Discussion Page - Idea 38
#38: End-of-Chain Box
One day, I was wondering about why the prices for a product fluctuate as much as they do. It really is a fantastic self-correcting mechanism the supply-demand.
But it is not perfect. Often it takes time for supply to adjust to demand. It is really a hassle for everyone to adjust to new prices, specially to the consumer.
The idea is to have a box on tip of the chain that would report to the industry how many units of a product were actually sold during a period. This would be made to seemingly integrate into vendors managing software.
I didn't thought these boxes would be necessarily enforced by law. Maybe the factories could negotiate contracts with retailers to use the devices, I think it would work best like this.
I think that, if there were enough boxes to be statistically meaningful, the factories could get a very good picture, and take action accordingly.
Now, I have little knowledge about how things are done in the market. I could be way off on this one. Perhaps there is already a way to accomplish this that I know nothing about.
BANNER IMAGE CREDITS: NASA, ESA, A. Simon (Goddard Space Flight Center), and M.H. Wong (University of California, Berkeley). The image has been cropped and enlarged with a black background.