Chronos Pricing Watcher
A PLC-based system that monitors and dynamically adjusts product prices on an e-commerce platform based on historical sales data, market trends, and competitor pricing, inspired by the intricate memory recall of 'Memento' and the societal dynamics of 'Nightfall'.
The 'Chronos Pricing Watcher' project leverages the deterministic and real-time capabilities of PLC (Programmable Logic Controller) programming to create an intelligent e-commerce pricing system. The core inspiration draws from three distinct sources:
- E-Commerce Pricing Scraper: This provides the fundamental functionality of gathering competitor pricing and market data. Our PLC will interface with external scraping scripts (running on a separate, low-cost micro-controller or PC) to retrieve this crucial information.
- Nightfall (Isaac Asimov & Robert Silverberg): This novel explores a civilization that thrives in perpetual darkness, forcing them to develop sophisticated methods for tracking and understanding their environment. Similarly, the Chronos Pricing Watcher operates in the 'darkness' of raw data, finding patterns and making decisions without constant human oversight, adapting to the unseen forces of the market.
- Memento (2000): The film's non-linear narrative and protagonist's reliance on fragmented information to make decisions mirrors how the PLC will process and act upon discrete data points – competitor prices, sales velocity, stock levels – over time to arrive at an optimal pricing strategy. Each data point is a 'clue' that contributes to the overall pricing 'memory'.
Concept and Implementation:
The project's heart lies in a PLC programmed to receive data from an external source (e.g., a Raspberry Pi or an industrial PC running Python scripts). These scripts will scrape competitor websites for pricing and potentially gather internal sales data (historical sales volume, stock levels). The PLC will then employ a set of pre-defined algorithms (implemented using ladder logic, function block diagrams, or structured text) to analyze this incoming data.
For instance, the PLC could be programmed to:
1. Detect Price Changes: Monitor competitor prices for key products. If a competitor lowers their price, the PLC can be instructed to lower our price by a predetermined margin or percentage to remain competitive.
2. Demand-Based Adjustment: Analyze sales velocity. If a product is selling quickly, the PLC might slightly increase its price to maximize profit. Conversely, if sales are slow, it could lower the price to stimulate demand.
3. Inventory Management Integration: If inventory levels for a product are critically low, the PLC could be programmed to temporarily increase the price to deter further sales until restocking occurs.
4. Time-Based Pricing: Implement dynamic pricing based on time of day or day of the week, similar to surge pricing in ride-sharing services.
The PLC would then send commands back to the e-commerce platform's API (via Modbus TCP/IP or another industrial communication protocol) to update product prices. This creates a closed-loop system where the PLC acts as the intelligent 'brain' controlling the pricing.
Niche and Low-Cost:
The niche lies in applying robust, industrial-grade automation (PLCs) to the typically software-centric domain of e-commerce pricing. This offers a level of reliability and determinism often missing in purely software-based solutions. A small, entry-level industrial PLC can be purchased for a few hundred dollars, and a micro-controller like a Raspberry Pi for the scraping part is even cheaper. The primary cost is development time and the PLC itself.
High Earning Potential:
For e-commerce businesses, even a small increase in profit margins or reduction in lost sales due to suboptimal pricing can translate to significant revenue gains. A system that can dynamically optimize pricing 24/7, adapting to market fluctuations, offers a clear return on investment. This project can be packaged as a service for small to medium-sized e-commerce businesses, offering a unique automation solution that differentiates them from competitors using less sophisticated pricing strategies.
Area: PLC Programming
Method: E-Commerce Pricing
Inspiration (Book): Nightfall - Isaac Asimov & Robert Silverberg
Inspiration (Film): Memento (2000) - Christopher Nolan