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The 26.5lb is $17.99
I use 3 Cameltoes.
The single biggest flaw with Amazon, IMO. Target and Walmart are smart enough to know that putting LCD price signs on their items and changing the price based on demand would be reputational suicide. Yet Amazon keeps it upā¦
(The libertarian/economist side of me says that price rationing is perfectly logical, but I still think people should be more up in arms about it.)
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(The libertarian/economist side of me says that price rationing is perfectly logical, but I still think people should be more up in arms about it.)
Once the infrastructure is in place, they surely could implement real-time demand optimized pricing but I don't think they will. Unlike a webstore, it's very difficult to enact hard cutoffs on pricing as customers navigate the store and take varying amounts of time between item selection at shelf to reach checkout. Again, not impossible but also not likely in the short to mid-term
Largely automated, yes. Up and down based on demand, not entirely wrong but probably not exactly what you are thinking.
More like up and down based on some quantity threshold, a bit closer to "we have too many in inventory so let's clear some out until we reach a certain inventory level" or " we'll put 100 out at a special price and back to normal after those are sold". Fairly typical retail pricing logics but employed more dynamically.
More like up and down based on some quantity threshold, a bit closer to "we have too many in inventory so let's clear some out until we reach a certain inventory level" or " we'll put 100 out at a special price and back to normal after those are sold". Fairly typical retail pricing logics but employed more dynamically.
I was an Ops Manager for Amazon, so I'm familiar with how it works (though that was done at corporate, so I can't tell you exactly how it works). There are other factors that come into play such as clearing an item out of a given FC also. It's a complex algo and Amazon isn't telling anyone exactly how it works.
Once the infrastructure is in place, they surely could implement real-time demand optimized pricing but I don't think they will. Unlike a webstore, it's very difficult to enact hard cutoffs on pricing as customers navigate the store and take varying amounts of time between item selection at shelf to reach checkout. Again, not impossible but also not likely in the short to mid-term
Electronic price tag can at least enable daily adjustment vs the more traditional weekly sale cycle.
š hello ops manager! Former corporate manager here š¤£
Haha. That's actually exactly my expertise. Simply put 1) amazon does loose money on some of those orders. That happens. Not something amazon likes but does happen and amazon accepts that as a cost of doing business. 2) to reduce the cost of shipping and to get products to customers faster, amazon try to keep inventory close to the consumers so the cost of last mile delivery is relatively low even for heavier items with next day delivery.