Control your distribution and optimize your prices: towards an omnichannel strategy

Mastering omnichannel distribution, both online and in-store, is a strategic challenge for all brands. This is how they can preserve their brand image, create a quality shopping experience and, ultimately, increase their sales. To meet this challenge in the age of omnichannel, these brands must be able to collect reliable and usable data at all levels of contact: in stores, on reseller sites, search engines or price comparison sites. It is now an essential point in their marketing strategies in order to quickly identify areas for improvement and make the right strategic decisions.

Control your distribution at the point of sale

Brands know it well: linear readings are essential to optimize in-store performance, carefully monitor stock, traffic, merchandising, layout and pricing. In particular, they allow sales managers and brand managers to identify areas for improvement to satisfy customers and refine strategies. The integration of technologies such as mobile apps, AI and IoT (Internet of Things), combined with standardized training and collection procedures, make these audits more efficient than in the past, with 100% manual linear readings being particularly tedious. This helps build a data-driven culture that supports operational excellence and continuous improvement.

Mastering your digital distribution and digital shelf

Mastering the Digital Shelf, the online equivalent of in-store shelves, has become essential for brands looking to optimize their online visibility and attractiveness. Online intelligence plays a key role in monitoring pricing, availability, promotions, and product presentation, allowing brands to stay competitive and adjust their strategy in real-time against competitors. With specialized tools like Price Observatory, they can keep up with market trends and improve their digital positioning.

Harmonize physical and digital strategies

The control of distribution therefore requires omnichannelity. It represents a strategic approach to unify the customer experience by harmonizing physical and digital channels. This approach therefore consists of creating a synergy between the different points of contact with the consumer, whether it is a physical store, a website, a mobile application or social networks. The goal is to provide a seamless and personalized customer experience, where information and actions taken on one channel are recognized and acted upon on all others. By offering a unified view of the customer relationship, omnichannel improves customer satisfaction, strengthens loyalty and optimizes sales performance.

What solutions can be found to meet the challenge of omnichannel distribution?

The importance of in-store and online shelf surveys and thus having a 360° view is now obvious. But what solutions can be adopted to simplify this time-consuming data collection which, if done poorly, is a source of errors? To optimize this process, solutions such as Easy picky and Price Observatory are particularly effective. Easy picky Automates Shelf readings in stores thanks to scanning tools embedding an Image Recognition solution, which works simply by activating the camera of a smartphone or tablet and walking through the aisles of a store. Price Observatory ensures a Comprehensive online monitoring. It records prices, stocks, catalogues, images used, customer reviews and product ratings in real time. It monitors the greymarket, buy box holdings on marketplaces, market trends and competing products. The solution makes it possible, thanks to high-performance product matching algorithms, to monitor price changes in real time in order to better advise retailers in their online sales and pricing strategy while maintaining a good brand image.  By combining these two tools, brands benefit from a reliable and up-to-date source of data in real time, allowing them to make informed decisions and strengthen their competitiveness both online and in-store.

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How EasyPicky simplifies field data collection for Henkel

The sales forces of Henkel Home Care division were responsible for manually filling out large Excel spreadsheets during field surveys, which was tedious, time-consuming, error-prone and could only be done a few times a year. Negotiations with department managers were hampered by the lack of KPIs, affecting the quality and effectiveness of discussions. Sales and marketing departments had a limited vision of the field, only receiving ad hoc data during survey campaigns, which made it difficult to accurately evaluate strategies. EasyPicky has revolutionized the collection and analysis of field data for Henkel's sales force. Thanks to its Image Recognition solution, they can take exhaustive readings at each visit, simply by activating the camera of a tablet, even in 100% offline mode.

Industry leaders now benefit from instant analysis of the data collected, strengthening their negotiating power with customers with reliable and measurable information in real time. Sales and marketing departments also have immediate access to field data, automatically consolidated in Henkel's CRM, giving them a clear and constantly updated view of point-of-sale performance to quickly adjust sales and marketing strategies.

The Sucess Story Henkel & Easypicky



How Price Observatory provides Schneider Electric with clear visibility into the prices of its dealers and competitors

Schneider Electric is a multinational company with several divisions and an operational structure for each country. During the CoVID crisis, the BtoC division experienced very strong growth due to the rise of the Do It Yourself trend among consumers. Their sales to individuals, via e-tailers and specialist stores have increased sharply and Schneider Electric needed reliable information on online prices. However, the group was, at the time, totally blind on this point. With Price Observatory, they now have clear visibility into the pricing of their resellers and competitors, allowing them to make informed decisions about their own pricing. Data scrolling data guides countries in setting their prices, so that everyone knows how to adapt the price structure to the specificity of the country. Price Observatory's solution also guides countries on the Go To Market, as products are marketed through several distribution channels: B to B and B to C (including e-commerce).

The Sucess Story Schneider Electric & Price Observatory




Omnichannel distribution


Towards a 360° vision

The rise of omnichannel distribution and the increasing complexity of consumer touchpoints require new strategies and data collection tools to ensure optimal visibility and competitiveness. Solutions such as EasyPicky and Price Observatory provide brands with concrete answers to these challenges, by facilitating field surveys and offering real-time 360° online monitoring. Thanks to these solutions, brands now have a complete and accurate view of their performance, allowing them to adjust their strategies in a reactive manner and optimize their brand image and sales.

Brands: how to better control your Digital Shelf with online monitoring?


What is the Digital Shelf?

The Digital Shelf is the online equivalent of the shelves in physical stores.

It's the place where customers search, discover and buy products online, whether it's on the retailer's website or mobile app, or on another retailer's website or marketplace.

Just like in a physical store, customers want to be able to access well-stocked shelves, while remaining clear and organized enough, and have the information they need to make a purchase with confidence.

The digital shelf should allow customers to search for information about a product.  Search results pages and product category pages are entry points for online customers and should contain a lot of information: images, videos, description, pricing, availability, variants and options, ratings, and customer reviews. The pages of each product should also provide all these information.

Supermarkets and brick-and-mortar stores have mastered the art of creating a quality in-store shopping experience. Thanks to merchandising, they know how to create attractive window displays, highlight leader products or promotions aisle head display offers, arrange the shelves in such a way as to highlight products with higher margins, offer a fluid in-store experience to the consumer and encourage them to buy by creating pre-defined universes and consumer journeys. They also offer impulse purchases near the checkouts, and offer immediate assistance on the shelves thanks to salespeople who are available for any questions.

Online, customers are looking for a similar experience: they want to easily find the product they are looking for using categories, keywords, etc., to get detailed information about each product, to have access to useful usage tips, recommendations and reviews from other consumers to be reassured about their choice, they also want to be directed to other similar products or additonal ...

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The Digital Shelf: more and more points of contact

The digital shelf include all the touchpoints that consumers use to research, evaluate, and compare a product with other brands, and then make a purchase. With the development of digital technology, these touchpoints are multiplying, making the consumer buying journey increasingly complex. To manage this digital space well, it is crucial to ensure that products are easy to find, well presented, and accompanied by all the necessary information to encourage purchase.

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Online monitoring, an essential tool for mastering your
digital shelf

Online monitoring consists of systematically monitoring how your products are presented on your retailers' sites, on marketplaces and on the sites of other unknown retailers. This includes price monitoring (tracking prices, promotions, price changes), the way your SKUs are presented on product sheets (images used, description, presentation) as well as monitoring market trends, monitoring competitor SKUs, customer reviews and ratings on your products, and the promotional activities of other brands. The goal is to collect relevant data to adjust your online distribution strategy and stay competitive.

Online monitoring is particularly important for:

For effective price intelligence, companies use price intelligence software such as Price Observatory that aggregates this data in real time via scraping technologies and APIs to extract data directly from competing websites.

Competitive intelligence is not limited to price monitoring, other factors are also important to master your Digital Shelf.

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Essential online monitoring tools to master your Digital Shelf

To carry out effective online monitoring, brands can use various technological tools:

Putting it into practice

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Conclusion

Mastering your Digital Shelf is essential for brands that want to succeed in today's competitive digital landscape. Online intelligence provides an effective way to monitor and optimize the various aspects of the digital presence of products. By taking a proactive approach and using the right tools, brands can improve their visibility, attract more customers, and ultimately increase sales. For personalized advice on the pricing of your products, do not hesitate to contact our team of experts on Price Observatory website. Contact us for a demo, a real-world test or information