Demand/Surge pricing coming to supermarkets soon

Demand/Surge pricing coming to supermarkets soon

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Yipper

5,964 posts

91 months

Sunday 25th June 2017
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Totally amazed that anyone who lives in a city / big town still shops at the big 4 supermarkets. They are just overpriced fossils. Almost everything of the same brand or similar quality and choice can be bought 5-40% cheaper online or at Lidl / Aldi.

VGTICE

1,003 posts

88 months

Sunday 25th June 2017
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PositronicRay said:
That's the same as most online retailers, if you stick something in your Amazon or Ebay basket the price will fluctuate or maybe even be out of stock by the time you press "buy".

You can leave stuff in your basket for ages.
It's not though, here you press buy and the final price will depend on when they pick your order. Unlike amazon and any other online retailer.

PositronicRay

27,043 posts

184 months

Sunday 25th June 2017
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VGTICE said:
PositronicRay said:
That's the same as most online retailers, if you stick something in your Amazon or Ebay basket the price will fluctuate or maybe even be out of stock by the time you press "buy".

You can leave stuff in your basket for ages.
It's not though, here you press buy and the final price will depend on when they pick your order. Unlike amazon and any other online retailer.
Oh I see, that is irritating. I suppose it's a abit swings and roundabouts though, some stuff may come cheaper.

Cold

15,250 posts

91 months

Sunday 25th June 2017
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Elsewhere on the internet, some parents are still complaining about the cost of holidays changing depending on the time of year.

NoIP

559 posts

85 months

Sunday 25th June 2017
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VGTICE said:
PositronicRay said:
That's the same as most online retailers, if you stick something in your Amazon or Ebay basket the price will fluctuate or maybe even be out of stock by the time you press "buy".

You can leave stuff in your basket for ages.
It's not though, here you press buy and the final price will depend on when they pick your order. Unlike amazon and any other online retailer.
Yep, this ^. Was going to reply same you beat me to it.

In reply to the other guy saying buy groceries online - nice idea in theory but the reality is that it is a frustrating and irksome experience. Strangely, those items which they always have plenty of on the shelves when you shop in person are suddenly "out of stock" and have been replaced with something stupid that only a retard would choose (yes I know you can deselect alternative products). Ordering loose fruit and veg online seems to have to follow an internal memo where the crappiest items they can find must be chosen, too. The end result is that you have to go and shop in person as well, just to get the items they claim they don't have in stock and to replace the ones wrongly delivered and/or their rotten/mouldy fruit and veg selections.

I even caught them red-handed once with their "out of stock" excuse as I was going out with my g/f shortly after the delivery and was driving right past the place so decided to quickly call in and check. Sure enough, a shelf about 3/4 full of said product. I collared the CSA at the desk and had a rant about it. "Well sir, it would have been out of stock at the time of picking for delivery but it must have since been restocked from the warehouse". A likely story indeed, selling approximately 20 of them in the 1 hour window. rolleyes

Hoofy

76,386 posts

283 months

Sunday 25th June 2017
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jmorgan said:
Stop shopping at these places then.


Of course that will not happen.
Already did. I do most of my shopping at Aldi. And the £2 sandwich mentioned by the OPer is probably £1.50 all the time.

I only pop into Tesco if I happen to be passing by these days and also for odd stuff that Aldi doesn't sell.

jmorgan

36,010 posts

285 months

Sunday 25th June 2017
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Hoofy said:
jmorgan said:
Stop shopping at these places then.


Of course that will not happen.
Already did. I do most of my shopping at Aldi. And the £2 sandwich mentioned by the OPer is probably £1.50 all the time.

I only pop into Tesco if I happen to be passing by these days and also for odd stuff that Aldi doesn't sell.
I get what I can elsewhere. Still Tesco for some stuff but nothing I cannot get at Lidl if I tried.

Problem is now the average family shop is by rote. Always shop at Tesco or Sainsbury's etc. It's on the way home or do not have time. I expect the majority of shoppers will mumble discent but carry on regardless for those reasons.

Interesting when which tested washing up liquid for example. I think the Aldi branded came tops for a while. So the argument cannot be for a better product.

Hoofy

76,386 posts

283 months

Sunday 25th June 2017
quotequote all
jmorgan said:
Hoofy said:
jmorgan said:
Stop shopping at these places then.


Of course that will not happen.
Already did. I do most of my shopping at Aldi. And the £2 sandwich mentioned by the OPer is probably £1.50 all the time.

I only pop into Tesco if I happen to be passing by these days and also for odd stuff that Aldi doesn't sell.
I get what I can elsewhere. Still Tesco for some stuff but nothing I cannot get at Lidl if I tried.

Problem is now the average family shop is by rote. Always shop at Tesco or Sainsbury's etc. It's on the way home or do not have time. I expect the majority of shoppers will mumble discent but carry on regardless for those reasons.

Interesting when which tested washing up liquid for example. I think the Aldi branded came tops for a while. So the argument cannot be for a better product.
Agree on all counts. I guess it depends how much people are willing to vote with their feet or just "put up and shut up".

Funk

26,297 posts

210 months

Sunday 25th June 2017
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98elise said:
Roofless Toothless said:
What's the difference between this and the holiday industry putting up prices during the school holidays?

We seem to have gone along with this for enough years. Just call it 'supply and demand' and everything is OK.
It depends if you consider it putting up prices during holidays, or discounting during less busy times. Flights and hotels have a very specific shelf life. If you have an empty bed/seat, thats money lost for ever.

We did a city break in Vegas a staying in a suite in Mandalay Bay, for less than £500 per person all in. There is no way that was making money.
I guess they're using that as a loss leader in the hope you'll spunk loads in the casino, bar and restaurant. I've not checked but I'd guess they also have interests in or own outright several other attractions nearby?

cuprabob

14,669 posts

215 months

Sunday 25th June 2017
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It's a while since I was last in Las Vegas but when I was there rooms were dirt cheap during the week bit doubled in price at the weekend, but still relatively cheap even in some of the more premium hotels. As said already, it's all about getting you to spend money on other stuff plus a very few very rich people own all the hotels and resorts.

FiF

44,121 posts

252 months

Sunday 25th June 2017
quotequote all
Hoofy said:
jmorgan said:
Hoofy said:
jmorgan said:
Stop shopping at these places then.


Of course that will not happen.
Already did. I do most of my shopping at Aldi. And the £2 sandwich mentioned by the OPer is probably £1.50 all the time.

I only pop into Tesco if I happen to be passing by these days and also for odd stuff that Aldi doesn't sell.
I get what I can elsewhere. Still Tesco for some stuff but nothing I cannot get at Lidl if I tried.

Problem is now the average family shop is by rote. Always shop at Tesco or Sainsbury's etc. It's on the way home or do not have time. I expect the majority of shoppers will mumble discent but carry on regardless for those reasons.

Interesting when which tested washing up liquid for example. I think the Aldi branded came tops for a while. So the argument cannot be for a better product.
Agree on all counts. I guess it depends how much people are willing to vote with their feet or just "put up and shut up".
Been discussing this with the Mrs.

She's really good on pricing and keeping track of market prices. We've long since gone from the convenience "big shop" and buy much more selectively, including quite a bit of stuff from Lidl etc. For example breakfast cereals, we only have one branded product these days, Kelloggs Bran flakes, everything else is cheaper own brand stuff, often from discounters, and no discernible deterioration in quality or taste.

Her opinion, and mine too as it happens, is that we don't know yet exactly how it will operate, but the first time we pick something up from the shelves at x, and find it's x+y at the checkout, firstly there will be holy ructions, and secondly, no matter how much fuss or delay to the queue it causes the product will be taken off the list. If it's frozen / chilled that's their problem.

The other thing we do, and will do it more is buy stuff when discounted, bulk buy if long shelf life products, part of our garage racking looks like Makro, e.g. tea, we have a year supply bought at half price, and we drink tea like Guy Martin.


VGTICE

1,003 posts

88 months

Sunday 25th June 2017
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cuprabob said:
It's a while since I was last in Las Vegas but when I was there rooms were dirt cheap during the week bit doubled in price at the weekend, but still relatively cheap even in some of the more premium hotels. As said already, it's all about getting you to spend money on other stuff plus a very few very rich people own all the hotels and resorts.
But that is yield management which is deployed mainly where there is a restricted number of available resources/products - this allows hotels/airlines/train lines maximise revenues based on projected demand.

What supermarkets are trying to pull off is basically price discrimination which is based on nothing other than greeeeeeeeed. Uber made surge pricing big which is funny because their claim to fame and why they are better than cabs is price. But whenever there's anything big happening their prices go through the roof. Which doesn't happen with cabs because their fares are usually capped. When cabs disappear thanks to Uber et al undercutting them all bets will be off and the surge pricing will become the regular pricing (of course it's a bit of exaggeration but it shows how it can end up being).

King Herald

23,501 posts

217 months

Sunday 25th June 2017
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KingNothing said:
Can see alot of stuff getting left at the till if the prices go up as you're shopping, that's what I'd do anyways.
And when the price tag stuck on the luncheon meat says £2 and they try to charge me £3 at the checkout......

SpeckledJim

31,608 posts

254 months

Sunday 25th June 2017
quotequote all
It is not about profiteering and ripping off grannies.

It is about reducing expensive waste. Cut the price easily and instantly on the things you need to shift. The you dont need to throw it away.

menousername

2,109 posts

143 months

Sunday 25th June 2017
quotequote all
SpeckledJim said:
It is not about profiteering and ripping off grannies.

It is about reducing expensive waste. Cut the price easily and instantly on the things you need to shift. The you dont need to throw it away.
Stock checks is not new.

If they reduce the price to clear if out before the peak rush are they going to get another delivery in same day? Or will the last loaf of bread be £15?

Or maybe there will be half as many loafs as needed and the price will be 3x as usual and they will still squeeze the producer, banking the difference.

NoIP

559 posts

85 months

Sunday 25th June 2017
quotequote all
SpeckledJim said:
It is not about profiteering and ripping off grannies.

It is about reducing expensive waste. Cut the price easily and instantly on the things you need to shift. The you dont need to throw it away.
Complete nonsense! They can do that quite easily with their current system. Do you really think supermarkets buy in a load of stock then worry about how long it will take to sell? Of course they don't. They employ huge numbers of people to project these things and if the numbers don't stack up at the buying stage then they simply don't buy.

And furthermore, how do they "cut the price easily and instantly" on fresh produce that's nearing its 'sell by' date? If they electronically reduce the price of the item then all those items in stock get reduced, not just the ones they need to shift.

It's everything to do with profiteering and you have to be extremely naive to think otherwise.

SpeckledJim

31,608 posts

254 months

Sunday 25th June 2017
quotequote all
NoIP said:
SpeckledJim said:
It is not about profiteering and ripping off grannies.

It is about reducing expensive waste. Cut the price easily and instantly on the things you need to shift. The you dont need to throw it away.
Complete nonsense! They can do that quite easily with their current system. Do you really think supermarkets buy in a load of stock then worry about how long it will take to sell? Of course they don't. They employ huge numbers of people to project these things and if the numbers don't stack up at the buying stage then they simply don't buy.

And furthermore, how do they "cut the price easily and instantly" on fresh produce that's nearing its 'sell by' date? If they electronically reduce the price of the item then all those items in stock get reduced, not just the ones they need to shift.

It's everything to do with profiteering and you have to be extremely naive to think otherwise.
They wont play the silly games envisaged in this thread or they will upset their customers.

They work VERY hard to keep customers onside.

Tripling the price on the last 6 loaves is not on the agenda.

They literally throw away £££,£££.££ every day. A 10% improvement on that would make a huge difference.


NoIP

559 posts

85 months

Sunday 25th June 2017
quotequote all
SpeckledJim said:
They wont play the silly games envisaged in this thread or they will upset their customers.

They work VERY hard to keep customers onside.

Tripling the price on the last 6 loaves is not on the agenda.

They literally throw away £££,£££.££ every day. A 10% improvement on that would make a huge difference.
Again, you've failed to provide any information on how this would work in practive.

I said:
And furthermore, how do they "cut the price easily and instantly" on fresh produce that's nearing its 'sell by' date? If they electronically reduce the price of the item then all those items in stock get reduced, not just the ones they need to shift.
10 packs of £4 chicken breasts go out of date at the end of today, but there's 40 packs with 3-4 days left to run still on the shelf. How does your electronic pricing turn this problem into a 10% improvement on their chicken breast profits?

VGTICE

1,003 posts

88 months

Sunday 25th June 2017
quotequote all
NoIP said:
10 packs of £4 chicken breasts go out of date at the end of today, but there's 40 packs with 3-4 days left to run still on the shelf. How does your electronic pricing turn this problem into a 10% improvement on their chicken breast profits?
They will pay customers to relieve them of the about to expire stock.

SpeckledJim

31,608 posts

254 months

Sunday 25th June 2017
quotequote all
NoIP said:
SpeckledJim said:
They wont play the silly games envisaged in this thread or they will upset their customers.

They work VERY hard to keep customers onside.

Tripling the price on the last 6 loaves is not on the agenda.

They literally throw away £££,£££.££ every day. A 10% improvement on that would make a huge difference.
Again, you've failed to provide any information on how this would work in practive.

I said:
And furthermore, how do they "cut the price easily and instantly" on fresh produce that's nearing its 'sell by' date? If they electronically reduce the price of the item then all those items in stock get reduced, not just the ones they need to shift.
10 packs of £4 chicken breasts go out of date at the end of today, but there's 40 packs with 3-4 days left to run still on the shelf. How does your electronic pricing turn this problem into a 10% improvement on their chicken breast profits?
Dynamic pricing used properly means you wont have 10 packs of chicken you absolutely need to sell today.

You will have trimmed the price to £3 and solved the problem yesterday.

Is that £10 lost, or £30 saved?