Verified Document

Future Trends An Evaluation Of Term Paper

The implications for consumers are significant in that marketing strategies and overall programs more aligned to their specific needs, and for the organization, better and more accurate reporting and compliance while having more aligned marketing strategies. The focus on these three aspects coming together mean more efficient service to customers while enabling organizations to have more relevant products, services, and strategies for new and existing customers. Supply chain strategies get anchored in network-based data synchronization. It in the context of supply chains has often been as serial-based in its approach to managing processes as the movement of the packages these networks manage. With the rise in Radio Frequency Identification (RFID) and the massive amount of data that is being generated as a result, the need for networks to synchronize data from supply chains and retailers is critical. This data synchronization component that takes in RFID data from retailer's channels on the one hand and delivers reports, insights and analysis to network users on the other is currently the weakest link in this rapidly evolving supply chain. In 2006 the dearth, or absence, of tools for managing this data generated by Radio Frequency Identification (RFID) systems and its parsing, analyzing and use on networks, will be bridged. This area of supply chain data and its resulting need for synchronization is going to be one of the biggest trends impacting networks and network administration within manufacturing companies globally who rely on retailers for the majority of their revenue.

RFID is specifically used for automating the inventory management, logistics, and fulfillment of products through supply chains. While Wal-Mart has been and continues to be one of the key drivers of this technology through their extensive use of pilot programs, RFID is also finding strength in content and data synchronization throughout trading exchanges. In fact Proctor and Gamble actively uses RFID to manage the fulfillment of products throughout their own supply chain directly to retailers' shelves. Clearly the focus on efficiencies in the supply chain is showing ROI, and this is especially true for large shipments of like products. Weston and Garf (2005) quote Randy Maxwell, Senior VP of merchandise Replenishment at Wal-Mart as saying that "We can have a perfect forecast, but if we can't get the goods through the supply chain, it doesn't matter." Lastly Sarnevitz (2005) also states...

All these insights further highlight how critical it is for Wal-Mart to continually refine the processes surrounding their supply chain, and this is made even more acute when expanding internationally.
Summary

The key trends analyzed in this report show that the issues of trust, validation and verification of identity, greater use of analytics and business process management, and the focus on greater visibility into supply chains using RFID, all being potentially deliverable on a SaaS platform, show that both people and organizations are seeking quantification and proof of security and trust while wanting the convenience the Internet provides. Taken together all these technologies are combining to influence the development of an entirely different technological class of consumer, one that seeks validation and verification as a prerequisite for doing business with a site or organization first, and seeks convenience only after trust has been earned. An additional aspect of this is the growth of single systems of record, which is critical for the growth of CRM, sales force automation, and all forms of customer-facing strategies. In the end these advances provide more transparency at greater speeds to consumers and organizations alike.

References

AMR Research (2005) - Hosted CRM Revenues Increase 105% in 2004. AMR Research. Boston, MA August 23, 2005. http://www.amrresearch.com/Content/View.asp?pmillid=18600

Blaze Advisor (2006) - Recent Developments in the Constraint-Based Authentication Technologies by Fair-Isaac, accessed from the Internet on October 23, 2006:

http://www.fairisaac.com/Fairisaac/Solutions/Enterprise+Decision+Management/Business+Rules/Blaze+Advisor/Blaze-Advisor-Upgrade-Break-Through.htm

Carr (2003) - it Doesn't Matter. Harvard Business Review. Cambridge, MA. May, 2003

Sarnevitz (2005) - Retail Replenishment Execution: At Wal-Mart, it's All About Processes and People. (Alert) Boston, MA AMR Research (2005, November 14).

Sweeney (2006) - Software as a Service in the ERP World. AMR Research. Boston, MA. June 22, 2006 http://www.amrresearch.com/Content/View.asp?pmillid=19553

Weston and Garf (2005) - Wal-Mart and UPS: Tales in Superior Supply Chains (Assessment of Fall Supply Chain Conference). Boston, MA.

Sources used in this document:
Sarnevitz (2005) - Retail Replenishment Execution: At Wal-Mart, it's All About Processes and People. (Alert) Boston, MA AMR Research (2005, November 14).

Sweeney (2006) - Software as a Service in the ERP World. AMR Research. Boston, MA. June 22, 2006 http://www.amrresearch.com/Content/View.asp?pmillid=19553

Weston and Garf (2005) - Wal-Mart and UPS: Tales in Superior Supply Chains (Assessment of Fall Supply Chain Conference). Boston, MA.
Cite this Document:
Copy Bibliography Citation

Related Documents

Future Trends in the Use of Computer
Words: 996 Length: 3 Document Type: Essay

Future Trends in the Use of Computer Technology in Surgery The rapid levels of innovation occurring in the field of Computer Assisted Surgery (CAS) are leading to significantly greater levels of accuracy, patient care success, and lower costs of outpatient surgery treatment programs for hospitals and care centers. The intent of this paper is to analyze the future direction of CAS and its implications on the quality of healthcare and its

Future Trends in Health Care
Words: 1964 Length: 6 Document Type: Essay

Future Trends in Health Care Direct communication with patients remains to be an obstacle in the quest of achieving effective patient-physician relationship. Nevertheless, e-communication with clients by use of websites, telephone, and e-mail has forced physicians to re-engineer their strategies of caring for patients. Access of online wellness and health information, home-based monitoring systems, online medical services, and web-based support teams have enabled patients to embrace added responsibilities for their health

Future Trends Using Professional Interviews Response Content
Words: 1058 Length: 4 Document Type: Essay

Future Trends Using Professional Interviews Response Content The research in this study reports interviews with several clinical psychologists about their current practice and practice methods as well as about their opinions about the future of the practice of clinical psychology. Similarities and Differences of Professionals Interviewed in Their Approach and Treatment Settings One psychologist interviewed stated that she uses puppets to assist children in working out their problem and in stimulating the

Future Trends for Civil Aviation the Importance
Words: 2282 Length: 8 Document Type: Essay

Future Trends for Civil Aviation The importance of a viable civil aviation sector to national security has been well documented, but the aviation industry continues to struggle with skyrocketing fuel prices and highly regulated operational environment. In this setting, it is not surprising that some civil aircraft engine manufacturers have fallen by the wayside while others have prospered by achieving a competitive advantage of some sort. To identify what strategies

Current and Future Trends in Public Safety Leadership
Words: 1333 Length: 4 Document Type: Research Paper

Public Safety Leadership Assessment People are attracted to public safety as a career for a number of reasons, with an overarching desire to help others cited by many former and current public servants as being among the most important. In some cases, public safety leaders not only succeed in this goal, they do so in especially noteworthy ways that make them stand out as exemplars of public safety service. To determine

Future Reform Predict the Form and Function
Words: 1527 Length: 5 Document Type: Essay

Future Reform Predict the form and function of medical health records in 2030 (provide specific example to support your response). Models for healthcare delivery are changing, the institutions that deliver it are transforming themselves or being transformed by the marketplace and of course information technology is helping to enable that transformation. Medical technology today is transforming the way healthcare is delivered, managed, and assessed, with a continued shift from the old record

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now