It’s time to price dynamically

Posted by Paul Milner on Jun 20, 2017 6:00:00 AM

In the era of Big Data dynamic pricing is now a reality.

However, there a couple of barriers in the way. The first is concerns about what consumers think about the practice, and, second, there’s the question of how to physically make a high number of price changes in-store – daily and even hourly. I’ll address both here.

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Topics: electronic shelf label, ESL, price change, price accuracy, reduce waste, dynamic pricing, big data