Walmart uses various methods for price tracking and monitoring to ensure competitive pricing and customer satisfaction. Some of the ways are:
Automated Tools: Walmart uses automatic tools to monitor the prices of the products sold by it and its competitors. These tools track the prices of products on a daily basis and changes in prices are recorded.
Competitor Analysis: Walmart regularly conducts competitor analysis to determine the pricing strategy used by its competitors. It helps in setting competitive prices across Walmart stores.
In-store Monitoring: Walmart has a dedicated team of associates who monitor the prices of products in-store. They help in identifying discrepancies in pricing, ensuring correct pricing information is available, and making any necessary adjustments.
Web Scraping: Walmart also uses web scraping techniques to monitor prices of products on various e-commerce platforms such as Amazon, Target, and others.
All these methods help the company to ensure consistently competitive prices across all its stores.
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