#Sostatus tech drivers#
#Sostatus tech driver#
#Sostatus tech full#

Examples of this are in-demand sporting or music events that are routinely resold at higher prices through the scalper market. I will point out, however, that it’s axiomatic for a secondary resale market to emerge for any product that is priced below-market. Is it ok, for a fee of $2.25, to “save” a parking space that you’ve paid for? What about saving a space for a family member or friend at no charge? These answers to these questions are really subjective. Haystack is simply providing an arbitrage solution to a market failure created by poor city regulation.

#Sostatus tech drivers#

As a result, drivers seeking a meter circle around (…and around) until they “luck out” by getting a below-market priced parking spot. Meanwhile, public parking meters located directly in front of this garage run $1.25 an hour. A private for-profit garage in downtown Boston, for example, charges $12 for the first hour and then scales rates up to $32 for 24 hours. Parking meters are notoriously underpriced. Customers are better served by this innovative pricing.

Technology allows Uber to strategically flex prices and just as importantly, inform its customers of the current price. Uber is brilliant in charging higher prices during peak periods (which incentivizes more drivers to provide service, thus increasing supply) as well as lowering prices during slack periods to generate more demand. It just doesn’t make sense, for instance, to charge the same price for taxi cabs all of the time. Is this an emerging trend?Ī great point that’s spot on. Start-ups like Uber and Haystack seem to be profiting by capitalizing on pricing inefficiencies like the one you just mentioned. An edited version of our conversation is below.įirst off: From a pricing perspective, is Haystack a good idea?Ībsolutely! Haystack provides a solution to a key market failure in popular parking areas: meter prices are too cheap, which results in excess demand. We explored these and other questions with pricing strategy author and consultant Rafi Mohammed. Not surprisingly, Haystack has stirred up controversy amongst city officials, particularly in Boston, as well as drivers.

#Sostatus tech driver#

To secure this meter (i.e., have the parked car driver wait until they arrive), users pay a fee of $3 (75 cents goes to Haystack while the incumbent “parker” pockets $2.25). This smartphone app allows those leaving a parking space to alert other Haystack users in the area of their “about-to-be” open spot. For more information about Oracle (NYSE:ORCL), visit start-up Haystack has developed an innovative – and controversial - solution to the stressful challenge of finding an open parking meter in congested areas. Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. My Oracle Support provides customers with access to over a million knowledge articles and a vibrant support community of peers and Oracle experts.

#Sostatus tech full#

To view full details, sign in with your My Oracle Support account.ĭon't have a My Oracle Support account? Click to get started! Observe that the message fails during RMS subscription with above mentioned error. The SoStatusCre message will be of type 'SD' - Stock DeleteĨ. A new SoStatusCre message is published from SIM to RIB with the same transfer number and modified details. Again open the transfer created in step 2 in SIM and make some updates, such as remove some quantity for existing item and delete an existing item.ħ. Wait one or two days, so that System Date in SIM and VDATE in RMS are advanced (for example: 04-APR-12).Ħ. Delivery Date (TSFHEAD.DELIVERY_DATE) was updated.ĥ. SoStatusCre message with status 'SI' from SIM will reach RMS through RIB.Ĥ. Create transfers in SIM for 3 items, with quantity 10 each.ģ. Check the VDATE in RMS and the System Date in Store Inventory Management (SIM) system (for example: 02-APR-12).Ģ. SOStatus messages are failing in Retail Merchandising System (RMS) - Retail Integration Bus (RIB) Error Hospital with the following error:ġ. Information in this document applies to any platform. Oracle Retail Integration Bus - Version 13.0.5 and later Oracle Retail Store Inventory Management - Version 13.0.5.3 and later

Oracle Retail Merchandising System - Version 13.0.5.4 and later SOStatus Messages are Failing in RIB RMS Hospital