Procurant Launches Price Watch for Retail Grocers

Procurant, a leading procurement and food safety solution provider for retail grocers, has introduced Price Watch, an AI-driven tool designed to help grocers monitor and manage pricing trends across fresh produce categories. This new feature, integrated into Procurant’s existing platform, allows buyers to quickly identify pricing trends and exceptional purchase patterns, enhancing their decision-making and procurement strategies.

Key Features of Price Watch:

• Real-Time Price Monitoring: Tracks internal pricing trends across distribution centers to ensure consistent and competitive pricing.
• Exception Identification: Detects anomalies or unusual purchase patterns to address pricing irregularities swiftly.
• Actionable Insights: Provides in-depth pricing data analysis to help retailers make informed procurement decisions.
• Category Coverage: Monitors all fresh produce categories, giving a comprehensive view of pricing trends.

Eric Peters, CEO of Procurant, highlighted the importance of AI in optimizing retail pricing strategies: “As we integrate more AI capabilities into our core platform, features like Price Watch become powerful tools to help retailers react quickly to market changes.”

Procurant’s platform is widely used by grocery brands and produce suppliers across North America, handling billions of dollars in purchases and facilitating real-time collaboration within the supply chain. The Price Watch module marks the first new feature to incorporate AI technology within the platform, offering retailers enhanced data accuracy and faster decision-making capabilities.

Backed by GLP Properties, Procurant continues to support food safety and supply chain collaboration in the retail and foodservice industries.