Rfid at Walmart
Running head: WALMART’s IMPLEMENTATION OF RFID TAGS 1
WALMART’s IMPLEMENTATION OF RFID TAGS 2
Abstract
Walmart has expanded as the largest retailer since it opened doors over 50 years ago, incorporating various information technology systems into their supply chain and logistical operations. Walmart is known for being the first with new innovation by utilizing new information functions to increase profits. By implementing Radio Frequency Identification Data opens communication to retailers more effectively and efficiently. This gives Walmart and suppliers accurate inventory levels, reduced cost, sales and competitive advantages.
WALMART’s IMPLEMENTATION OF RFID TAGS 3
Background Information Walmart opened the first store on July 2, 1962 in Rogers, Arkansas by Sam Walton. The mission for Walmart is to provide lower prices so people could live better. In 2012, Walmart has over 2.2 million associates worldwide and 200 million customers per week at more than 10,000 stores in 27 countries (“History Timeline”, 2013). Effective and efficient supply chain management plays a key role to maintain everyday low prices, great customer service and quality merchandise that Walmart continues to dominant the market as the number one retailer in 2012. Over the past years Walmart made improvements in technology by updating from cash registers in 1983 to computerized point-of-sales systems for faster and accurate checkout. Next, Walmart installed the largest satellite communication system, linking operations with voice, data and video communication (“History Timeline”, 2013). Technology advancements with Walmart’s
WALMART’s IMPLEMENTATION OF RFID TAGS 2
Abstract
Walmart has expanded as the largest retailer since it opened doors over 50 years ago, incorporating various information technology systems into their supply chain and logistical operations. Walmart is known for being the first with new innovation by utilizing new information functions to increase profits. By implementing Radio Frequency Identification Data opens communication to retailers more effectively and efficiently. This gives Walmart and suppliers accurate inventory levels, reduced cost, sales and competitive advantages.
WALMART’s IMPLEMENTATION OF RFID TAGS 3
Background Information Walmart opened the first store on July 2, 1962 in Rogers, Arkansas by Sam Walton. The mission for Walmart is to provide lower prices so people could live better. In 2012, Walmart has over 2.2 million associates worldwide and 200 million customers per week at more than 10,000 stores in 27 countries (“History Timeline”, 2013). Effective and efficient supply chain management plays a key role to maintain everyday low prices, great customer service and quality merchandise that Walmart continues to dominant the market as the number one retailer in 2012. Over the past years Walmart made improvements in technology by updating from cash registers in 1983 to computerized point-of-sales systems for faster and accurate checkout. Next, Walmart installed the largest satellite communication system, linking operations with voice, data and video communication (“History Timeline”, 2013). Technology advancements with Walmart’s
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