Seeking Technologies for Pricing Automation

PT Monotaro Indonesia (Monotaro) is is an B2B ecommerce company, Joint Venture company of Monotaro Co.Ltd and Sumitomo Corporation Group.

To provide consistency and competitive product pricing to users of our eCommerce platform, we are seeking a solution which enables automated price optimization.

There is a lack of automated price optimising solution specific to the Indonesia’s online and offline markets. Here are some of the challenges:

• Some product categories are not standardised with unique product identifiers or displayed online.
• Some products may not have barcodes as they are not mandatory in Indonesia.
• Identifying products are a challenge in Indonesia as the names, descriptions and images may differ across the same products.
• In terms of offline markets, many of products in Indonesia do not have barcode or unique product identifiers that could be tied to price and other attributes.

We are seeking a technology that may work through a combination of backend crawler of online and offline markets which is integrated to a system, where acquired product pricing can be matched to similar products. An output for the proposed optimized pricing for matched products can then be produced and automatically updated on our eCommerce platform.

The proposed solution should be able to collect product and pricing related data relevant to the Indonesia markets and our e-Commerce platform, with data collection extending to offline and online market data.

The offline data acquisition should be able to collect relevant market data from items with no product code. This may be a challenge where innovative solutioning is sought.

We require the output optimized pricing to be in line with Indonesian product pricing. Prices should be automatically updated on the website via API integration.

The proposed solution should incorporate data collection, aggregation, cleansing and analytics, with a dashboard display for operators of the system.

We will be open to share our data on our eCommerce platform which are already available via public viewing. 

While the intention is for the technology to be specific to Indonesia markets, eCommerce platforms at times host items not prevalent in Indonesia. As such the crawler technology should also be able to obtain data from overseas sources and use acquired data for price optimization of key items.

Further Details

Further details of the challenge statement may be found at the Briefings Page, in the form of video recordings of the virtual briefing sessions, Q&A transcripts and presentation slides if available.

Instructions on Submitting Proposals

Download the proposal submission form in Microsoft Word format at the 'Attachment' section of the Challenge Statement Listing Page and fill in the details of your project proposal. You can then proceed to the proposal submission page by logging in and clicking the 'Submit Proposal' button on the right side of this page, where you will have to fill in the form fields and attach the filled Microsoft Word project submission form before submitting. Do also upload supporting documents/files that may support your proposal.