Wal-Mart and RFID
INSTITUT SINARAN
MKT 233- E-COMMERCE
Task: Group Assignment
Student’s Name:Amanda Lim Pui Sze(13DM244)
Nabeela Binti Zainal(13DM239)
Ng Jing En(13DM233)
Tahnee Tsen Tze Ting (13DM256)
Program:Diploma in Commerce
Lecturer’s Name :Mr Sam Yet HuatDue Date : 13 October 2014
Q1: Why Wal-Mart is concentrating on Supply Chain Projects?
This is because Wal-Mart feels that this is an area of strength and being efficiency in this area can lead to greater profit. Wal-Mart is investing heavily to improve their supply chain management constantly as it will allow them to lower their overall costs and to increase profit margin. To illustrate this, prior to the efforts on supply chain management in 2002, they generated a return of 3% on the sales of $218B. In 2011, their revenue doubled and their profit margin increased to 6.1%. By constantly upgrading the management of product through the various distribution channels and the process in which consumers receive products, time and money can be saved by Wal-Mart which in turn benefits the consumer. In order for Wal-Mart to remain successful on a global level, being competitive is the key. In order to maintain Wal-Mart value proposition, it must always be aware of bigger and better ways to get things done.
RFID technology has risen to become a revolutionary element in supply chain management. CITATION RFI13 \l 1033 ( RFID Arena Guest, 2013) It is not just a replacement for barcodes. RFID ensures that the right goods are available in the right place with no discrepancies and zero errors. CITATION RFI13 \l 1033 ( RFID Arena Guest, 2013) It makes the supply chain considerably more precise and improves the efficiency and reliability of the entire chain. As real-time information is made available also administration and planning processes can be significantly improved. CITATION RFI13 \l 1033 ( RFID Arena Guest, 2013)Wal-Mart installing RFID technology in its stores because it allows the retailer to
MKT 233- E-COMMERCE
Task: Group Assignment
Student’s Name:Amanda Lim Pui Sze(13DM244)
Nabeela Binti Zainal(13DM239)
Ng Jing En(13DM233)
Tahnee Tsen Tze Ting (13DM256)
Program:Diploma in Commerce
Lecturer’s Name :Mr Sam Yet HuatDue Date : 13 October 2014
Q1: Why Wal-Mart is concentrating on Supply Chain Projects?
This is because Wal-Mart feels that this is an area of strength and being efficiency in this area can lead to greater profit. Wal-Mart is investing heavily to improve their supply chain management constantly as it will allow them to lower their overall costs and to increase profit margin. To illustrate this, prior to the efforts on supply chain management in 2002, they generated a return of 3% on the sales of $218B. In 2011, their revenue doubled and their profit margin increased to 6.1%. By constantly upgrading the management of product through the various distribution channels and the process in which consumers receive products, time and money can be saved by Wal-Mart which in turn benefits the consumer. In order for Wal-Mart to remain successful on a global level, being competitive is the key. In order to maintain Wal-Mart value proposition, it must always be aware of bigger and better ways to get things done.
RFID technology has risen to become a revolutionary element in supply chain management. CITATION RFI13 \l 1033 ( RFID Arena Guest, 2013) It is not just a replacement for barcodes. RFID ensures that the right goods are available in the right place with no discrepancies and zero errors. CITATION RFI13 \l 1033 ( RFID Arena Guest, 2013) It makes the supply chain considerably more precise and improves the efficiency and reliability of the entire chain. As real-time information is made available also administration and planning processes can be significantly improved. CITATION RFI13 \l 1033 ( RFID Arena Guest, 2013)Wal-Mart installing RFID technology in its stores because it allows the retailer to
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