Trigger price adjustments based on inventory age or demand

Purpose

1. Dynamically adjust appliance prices in response to aging inventory or changing demand, optimizing sales velocity, minimizing overstock, and maximizing revenue.

2. Ensure timely markdowns of slow-moving items, leverage surges in demand, and create data-driven, responsive pricing across physical and online retail channels.

3. Automate detection of stagnant inventory and high-demand SKUs, updating point-of-sale and e-commerce platform pricing without manual intervention.

4. Streamline coordination between inventory data, sales analytics, pricing engines, and marketing integrations to ensure aligned omnichannel pricing updates.

Trigger Conditions

1. Inventory age exceeds specified threshold (e.g., 30/60/90 days unsold).

2. Sales velocity drops below defined rate for a SKU or category.

3. Spike in demand or rapid inventory depletion detected.

4. Inventory falls below/above reorder or excess stock thresholds.

5. Market or competitor price change event detected via API/web scraping.

Platform Variants

1. Shopify

• Feature/Setting: Admin API - Use `/admin/api/2023-01/products/{product_id}/variants/{variant_id}.json` to update product price programmatically.
  

2. WooCommerce

• Feature/Setting: REST API v3 - PUT `/wp-json/wc/v3/products/{id}` to update regular/sale price via automation script.
  

3. Square

• Feature/Setting: Catalog API - `UpdateItemVariation` endpoint to change item variation price on storefront and POS.
  

4. Lightspeed Retail

• Feature/Setting: Retail API - Update item pricing with `PUT /API/Account/{accountID}/Item/{itemID}.json`.
  

5. Netsuite

• Feature/Setting: SuiteTalk REST integration - Use `itemPricing` object and update via `/record/v1/inventoryItem`.
  

6. Microsoft Dynamics 365

• Feature/Setting: Commerce Pricing API - PATCH to `/commerce/prices` to automate pricing updates for SKUs.
  

7. SAP S/4HANA

• Feature/Setting: OData API - Modify Material Price via `/API_MATERIAL_SRV/A_MaterialPrice`.
  

8. Vend (by Lightspeed)

• Feature/Setting: Products API - `PUT /api/products/{id}` to push updated price to POS.
  

9. Magento (Adobe Commerce)

• Feature/Setting: REST API - PUT `/V1/products/{sku}/price` for automated price changes.
  

10. BigCommerce

• Feature/Setting: Products API - PATCH `/v3/catalog/products/{id}` for batch price updates.
  

11. Salesforce Commerce Cloud

• Feature/Setting: OCAPI Shop API - `PATCH /s/-/dw/data/v21_3/products/{product_id}` to amend pricing.
  

12. Oracle NetSuite SuiteCommerce

• Feature/Setting: REST Web Services - POST/PUT `/services/rest/record/v1/inventoryItem` with adjusted price.
  

13. Zoho Inventory

• Feature/Setting: Update Item API - PUT `/api/v1/items/{item_id}` to change sale rates.
  

14. QuickBooks Commerce

• Feature/Setting: Products API - PATCH `/products/{productUuid}` to update pricing details.
  

15. Amazon Seller Central (MWS/ SP-API)

• Feature/Setting: `Listings API` - POST `/listings/2021-08-01/items/{sellerId}/{sku}/` to adjust Amazon prices.
  

16. eBay

• Feature/Setting: Inventory API - PUT `/inventory_item/{sku}` to update available SKUs’ pricing.
  

17. PrestaShop

• Feature/Setting: Webservice API - PUT `/api/products/{product_id}` for price adjustment automation.
  

18. Stripe

• Feature/Setting: Products/Prices API - `POST /v1/prices` and assign to product for updated instance price.
  

19. Google Merchant Center

• Feature/Setting: Content API for Shopping - PATCH `products/{productId}` for near-real-time price sync.
  

20. OpenCart

• Feature/Setting: Rest Admin API - PATCH `/api/product/{id}` to edit price field.
  

21. Odoo

• Feature/Setting: XML-RPC/JSON-RPC API - `write()` method on product.product to change list_price.
  

22. SAP Business One

• Feature/Setting: Service Layer API - PATCH `/Items({ItemCode})` to edit pricing properties.
  

23. Freshdesk (For notifications)

• Feature/Setting: Automation Rule - Trigger agent/customer alert on significant price change.
  

24. Slack (Notification)

• Feature/Setting: Incoming Webhooks or `chat.postMessage` to broadcast price adjustment alerts.
  

Benefits

1. Increases sell-through of aging appliances, freeing up capital and storage.

2. Prevents margin erosion by optimizing markdown timing.

3. Responds to real-time market and demand signals, enhancing competitiveness.

4. Reduces manual labor for price monitoring and changes.

5. Ensures consistent, multi-channel pricing accuracy across POS and e-commerce.

6. Builds customer trust with transparent, up-to-date pricing.