¶ … retail environment discloses a place for the retail business and the retailers to have the ability to interconnect real-time in order to modernize transactions and re-stocking. Walmart is one of those businesses that is heading towards a technologically progressive direction with Radio Frequency Identification (RFID). Any machine or person with equipment to read these tags can read from more than a few meters away. In the situation of a retail store, the point that anything from inventory that was purchased by a customer, could be read by the RFID tag, and then subtracted from inventory helps keep things in Walmart organized and flowing. Additionally, when the catalogue reaches a predetermined quantity-on-hand - it gets reordered to maintain adequate stock for the stores. Cross (2007), discusses in an article the effectiveness of such operations. "Benefits of VoiceLogistics together with U.S. Foodservice Inc.'s annual business strategy incorporate five goals including growth on profitable sales, improved gross profit, controlled operating expense, improved working capital, and organizational effectiveness" (Cross, 2007, p. 32). The company not only had an overall improvement in communication, but also in productivity and resource management. The same was and is seen in Walmart. Walmart employees with the new technology had an easier time performing their job functions as well as communicating with each other on issues relating...
The traditional inventory check, which is done by hand, can be faulty and many times employees will either lie or be inaccurate with the count. In fact, most of the time, employees have to count several times just to make sure the number they get is accurate, wasting valuable time and money as employees in retail are paid on an hourly basis. Using this technology not only saves time, but also improve accuracy as well as removes the need to use an archaic and unreliable method.
online retailing operates, what kind of problems they face and the kind of environment they operate in. The author has also focused on Asian online retailing and special focus on Hong Kong online retailing. It has 22 sources. Access of basic necessities of life has followed the conventional method of buying and selling. This pattern changed in the last decade with the emergence of information technology age. When consumers have
Cyber Security Relating to the Use of Metadata in the Retail Industry The Goal of Businesses Importance of Consumer Meta-data to businesses within the Retail Industry Instances where the use of Meta Data may be harmful to Consumer Possible Method those lawmakers should consider regulating to control the use of Meta-data Goals of lawmakers within the Public Sector Goals of this industry, and Public Sector goals, as more new cybersecurity Laws are Promulgated In the present digital
Social Media Retailing Applications: Opportunities and Threats How Has Social Media Developed and What are the Benefits and Downsides of Using Social Media for Retailers Today? This study examines social business in general, how it developed and the benefits of using social media in particular. Second, this study provides a discussion concerning the potential positive as well as the effects of social business in the retail sector which is followed by a
6). DO-IT stores have been designed in the past to keep the safety of its employees and customers constantly in mind. The company understands that accidents can happen but that any steps taken to avoid an accident is money well invested. It knows that doing business in a country like the United Kingdom "puts direct cost of accidents in the billions of dollars" (Thye, par. 10) per year. With
Tourist Behavior Toward Nature-Based Tourism Activities For most of the developing countries tourism industry is playing a very important role in boosting their economies. In 2004, it was found out that Asia Pacific was one of the fastest growing tourism regions (Cruey, 2005). According to WTO, up to 3% of world's tourism market is made up of Thailand, Indonesia, India and Sri Lanka. It was in 1970's that the development
The net result is a growing digital divide in the secondary and tertiary cities of India, overlooked for Internet access, making the prospect of creating an Internet cafe in secondary, and often less expensive cities, more difficult. The ADSL launch across India has been abnormally slow, and cable modem access is concentrated in the most wired cities and regions of the world, yet paradoxically there has not been a reduction
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