Has anyone implemented Dynamic Pricing as part of their ecommerce buying and selling strategy?

What steps have you taken to implement Dynamic Pricing as part of your ecommerce strategy?

Did you use a ready made solution, or create it as a custom feature yourself? What was the cost?

I need my Dynamic Pricing feature to do the following:

1 – Monitor my competitors prices based on product identification code (EAN).

2 – Offer best prices that follow set rules and which have healthy margins.

3 – Take into account demand for product so as to not stock lowest demand products.

submitted by /u/prankster999
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