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.
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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.