Dynamic pricing in ecommerce refers to the practice of adjusting product prices in real-time based on various factors such as demand, competition, market conditions, customer behavior, and inventory levels.
PIM (Product Information Management) refers to the software and processes used by eCommerce businesses to centrally manage and distribute product information across various sales channels. PIM systems play a critical role in ensuring consistency, accuracy, and completeness of product data, which is essential for driving sales and enhancing the customer experience.