CiS 500 Week 2 Discussion 1
CTO of a retail organization that has adopted the RFID technology.
Advantages:
As the CTO of a retail organization, the use of RFID technology will allow for better inventory management of stock. RFID allows better tracking of products from when it leave the warehouse until it arrives at the store. It keeps a detail log of its every movement along the way and can allow for grantee of available of stock. It can be used to keep costumers informed about something is available in the store as well as how many. By using the new technology my organization could gain a competitive advantage that others retailers do not have which will increase profit margin sine it would allow for better pricing and inventory management.
Disadvantages:
Since it is a new technology my company may not be able to afford it initially. Also deciding which one to select for the use of the company will be difficult since there may not be many companies using it so we can see how reliable it is. It will not be very beneficial if it causes inventory issues or miss ordering products.
Imagine the information system for Wal-Mart was suddenly nonexistent. Choose the data management system you would put back in operation first. Justify your response.
If there was no information system in place for Wal-Mart, the first system that I would put in place would be a transaction processing system. It is important and essential to processing data without it you would not be able to make transactions, track inventory or gather necessary data for daily operating services.
A transaction is an elementary activity conducted during business operations. Transaction processing systems (TPS) process the company's business transactions and thus support the operations of an enterprise. A TPS records a non-inquiry transaction itself, as well as all of its effects, in the database and produces documents relating to the transaction. it is necessary in order to conduct business in almost any organization today. TPSs
Advantages:
As the CTO of a retail organization, the use of RFID technology will allow for better inventory management of stock. RFID allows better tracking of products from when it leave the warehouse until it arrives at the store. It keeps a detail log of its every movement along the way and can allow for grantee of available of stock. It can be used to keep costumers informed about something is available in the store as well as how many. By using the new technology my organization could gain a competitive advantage that others retailers do not have which will increase profit margin sine it would allow for better pricing and inventory management.
Disadvantages:
Since it is a new technology my company may not be able to afford it initially. Also deciding which one to select for the use of the company will be difficult since there may not be many companies using it so we can see how reliable it is. It will not be very beneficial if it causes inventory issues or miss ordering products.
Imagine the information system for Wal-Mart was suddenly nonexistent. Choose the data management system you would put back in operation first. Justify your response.
If there was no information system in place for Wal-Mart, the first system that I would put in place would be a transaction processing system. It is important and essential to processing data without it you would not be able to make transactions, track inventory or gather necessary data for daily operating services.
A transaction is an elementary activity conducted during business operations. Transaction processing systems (TPS) process the company's business transactions and thus support the operations of an enterprise. A TPS records a non-inquiry transaction itself, as well as all of its effects, in the database and produces documents relating to the transaction. it is necessary in order to conduct business in almost any organization today. TPSs