An updated version of the 2015-released price-monitoring application by the Department of Trade and Industry (DTI), the e-Presyo 2.0, is being launched, which promises an overall more dependable system for keeping tabs on the prices of goods in the market.

The original e-Presyo was initially implemented with not-so-reliable results, marked by the technical issues that are common among big software projects, such as encoding problems and difficulties in generating reports, etc.

The DTI e-Presyo 2.0 application was intended to be a storage of information for prices of Basic Necessities and Prime Commodities (BNPCs), the purpose of which is to be a source of information for retailers that sell particular products below or within the suggested retail price.

Credit: Department of Trade and Industry / Philippine Information Agency

Improving upon the fault seen in the original application, the DTI worked in collaboration with the University of the Philippines Public Administration Research and Extension Services Foundation, Inc. – Regulatory Reform Support Program for National Development (UPPAF-RESPOND).

Set within UPPAF’s Supply Chain Analytics System (SCAn), the upgrade includes optimization, process, and storage of actual pricing/inventory of BNPCs.

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