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If the problem is too much spoiled stock, wouldn't it be simpler and easier to implement a dynamic-pricing system, where the price of a product starts going dow
by princekolt 9y ago
If the problem is too much spoiled stock, wouldn't it be simpler and easier to implement a dynamic-pricing system, where the price of a product starts going down automatically (say, every 6 hours) starting two weeks before the product is marked to be spoiled? I've seen shops do this manually, but it usually only happens when they have a lot of stock of the same product that's about to go bad, so they sell 2-for-1 or something like that.
- robryan 9y agoYeah stores must spend a lot of time on manually marking things down. Plenty of room for innovation, would just need to move to digital price displays.
- bradknowles 9y agoActually, as a customer, I can confirm that all the Whole Foods Markets I’ve seen do have digital pricing displays for most things - they are based on e-paper technology. But you don’t want prices changing between the time a customer has picked up a product and the time they get to the checkout. And then there’s the whole problem of the in-store prices not matching the published circular prices. So, lots of issues to work out there before dynamic pricing can work well in a physical store.