Do you buy products from distributors or wholesale suppliers to sell in your store? How often do you check the prices you pay? With new AI tools, you can easily see what you paid for each item over the past year or even up to five years. You can also compare prices from different suppliers. This helps you buy products at the best possible price. By reviewing your purchase prices and buying in bulk when costs are low, you can boost your store’s profits.

Is there a trick to analyzing your wholesale pricing? No, Intelliqueries handles that for you. We have set up AI models to perform the work. When you work with our team, we help you determine a pricing strategy that helps you both purchase items at the best price and set a target price for maximum profits. Our model searches for the same items for sale and produces a minimum, medium, and maximum price for each of your items. We also consider your costs when we create a suggested retail price for each item. AI allows us to analyze how many units sell at each price point. As a result, you receive an optimal suggested retail price to maximize your profits.

Now for long-term strategic benefits. Once your pricing discovery program is created, ongoing analysis becomes easy. You continue to compare wholesale pricing and optimize your current product prices at regular intervals during the year. This pricing balance keeps your store profitable as you sell more items. As you gain insight into your store's numbers, you have the chance to make rational decisions. These lead to solid pricing solutions.