In this article, we discuss 5 common changes you want to be notified about through alerts.
To increase the visibility and improve the presentation of your brands’ products in physical stores, you may deploy merchandisers who visit stores regularly. They notify inconsistencies and take action upon missing products or improve the presentation of products.
A resort to achieve the same on the digital shelf is an alert that notifies you or your team members at the right moment and allows you to take necessary actions —All with the aim of making products more noticeable and attractive so that their sales increase.
Sitelucent defines 2 types of alerts: KPI level alerts and Product level alerts. Now let’s dive into the 5 changes you want to be notified about!
A product that isn’t listed online can’t sell—A statement that stands as a house.
Sometimes, products disappear from the shelf, without you noticing. Stop missing out on sales by getting notified immediately if one of your products vanishes across multiple retailers!
The ‘Product Coverage KPI’ tells you the ratio of products found online (listed) on a specific retailer to the specified assortment for that retailer. If the KPI shows a value of 0 for a product, it means it has not been found online. If it shows ‘1’, it means the product is covered and thus, has been found.
You can see how to set up an alert that notifies you if products disappear (change from 1 to 0) from the shelf in the below image.
TIP: You can receive an alert via the tool, or via email. Email is recommended if you want to receive details on what triggered the alert. A notification via the tool is recommended if you only want to be notified of a change.
You can also choose to set up an alert on the KPI level to get notified if the product coverage of, for instance, retailer Amazon DE drops below 90%. The notification you need to set up for this looks as follows:
TIP: If you choose to look at the data for ‘Today’, please be aware that you will receive the alert when the data is refreshed. We can refresh your data between 1 and 8 times a day, depending on your challenges and goals.
No brand wants to drive attention and traffic to a product page which then fails to convert at the final moment because the retailer doesn’t have the product in stock. That way, you miss out on sales opportunities that an out-of-stock notification could have prevented.
Alerts on the KPI ‘Availability Rate’ notify you when a product runs out of stock. On the product level, 0 means that a product is out-of-stock, and 100 means it is in stock.
How do you set up an alert that notifies you when a product in the TV category runs out of stock? You select ’tv’ in the category filter. We’ll show you in the below image.
Selling prices constantly drop and rise, especially with most online retailers using dynamic pricing. Sitelucent pricing alerts can notify you if a price drops and if a price significantly deviates from the Recommended Sales Price (RSP)*.
Imagine: You want to receive an alert when a products’ selling price deviates more than 5% from the recommended sales price. You can do this by setting up the below-displayed alert on the product level.
*To measure RSP deviations, you first upload your RSP’s to Sitelucent.
The so-called Digital Content Completeness score (DCC score) indicates the completeness and correctness of the information on a product detail page (0 is very poor, 100 is perfection level).
In general, DCC scores do not fluctuate regularly. Nevertheless, an alert can be helpful to monitor how your products are presented. Above all, you want the score to improve and certainly not deteriorate.
It is helpful to set up an alert that notifies your content specialist or online merchandiser if a particular products’ DCC score lowers.
From there, (automated) data reports can be used to deep-dive and identify what gap or inconsistency in the products’ detail page caused the lowered content score.
For instance, you find out that adding missing product images or keywords to product copy is needed, or shortening a product title is necessary to make them readable on small devices.
Whether a new review on one of your brands’ products is positive or negative, it is essential to be on top of it.
Reviews can not only influence conversion rates, but they can also provide you with valuable information to optimize your product and product content.
Moreover, if you respond to new reviews, shoppers see that you show commitment, which makes you a reliable seller.
The below image shows an example of setting up an alert on the product level that notifies you when the total review count grew compared to the previous day.
You can use Sitelucents’ Ratings & Reviews dashboard to measure the current status of your products. If your product pages currently show an average 4-star rating, create an alert that notifies you if the average review score of your products drops.
Setting up this KPI level alert will look as follows:
Read our article to discover how you can set up your own alerts!