Purpose
1.2. Prevents stockouts or overstocking by automating price updates based on predefined rules, historical trends, and current market demand.
1.3. Reduces manual intervention, ensuring pricing remains competitive with minimal staff input.
1.4. Integrates with inventory management, POS, and e-commerce for synchronization across sales channels.
Trigger Conditions
2.2. Inventory exceeds preset upper limit signaling potential overstock.
2.3. Timed (scheduled) inventory checks (e.g., hourly, daily).
2.4. Manual override/input from manager dashboard.
2.5. Change in sales velocity or restock event detected.
Platform Variants
• API: Admin REST API – ProductVariant update endpoint for price changes.
3.2. WooCommerce
• Function: wc_update_product() for programmatic price adjustment.
3.3. Magento
• API: CatalogProductRepositoryV1 for updating product price.
3.4. BigCommerce
• API: Catalog API – Update Product Variant endpoint.
3.5. NetSuite
• SuiteScript: record.submitFields() for inventory pricing updates.
3.6. Oracle Retail
• API: Pricing Administration REST endpoints.
3.7. Lightspeed Retail
• API: Product endpoint PATCH for wholesale/retail price updates.
3.8. Square
• API: Catalog API – Update CatalogObject for pricing.
3.9. Vend (by Lightspeed)
• API: PUT /products/{id} for changing price based on inventory triggers.
3.10. SAP Commerce Cloud
• Service: ImpEx scripts for automated bulk price modifications.
3.11. Salesforce Commerce Cloud
• API: OCAPI – PATCH products endpoint for price fields.
3.12. PrestaShop
• Webservice: PUT /products/{id} to update price field.
3.13. Microsoft Dynamics 365
• Service: Data Entities – Patch Product Price.
3.14. QuickBooks Commerce
• API: Update Price List Item endpoint.
3.15. Zoho Inventory
• API: Update Item API for modification of sales price when stock changes.
3.16. Cin7
• API: ProductUpdate endpoint.
3.17. Linnworks
• API: InventoryItemUpdate for real-time pricing.
3.18. Ecwid
• API: PUT /products/{productId} for instant price changes.
3.19. Odoo
• XML-RPC: object.execute() to update product.template price.
3.20. OpenCart
• Admin API: EditProduct endpoint to change price dynamically.
Benefits
4.2. Minimizes excess stock or lost sales with proactive pricing.
4.3. Cuts down manual labor, reducing pricing errors and overhead.
4.4. Supports multi-channel uniform pricing, preventing channel conflicts.
4.5. Enables granular, SKU-level control over inventory-driven pricing strategies.