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Amazon Charges Schools Thousands More for Supplies

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Manage episode 522736924 series 3700769
Content provided by The Daily News Now!. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Daily News Now! or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
Amazon Business is charging schools significantly more for essential supplies, with prices fluctuating wildly due to dynamic pricing algorithms. On average, schools pay seventeen percent more for items purchased through Amazon Business. Unlike traditional contracts with local suppliers, Amazon Business does not guarantee fixed prices, leading to unexpected price changes. For instance, a twelve-pack of Sharpie markers cost eight dollars and ninety-nine cents in Boulder, Colorado, but twenty-eight dollars and sixty-three cents in Denver Public Schools on the same day. The Institute for Local Self-Reliance published a report expressing concern about Amazons lack of transparency regarding algorithmic price changes, which resulted in prices being, on average, one hundred and thirty-six percent higher than the lowest prices for the one hundred most frequently ordered products. This situation also impacts competition, as independent suppliers could beat Amazons prices on sixty-eight percent of products, suggesting better deals and more stable pricing for schools.

The Daily News Now! — Every city. Every story. AI-powered.


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5072 episodes

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Manage episode 522736924 series 3700769
Content provided by The Daily News Now!. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Daily News Now! or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
Amazon Business is charging schools significantly more for essential supplies, with prices fluctuating wildly due to dynamic pricing algorithms. On average, schools pay seventeen percent more for items purchased through Amazon Business. Unlike traditional contracts with local suppliers, Amazon Business does not guarantee fixed prices, leading to unexpected price changes. For instance, a twelve-pack of Sharpie markers cost eight dollars and ninety-nine cents in Boulder, Colorado, but twenty-eight dollars and sixty-three cents in Denver Public Schools on the same day. The Institute for Local Self-Reliance published a report expressing concern about Amazons lack of transparency regarding algorithmic price changes, which resulted in prices being, on average, one hundred and thirty-six percent higher than the lowest prices for the one hundred most frequently ordered products. This situation also impacts competition, as independent suppliers could beat Amazons prices on sixty-eight percent of products, suggesting better deals and more stable pricing for schools.

The Daily News Now! — Every city. Every story. AI-powered.


Hosted on Acast. See acast.com/privacy for more information.

  continue reading

5072 episodes

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