Tag: promotional pricing

How supermarkets use particle physics to save thousands of tonnes of food waste | The Independent

How supermarkets use particle physics to save thousands of tonnes of food waste | The Independent

Blue Yonder’s algorithm breaks down decisions to the finest grain possible, the Professor says, so that supermarkets can cut waste while also ensuring they don’t run out of stock. However, there is always a trade-off between the two and ultimately the supermarket makes the final decision. Blue Yonder can also change the prices of items […]

Try as it might, LTFRB can’t repeal the law of supply and demand | Rappler

Try as it might, LTFRB can’t repeal the law of supply and demand | Rappler

Regulating ‘surge pricing’ Market prices orchestrate the decisions of consumers and producers. In the case of Uber and Grab, riders want to hail vehicles when prices are low, while drivers want to ply the streets when prices are high (or “surge”). Governments worldwide are particularly keen to regulate “surge pricing.” It is often taken as […]

How ‘Gaming’ the System Helped This Business Get Thousands More Customers | Entrepreneur

How ‘Gaming’ the System Helped This Business Get Thousands More Customers | Entrepreneur

Sometimes it’s busy, sometimes it’s slow. Such is the nature of running nearly any kind of business. Off-season lulls seem to drag on forever, and bad weather causes customers to change their plans and spend their dollars elsewhere. Simply offering a coupon, sale, matinee price or happy hour doesn’t always cut it. Even dynamic, demand-based […]

Dynamic pricing system promises less food waste | Springwise

Dynamic pricing system promises less food waste | Springwise

The Wasteless platform combines radio frequency identification (RFID), a dynamic pricing engine (which considers more than 40 separate factors when calculating price), and electronic shelf labeling. The system allows stores to automatically change prices on any item, in order to offer customers a chance to buy products close to their expiration date for a reduced […]

Internet pricing 101: Why costs are all over the map | The San Diego Union-Tribune

Internet pricing 101: Why costs are all over the map | The San Diego Union-Tribune

There are 95 million American households with fixed — as in, not wireless — internet access, but few of us really understand why we pay what we pay, especially when we hear about a neighbor or relative with a cheaper rate and faster speed. The answer isn’t especially enlightening or comforting. In fact, we know […]

Ejercito: LTFRB, Uber and Grab all have fault | Inquirer News

Ejercito: LTFRB, Uber and Grab all have fault | Inquirer News

The senator earlier chided the LTFRB for cracking down on Grab and Uber, which he said “offer far better and more convenient services than regular taxis.” Instead of banning TNVS, Ejercito said the LTFRB should take action first on the complaints against the taxi drivers. “Kung ganito kayo kaingay at kadesididong patawan ng service ban […]

Uber’s £106 for 20 mile taxi trip in Northern Ireland slammed | Belfast Telegraph

Uber’s £106 for 20 mile taxi trip in Northern Ireland slammed | Belfast Telegraph

Uber’s ‘surge’ policy means some passengers have said they have been charged as much as eight times a normal taxi fare. Several passengers have said they were not aware of the cost of their journey until after they left the vehicle. Because a credit card is needed to set up an Uber account, the money […]

The rise of dynamic pricing in UK supermarkets | Dispatch Weekly

The rise of dynamic pricing in UK supermarkets | Dispatch Weekly

Supermarkets are changing their product prices depending on the day, time, season or demand. Dynamic – or surge pricing is a common practice in the hospitality, and travel industries. It now seems the trend has made its way into online grocery stores and is now looking to enter brick and mortar supermarkets. Most people experience […]

Why your bananas could soon cost more in the afternoon | BBC News

Why your bananas could soon cost more in the afternoon | BBC News

Technology is enabling supermarkets and other retailers to change their prices throughout the day, but why should they want to do this and what will customers think about it? Many know the dispiriting feeling when the summer holiday flight they had their eye on suddenly goes up £50, or the Uber they call on a […]

Here Comes Uber Inspired Surge Pricing in Supermarkets | TheStreet

Here Comes Uber Inspired Surge Pricing in Supermarkets | TheStreet

British shoppers may have to deal with so-called ‘surge pricing’ in the near-future as supermarkets plan to bin traditional pricing for electronic tags. Tesco plc (TSCDY)  and Wm Morrison Supermarket plc (MRWSY) are said to be among the U.K. supermarkets planning to introduce electronic tags that could result in surge-pricing of popular items, London’s Telegraph […]