Being able to update prices in near real time would also potentially allow for more efficiency in setting prices, meaning you can set them in real time.
With real time stock information, you could handle sudden demand spikes much more gracefully. Have you prices automatically adjusted between an minimum and maximum price based on current stock and demand. Basically get you targeted stock turnover for the best possible price. (Best coupled with a self-checkout system so the customer consents to the current price).
Not that any supermarket I know of is currently smart enough to do that but they could. With all the hoarding due to shortages I could see them smartening up one day.
This may or may not be illegal as fuck. Picking up an item that costs 1$ and having it cost 1.2$ by the time you get to the checkout is all sorts of wrong.
Basically, like online shopping works.
https://www.opc.gouv.qc.ca/en/consumer/good-service/goods/fo...
The Price Accuracy Policy allows customers to be compensated in case of a pricing error at the register. If the price of the article you are buying is higher at the register than what was shown on the shelf, the merchant must:
give you the item for free if the item costs less than $10;
sell you the item at the shelf price, minus $10, if the item costs more than $10.
So pricing could change at store close, but it'd be risky to change otherwise. And of course, it should* be a problem. You pick up a product, get to cash, and the price sneakily changes and you don't notice? Uncool.
I used to work in a groceries store and changing price used to take so long that we had to do even while opened with shopping customers..
Sales are a marketing gimmick, to pull in shoppers via loss leaders. So all that work you described, is on purpose.
That said, the store needs to take inventory, audit things regardless, monitor when to order new product. Price changes are merely a part of that.
People shoplift too, so it is a similar type of crime.
You could also do sub-day lowering of prices, although I think day by day changes adds a lot on its own if you want to have dynamic prices in response to demand.
It makes it more difficult to argue it is the wrong price though! :)
And that is what I do agree e-Ink is overrated. People have trouble distinguishing it from reflective LCDs (remember the Pebble).