Category Compass and Market Price Explorer Updates
March 1, 2021
We are excited to announce the latest updates to our Torqata tools in our first major release for 2021! We have made improvements across the board, with the most noticeable ones in Category Compass and Market Price Explorer.
We have focused on simplifying the navigation, improving recommendation logic, and giving you more transparency into comparable data points.
Key benefits and updates
- Review your inventory performance across all your stores at a glance
- Get recommendations that optimize for inventory profitability
- Understand the why behind our recommendations by seeing sales and demand data side-by-side
- More easily compare your prices with the local and national averages
These updates can help you make better-informed, data-driven decisions for your business. We understand that your time is valuable and that the daily decisions that you make on what to stock and how to price is very important to how you operate your business. This is why our focus was on improving the following areas:
Category Compass - To improve the overall experience, we updated the way that we calculate our recommendations and how we present the data to you to make it more actionable and insightful. These updates include new “Current Inventory” and “Recommendations” tabs, side by side comparison views, and more data points for you to better analyze your store performance. Learn more about how Category Compass works
Market Price Explorer - New columns make it easier for you to compare your price with the local and national averages. Learn more about Market Price Explorer
Thank you for being a trusted customer. At Torqata, we believe in continuous improvement and promise to keep improving on our products so that they are customer-centric! We are excited about the additional updates that will roll out throughout 2021.