OTTAWA – October 19, 2015 – 360pi, the leader in product intelligence, today announced that CPO Commerce has joined their growing client list of retail innovators. CPO Commerce’s core business is the creation and operation of ecommerce sites on behalf of tool brand manufacturers. At present, it runs 45+ online outlet stores including CPO Bosch, CPO DeWalt, and CPO Milwaukee. With this strategy, CPO Commerce has emerged as America’s leading online tool retailer, and is the industry leader in factory reconditioned parts.
Earlier this year, CPO Commerce selected Revionics as their price optimization vendor and was looking for an accurate, reliable source of price and product intelligence to power this solution. “We recognize that the value of price optimization is only as good as the underlying data, and with refurbs a core part of our business, accurate product matching can be extremely difficult,” said Girisha Chandraraj, SVP, Chief Digital Officer at Essendant and Chief Operating Officer for CPO Commerce. “360pi stood out from all the vendors we evaluated for their express focus on product matching, and their proven data accuracy. As well, with their demonstrated commitment to responsiveness, it was evident that 360pi was uniquely committed to integrating with our existing back office environment, notably Revionics.”
In addition to integrating seamlessly with their existing price optimization solution, CPO Commerce was seeking assistance with MAP monitoring, as this condition applies to approximately 20% of the brands they sell on their sites. “Effective MAP monitoring can be extremely elusive with differential in-cart pricing that can change at any time,” stated Chandraraj. “We recognized the immediate business value of 360pi’s MAP alert functionality, which literally identified dozens of violations for a single brand upon implementation, and kept a history for future reference.”
“We are honored that CPO Commerce has entrusted us to underpin their price optimization, and to support their brand partners with accurate MAP reporting,” said Alexander Rink, CEO, 360pi. “We look forward to delivering the increased revenue and margin results, and high level of service, for which 360pi has become known.”
360pi derives profitable insights from product and pricing big data to help leading omnichannel retailers, etailers, and brand manufacturers compete and win with shoppers. 360pi’s customer base accounts for over $US200 billion in annual product sales and includes Ace Hardware, Build.com, and Overstock.com, along with several Fortune 500 consumer products companies. With the majority of in-store purchases being influenced online, 360pi helps retailers and brands successfully navigate the multi-channel landscape with real-time insight into who is selling what, where, when, and for how much. Ultimately, 360pi customers make smarter decisions faster to drive increased revenues and margins across all channels.
About CPO Commerce
Established in 2004, CPO Commerce is America’s leading online tool retailer, operating more than 40 brand outlet stores including CPO Bosch, CPO DeWalt and CPO Milwaukee. CPO’s brand outlet stores are known for their full selection of new tools and accessories, as well as the country’s largest selection of factory reconditioned tools. CPO Commerce also operates specialty tool stores such as CPOoutlets.com, ReconditionedTools.com and Tylertool.com.
CPO has shipped over 2 million orders to professional contractors, woodworkers, and handy homeowners who appreciate CPO’s commitment to its customers. BizRate has recognized CPO in its Circle of Excellence, acknowledging that CPO goes above and beyond the norm to provide exceptional service to its customers. For seven years in a row CPO Commerce has been recognized by Inc. Magazine as one of the fastest growing private companies in America.
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