Global & Technological Environment Trends: Wal-Mart
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GLOBAL & TECHNOLOGICAL ENVIRONMENT TRENDS: WAL-MART
The Radio Frequency Identification, a short range communication technology, profoundly has impacted businesses. It helps companies track and control goods as they move through the supply chain. It can improve operational efficiencies and customer service while providing new business opportunities. However, like many other new technologies, RFDI also brings some concerns for people as well as benefits. For this assignment, I will focus on this technology trends on Wal-Mart
Wal-Mart is one of those companies who rely on RFID to manage inventory more efficiently, reduce numbers of data entry errors, and lower human labor costs in a distribution center. By using RFID, Wal-Mart can now cut the incidence of out-of-stock products while improving the efficiency of moving products from backrooms to store shelves. It helps Wal-Mart improve its shelf management, so it can make sure merchandise is available. As a result, Wal-Mart’s sales increase.
H. Lee Scott stated that RFID is “a very important innovation,” and the benefits will be seen over the long term.” He said RFID