Tel Aviv, Israel—Sept. 19, 2014—Feedvisor, an algorithmic pricing and business intelligence (BI) platform for online retailers, announced the launch of its new Revenue Intelligence Dashboard designed for high-volume Amazon merchants. The dashboard utilizes self-learning algorithms to present the seller with in-depth business information and adaptive alerts, enabling smarter decision-making and optimized business operations.
“Feedvisor’s self-learning algorithms collect and analyze a massive amount of information from thousands of data points, which until now, were used to drive our repricing platform,” said Eyal Lanxner, Feedvisor’s vice president of research and development. “We now opened up this rich data to our customers in a clean and intuitive way, providing them with a level of knowledge they simply did not have access to before. Our new dashboard delivers critical business insights and adaptive alerts, which play a key role in the day-to-day management of a retailer’s online business.”
Feedvisor’s algorithms automatically analyze the competitive environment, product demand and price elasticity of every single product in a seller’s portfolio, and further utilizes this information to identify issues that the seller could not otherwise find. For example, the dashboard highlights items that are not selling or selling too fast, shows the retailer exactly why this is happening and enables them to immediately make any necessary changes. Stale inventory could mean that the seller needs to review the floor or ceiling price of the product, whereas inventory that is moving too fast could signify the need for the seller to alter its replenishment strategy.
The Revenue Intelligence Dashboard gives the seller both a high-level view of its key performance numbers, such as sales and profitability, and enables them to drill down to find more specific information. For example, sellers can now identify which brands are making the most profit, which top-selling items are incurring a loss or which items are no longer competitive. With the ability to learn from a customer’s own business behavior and market experience, Feedvisor’s self-learning algorithms grant the seller an understanding of its business previously unobtainable.
The Revenue Intelligence Dashboard was developed closely with Feedvisor’s customers, and was tried and tested by select Amazon Marketplace sellers.