Method to attribute expiration dates and quantities of a product to an SKU code for pricing purpose

1. A method for avoiding food waste, the method comprising:

utilizing a scanner of a portable device to scan a barcode on an item located on a pallet, wherein each item on the pallet shares a Store Keeping Unit (SKU);

automatically transmitting the barcode to a server;

receiving, from the server, data associated with the barcode, wherein the data comprises at least an image of the item, a price for the item, and a quantity of the item on the pallet;

displaying the data associated with the barcode on a screen of the portable device;

receiving an input for the item from a user via the screen of the portable device, wherein the input comprises an expiration date for the item;

updating the expiration date for the item in the server;

calculating, by the server, a dynamic price for the item based on the expiration date for the item and the quantity of the item on the pallet, wherein the dynamic price is attributable to each item sharing the SKU on the pallet; and

displaying the dynamic price for the item on at least one of an in-store screen, an electronic shelf label, and a processor at a checkout cashier.

2. The method of claim 1 , wherein the scanner is comprised of at least one of a smart phone or any portable device.

3. The method of claim 1 , wherein the data is transmitted from the portable device to the server via Bluetooth, Wi-Fi or cellular communication.

4. The method of claim 1 , wherein the server is a local server or a remote server.

5. The method of claim 1 , wherein the dynamic price for the item varies based on a time such that a first dynamic price for the item determined during a first time period is greater than a second price of the item determined during a second time period since the second time period is closer to the expiration date of the item than the first time period.

6. The method of claim 1 , wherein the server calculates the dynamic price for the item in real-time.

7. The method of claim 1 , further comprising:

receiving another input from the user via the screen of the portable device to modify or confirm at least a portion of the data; and

updating the modified data in the server.

8. A system for avoiding food waste, the system comprising:

a scanner configured to read data on a barcode of an item located on a pallet, wherein each item on the pallet shares a Store Keeping Unit (SKU);

a portable device;

a processor having a memory, the memory having computer readable instructions stored thereon that when executed by the processor, is configured to: receive the data associated with the barcode from the scanner, wherein the data comprises at least an image of the item, a price for the item, and a quantity of the item on the pallet;

a screen of the portable device being configured to:

display the data associated with the barcode;

receive an input for the item from a user, wherein the input comprises an expiration date for the item; and

transmit the expiration date for the item to the processor; and

the processor being configured to:

update the expiration date for the item;

calculate a dynamic price for the item based on the expiration date for the item and the quantity of the item on the pallet, wherein the dynamic price is attributable to each item sharing the SKU on the pallet; and

transmit the dynamic price for the item on at least one of an in-store screen, an electronic shelf label, and a processor at a checkout cashier.

9. The system of claim 8 , wherein the scanner comprises a smart phone or any portable device.

10. The system of claim 8 , wherein the data is transmitted from the portable device to the processor via Bluetooth, Wi-Fi or cellular communication.

11. The system of claim 8 , wherein the dynamic price for the item varies based on a time such that a first dynamic price for the item determined during a first time period is greater than a second price of the item determined during a second time period since the second time period is closer to the expiration date of the item than the first time period.

12. The system of claim 8 , wherein the server calculates the dynamic price for the item in real-time.

13. The system of claim 8 , wherein the screen of the portable device is further configured to receive another input from the user to modify or confirm at least a portion of the data, and wherein the server is configured to update the modified data.