61% of retailers violate MAP on at least some of the products they sell, and 20% of retailers violate MAP all the time.
San Francisco, CA (PRWEB) March 06, 2014
What does every manufacturer need to know about MAP policy? It’s more common than one may think. Manufacturers use MAP (Minimum Advertised Price) to protect brand image, maintain retail value, and keep margins ideal for retailers. But 61% of retailers violate MAP on at least some of the products they sell, and 20% of retailers violate MAP all the time!
Even if only a few resellers are abusing MAP, the situation can escalate quickly due to the nature of the market. One MAP abuser can set off a chain reaction as others fight to stay price competitive.
Manually catching every abuser of MAP is near impossible, especially as prices are changing more and more frequently. “For the manufacturer that produces and distributes thousands of products, policing the retailers who sell your products can be a time consuming challenge. As a result, most resellers violate the MAP at least some of the time because they can get away with it,” said Arie Shpanya, CEO of WisePricer.
Retailers have ways of bypassing the MAP, but manufacturers can fight back too. Besides the typical ways of retaliating by refusing to stock violators and filing claims against them, WisePricer cites automating MAP monitoring as one of the key strategies to protecting your brand.
To view the full infographic, visit http://www.wisepricer.com/infographic-map.
WisePricer is a full-featured pricing and merchandising platform that monitors, analyzes and reprices retail products in real-time. With automated repricing and easy sync, WisePricer enables retailers to boost profit margins and revenue, price with confidence, and improve merchandising through powering the development of a sound pricing strategy.
WiseMapper is an easy-to-use service that lets manufacturers preserve their brand by monitoring product pricing across thousands of online retailers. See who’s selling your products and for how much. Utilizing the same advanced product tracking technology that has made WisePricer an industry leader, WiseMapper provides manufacturers with updated data daily and the most accurate product information possible.
For more information on WisePricer and WiseMapper, please visit wisepricer.com/wisemapper.