Adjustable weekly prices in Floriday from 1 October

Many plant growers who trade through Floriday have a desire to work with real-time prices in the platform: it allows them to better respond to current market conditions. Buyers, in turn, need security of supply. So Floriday has been working with growers and buyers to find a workable solution. From 1 October this year, it will be possible to adjust the weekly price for plants during the week. Read how it works in this article.

More control and certainty
Currently, the price determined by 10am on Thursday will be the same for a whole week. But for growers, it is important to have more control over product prices in order to set a price closer to the current market situation. For buyers, a realistic price provides more security of supply and a more reliable offer. When the grower is given the ability to adjust this price, you have more assurance that the supply is there. In addition, the supply available is more reliable due to the realistic price offered.

Adjustable weekly pricing as a solution
Together with growers, buyers and software suppliers, Floriday looked at various issues during several sessions. They concluded together that stable prices is the aspiration for everyone. In this regard, growers like to be able to adjust prices when the market demands it and buyers find it important that there are not too many price changes in a short period of time. Adjustable weekly pricing seems to be the solution that offers solutions to all parties.

Customisable weekly lists with 24-hour time lock
The market's current practice of setting prices by 10am on Thursday for the following week will continue. This gives growers the option to change the price in the current week. The price change is processed immediately. Once adjusted, there is a 24-hour time period in which adjustments are not possible. This creates more opportunities for growers to change the price, but the 24-hour time lock prevents this from happening too often.

Fixed price remains possible if desired
Growers and buyers can still agree among themselves to have a fixed price though. This is possible by placing the buyer in a separate price group whose prices are not changed in the current week. Also, buyers can still choose whether to forward order requests directly to the grower or collect order requests to forward at a later date. In doing so, the buyer does take a price or availability risk.

1 June testing and go-live 1 October
An adjustable weekly list requires changes in the work process of growers and buyers and in their software packages. For this to go well, it has been agreed to start from 1 June with the first growers and buyers supporting customisable weekly prices. Going live on 1 October for every grower and buyer working with weekly lists.

The software suppliers have also been made aware of the proposed changes. Technical development is also shared with software suppliers. Do you also work with weekly lists and through a software package with Floriday? Then start talking to your own software supplier to find out what changes are needed in the software package.

More information?
Want more information on customisable weekly prices? Contact Floriday support by calling 0174-352070 or emailing support@floriday.io.

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