Common use of Dynamic Pricing Clause in Contracts

Dynamic Pricing. This use case is focused on providing the ability to the manufacturer to insert product information in the smart-­tag and based on that allow the dynamic pricing concept to emerge. Once the product is created, the smart-­tag is defined with information such as best before, ingredients, recycling, consumable before etc. This information allows the product change price depending for example on the current date, as particular thresholds of the information are added. Consumers are able to scan the smart-­tags and through the mobile app they are able read information about the product such as best before, recycling, consumable before, recipes. The mobile app communicates with the platform and the dynamic pricing calculation provides the update price of the product (See Figure 12).

Dynamic Pricing. This use case is focused on providing the ability to the manufacturer to insert product information in the smart-­tag and based on that allow the dynamic pricing concept to emerge. Once the product is created, the smart-­tag is defined with information such as best before, ingredients, recycling, consumable before etc. This information allows the product change price depending for example on the current date, as particular thresholds of the information are added. Consumers are able to scan the smart-­tags and through the mobile app they are able read information about the product such as best before, recycling, consumable before, recipes. The mobile app communicates with the platform and the dynamic pricing calculation provides the update price of the product (See Figure 124).