Price Benchmarking

Online and in-store price benchmarking enables our clients to retain a competitive pricing advantage across retail sectors. Using a number of monitoring services, we can capture critical information, including photographs of key commerce activities, trends and promotional calendars. With these competitive pricing strategic insights, you can stay one step ahead.

3D retail keywords
Business text table and price

Price benchmarking and an analysis of your product pricing strategy

 

Product benchmarking helps understand your pricing structure and your position amongst your competitors. This has become an increasingly important area for FMCG and CPG companies to consider. Powered with this information, you can be confident that you are positioning yourself correctly in the marketplace, and the consumer is inclined to choose your products.

Our expertise cover:

  • Price and promotion benchmarking
  • Comprehensive product descriptions
  • Competitive pricing analysis
  • Gap analysis
Modern Price Optimisation

Additional Values

We’ll give you additional insight and retail analysis, including:

  • Highlight areas of opportunity for new product launches and range review growth
  • Recommendations for product category improvements
  • Comprehensive insights into product benchmarking strategies
Close up of woman pointing at a graph and having a discussion about the statistical results

Flexibility

Our clients have the flexibility to make changes throughout the duration of a project should the focus of the activity change.

  • Update and change instructions regularly
  • Include additional categories
  • Free up internal resources
statistical analysis - figures and calculator

Reporting and data validation

Our experienced Account Managers will guide you on how best to access the results:

  • Secure and easy online access to data and reports
  • Reporting available 24 hours a day, seven days per week
  • Results can be supplied back in any format required
  • Summary PowerPoint presentations by categories and retailer
shopping trolley in supermarket aisle

Photographs allow you to build a full in-store picture

Quality photographs are taken during each visit, giving you the capability to build a full in-store picture. We can capture:

  • the full in-store product range
  • Individual SKU detail
  • Promotional activity
  • New product promotional activity
  • Product placement
Individuals discussing statistics around a table. A Mac laptop is in view

Working with Assosia?

It’s easy – talk to us about which retail industry and categories you are interested in, and we will implement a price benchmarking programme specifically for your business operations.

  • The programme can be up and running within one week from the agreed brief
  • Reports designed to meet your needs
  • We’ll work in partnership to achieve your goals
  • Provide accurate, robust and on-time data/reports
  • Free up internal resources

Case Studies