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Implementation of IT at Wal-Marts - Term Paper Example

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This paper "Implementation of IT at Wal-Mart’s" describes an increase in the use of information technology, the industry of Wall-Mart. The author takes into account the external forces, the political influences, some social and economic benefits, the main strengths, and weaknesses. …
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Implementation of IT at Wal-Marts
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Download file to see previous pages Wal-Mart the brain-child of Sam Walton started in 1962 as a family-owned discount store with an innovative business strategy. Incredibly efficient and focused on the principle of low-prices, Wal-Mart transformed the retail industry. Wal-Mart has 3,400 stores in the US and is the largest employer in the US second only to the Federal Government (Nester, 2006). It is sheer size, growth, and profitability of Wal-Mart that it is in a position to define corporate trends and dictate and perfect the nature of discount stores. Wal-Mart has four large scale retail formats; Wal-Mart Stores, SAM’s Club, Wal-Mart Supercenters and Neighbourhood Markets. The challenges in the supply chain management include new solutions for more efficient handling of lean material flows, efficient customization of products and logistics services and information sharing across company limits.
Wal-Mart’s growth is associated with its efficiency in managing the supply chain. It was their innovative computerized logistics and distribution system strengthened by globalization forces that can be attributed to their success (Irwin & Clark, 2006). Wal-Mart has been pioneers in applying information technology (IT) to support decision making and promote efficiency. Wal-Mart was the first to use computers for inventory control, and in 1997, they initiated electronic data interchange (EDI) with its vendors. The next year they introduced barcode scanning for point-of-sale and inventory control. In 1990 they invested in a fully integrated private satellite network that provided data transmission for inventory, credit card authorization and enhanced EDI. In 2005 the introduced the RFID technology that uses radio waves to identify objects. Their computer system receives 8.4 million updates every minute on the sales and this data is used by the merchants to understand the customers’ wants and adjust their supplies accordingly. They have integrated the entire value chain and their web of information system extends beyond the walls of anyone store. ...Download file to see next pagesRead More
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Implementation of IT at Wal-Marts Term Paper Example | Topics and Well Written Essays - 2500 words.
(Implementation of IT at Wal-Marts Term Paper Example | Topics and Well Written Essays - 2500 Words)
Implementation of IT at Wal-Marts Term Paper Example | Topics and Well Written Essays - 2500 Words.
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