Tuesday, December 14, 2010

The impact of technology on business

*     In recent years, advances in information technology have made substantial improvements in many aspects of retail sector business, such as logistics, warehousing, and inventory. By examining highly successful businesses and exploring how they have improved their business using technology, it is possible to identify the impact of information technology on the retail sector overall.
*     One such business is Wal-Mart, whose state-of-the-art technology and business innovations have set the trend for others of its kind. Among the technologies Wal-Mart has used to improve its bottom line are radio frequency identification (RFID) technology and data warehousing. RFID is "the practice of putting radiant identification tags on cases and pallets of products;" each tag would store an Electronic Product Code (EPC), a bar code successor used to track products entering Wal-Mart's distribution centers and subsequently shipped to individual stores
*      Another example of the advance in technology is the websites that has been made for online shopping such as kijiji or ebay or many others  which amazingly you just choose what u want and after ordering and  paying the amount of it , it would be delivered at wherever you want in average of 7 days !!!
*     For another example of the advance of technology we can name MP3 & Mp4 which helps you to listen to the music you want or even watch movie with MP4 at any time and in any place easily, which has dvantages for apple company cause people buy it's Ipads and Ipods to watch video and listen to musics with it. It also has some disadvantages for companies such as record companies that sell CDs and DVDs, but with this advance in technology, less people buy their products.



                                     

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