MAP Monitoring: Strategies for Retailer Pricing Surveillance
What is MAP Monitoring? MAP monitoring, short for Minimum Advertised Price monitoring, involves manufacturers and brands closely tracking the prices set by retailers and resellers. This ensures adherence to their Minimum Advertised Pricing (MAP) policy, which establishes the lowest price sellers are allowed to publicly display. Manufacturers and brands must consistently monitor individual retailer stores, […]
Enhancing Your Brand Reputation through the Implementation of a MAP Policy
The impact of pricing strategies on brand reputation cannot be underestimated. While some may believe that offering the lowest prices benefits buyers, the reality is that constantly striving for the lowest prices can have detrimental effects on businesses, especially those already facing economic challenges. To combat the negative consequences of price wars, businesses […]
The Hidden Advantage of MAP Monitoring for Boosting Sales
A common concern among potential clients before implementing a MAP program is the possibility of a decline in sales. While this worry is understandable, we’ve observed that sales generally increase following the implementation of Minimum Advertised Price (MAP) or Minimum Resale Price (MRP) policies. Without these policies, numerous brands struggle to expand into […]