Price benchmarking for spec-driven products: hose, timber, cabling

Back to overview

Our solution

Your benefit

Some products are sold under a brand and an article number. Others are sold on a specification. An industrial hose, a beam of timber or a length of cable is defined by its pressure rating, its species or its cross-section, and two listings that look alike in a photo can be different products with different prices.

That is why a price comparison based on names and article numbers breaks down in these categories. The specification is the identity of the product, and the benchmark has to be built on it.

Why is benchmarking spec-driven products different?

Spec-driven products rarely share a reliable identifier such as an EAN, and one product line can be sold in dozens of variants. Matching on category or headline description will happily compare a 10-bar hose with a 40-bar one, or construction-grade timber with a decorative grade. A comparison is only valid if the attributes that define the product are captured and enforced. We describe the general approach in Matching without a barcode: How to compare prices when there's no EAN. This article goes into what is specific to spec-driven products.

Which attributes define the product?

That differs per category, and you need to decide it before you collect anything. A few examples:

  • Hose: pressure rating, inner diameter, length, material, temperature range and the medium it is made for.
  • Timber: species, dimensions, grade, moisture content and treatment.
  • Cabling: conductor cross-section, number of cores, insulation and voltage rating.
  • Fasteners: material, size, thread and strength class.

Ask the people who sell and buy these products which attributes decide whether a customer sees two items as equivalent. That list is the foundation of the benchmark.

How do you get the specifications out of listings?

The attributes are rarely in a clean field. They sit in product titles, specification tables and downloadable datasheets, written in different units and notations: millimetres and inches, bar and psi, a nominal size or an exact measurement. Extraction has to read all of these sources and convert the values to one standard. Rules catch impossible values, and listings where the system is not sure go to a person for review instead of being forced into a match.

Which attributes must match, and which may differ?

Split the attributes into two groups. Hard filters must match for a comparison to make sense: for hose, the pressure rating and the material; for timber, the species and the treatment. Other attributes can differ within a tolerance and contribute to a similarity score, such as a length or dimensions that are close enough for the same use. Set a threshold per category. A strict threshold gives fewer but safer matches; a loose one gives more coverage and a higher risk of comparing items that only resemble each other.

How do you compare prices per unit?

Convert every price to a common unit, such as price per metre, per piece, per cubic metre or per kilogram. Take pack sizes, cut-to-length options, minimum order quantities and volume discounts into account, and be clear about whether prices include delivery and VAT. A lower price per piece can hide a higher minimum order, so compare what a buyer actually pays for an equivalent quantity.

What about prices that are not publicly visible?

Many B2B suppliers show prices only after login, or on request. Monitoring only works for prices that are publicly available, so those sources fall outside what can be benchmarked automatically. List prices, webshop prices and published price lists can still give a useful picture of the market. Be explicit about which part of the market your benchmark covers.

How do you keep the benchmark current?

Catalogues change: new variants appear, specifications are corrected and suppliers rename products. Treat the matching model as something that needs periodic recalibration, not a one-time setup. Check match rates per category, review borderline matches and re-tune thresholds when the data shifts. The same trade-off between coverage and accuracy is explained in Why EAN matching is giving you few or wrong matches.

Build it yourself, or have someone else own it?

Defining which attributes matter is expertise you already have. Turning it into a rules engine that runs reliably per category, and stays accurate as suppliers change their catalogues, is harder to sustain.

At Competify, we work this way for products and services without an EAN, including spec-driven products such as hose and timber. We define with you which attributes matter and how they are weighted, build the matching and keep it current, and deliver the data through a dashboard, API or file transfer. If you would rather not own that part yourself, please plan an introduction meeting.

Want to know how we work?

We’ve designed a simple 3-step approach for easy onboarding.

Get inspired

We build and maintain custom webscrapers that turn any website into structured data and insights.

Discover more inspiration

Discover insights, trends and company news.

All inspiration
Insights
Price benchmarking for spec-driven products: hose, timber, cabling
Learn how to benchmark prices for hose, timber, cabling and other products that are defined by their specification.
Read more
Insights
Competitive monitoring in travel and hospitality: how to benchmark moving prices
Learn what to benchmark when prices in travel and hospitality move with dates, availability and package.
Read more
Insights
Price benchmarking in insurance: why quotes are hard to compare
Learn how to benchmark insurance premiums when every quote depends on the profile, the cover and the conditions.
Read more
Ready to outsmart your competitors?
Do you have a specific business challenge to solve or simply want to brainstorm on ways to outsmart your competition? Get in touch!
Bas Swierstra
Managing Partner