demand levels, competitor prices, seasonality, and customer profiles to set the most profitable price.
Dynamic pricing helps businesses maximize revenue, match competitors quickly, improve inventory management, and offer personalized pricing to different customer segments.
Industries such as e-commerce, airlines, hotels, ride-hailing, real estate, and entertainment commonly use dynamic pricing to maximize profits and adapt to market changes.
Yes, dynamic pricing is legal as long as it does not involve price discrimination based on sensitive personal data (like race, gender, or disability) or anti-competitive practices.
Examples of dynamic pricing include flight tickets that increase closer to departure, ride-hailing fares that surge during peak hours, hotel room rates during holiday seasons, and e-commerce discounts based on demand.
The risks of dynamic pricing include customer dissatisfaction, perception of unfair pricing, potential loss of brand trust, and overdependence on algorithms that may misinterpret market trends.
Dynamic pricing continuously adjusts prices based on various factors like demand and competition, while surge pricing is a short-term price increase during peak demand periods, such as higher ride-hailing fares during rush hour.
Artificial intelligence (AI), machine learning algorithms, big data analytics, competitor price monitoring software, and real-time inventory systems are key technologies supporting dynamic pricing.