Biggie Mart

In: Social Issues

Submitted By mice77
Words 1411
Pages 6
Executive Summary

Biggie-Mart has been around for a while, but only recently has there been a great interest in the use of improving the technology in the company. Wal-Mart, a leader in innovation in the retail industry has already adopted this comprehensive technology. The challenge I may face by retailers and suppliers is to develop an inventory notification system that incorporates RFID (Radio Frequency Identification) technology at its best.
I will fill this gap by providing a solution using Radio Frequency Identification tags to keep track of products on store shelves, in inventory, and products that are bought. The system will feature radio frequency identification tags and readers. Readers will be located in the storage room and at the point-of-sale terminals. I will be focusing the project on software development and will outsource the supply of RF tags and readers.
I propose a way to give more control to the end user by building a notification system with multiple types of alerts that allows the user to control which applications notifications are used for each alert. This will help create adaptive rules for rating the importance and urgency of inventory to determine which notifications a user wants to see. On the other hand, a computerized inventory and monitoring of a company is needed to save time and money.
My project aims to design and develop management software that will incorporate RFID technology. My project will also enable store management to know the current status of products on the shelves, what is selling, and what is in the stockroom. Features of the software will include notifying users of empty shelves, list items sold, and automatic product reordering. A fully functional prototype system will be developed by October 2013.
Introduction
Inventory is the act of counting the materials and goods in a certain company. It…...

Similar Documents

Wal-Mart

...competition, cheap labor and manufacturing overseas, and an insatiable consumer demand for cheap goods with the mentality of “cheap over anything else”. Wal-Mart simply fills that demand for America, and it fills it with an American company that contributes to American productivity, employing American workers and keeping down prices and inflation for 300,000,000 Americans. If Wal-Mart didn’t exist, some other company would fill that need, and it might not be American, so we should count our blessings. The company could be Swedish, like IKEA, or Danish, like Simon Lichtenberg’s Trayton Group. So, you cannot hold this against Wal-Mart on the basis of a claim that says Wal-Mart destroys the old American economy that our parents and grandparents remember affectionately. That economy is dead or dying, and this new world is less predictable. It moves too quickly sometimes for us to keep up, workers have less job security and Main Street is no longer the center of American commerce, but Wal-Mart does its part to help America keep up. Wal-Mart gives the American people somewhere to go to get discount merchandise that they otherwise couldn't afford, and this is the most important thing, to give our nation's people, and therefore our nation, the necessities of life. Along with raising the standard of living for American families, Wal-Mart boosts the economy, reduces inflation, and makes the economy more efficient as a whole. According to the Los Angeles Times, “U.S. economists say......

Words: 1107 - Pages: 5

Wal-Mart

...In 2005, Walt-Mart has become the largest retailer in the world and also the market leader among supermarkets in the US. Walt-Mart employed more than 1.6 million associates worldwide and was the largest private sector employer in the world. It was also very aggressive to enter into the world’s second largest retail market by obtaining a 38% controlling share in Japan. It is very important to have successful strategy and control system to achieve all these goals. Selling branded products at low cost is Walt-Mart’s strategy so it can guarantee “everyday low price” to attract customers. In order to achieve this strategy, Walt-Mart has its competitive advantages in successful supply chain management, efficient 24 hour distribution center and powerful satellite network system. Walt-Mart does not depend on any supplier. Each supplier shares less than 4% of the overall purchase volume according to the passage. This allows Walt-Mart to avoid the supply chain issue and to diversify the potential risks. If one supplier raises the price, Walt-Mart can select other suppliers and maintain the low cost. If one supplier does not have an item in stock, Walt-Mart can go to other suppliers to fulfill its order without incurring stock-outs problem. In order to efficiently monitor and manage inventory, Walt-Mart also requires the supplier to adapt to the latest supply chain technology. This will reduce the carrying and storage costs in inventories and this savings will benefit......

Words: 694 - Pages: 3

Wal Mart

...Management at wal mart Submitted to: Prof Mhihr Das Submitted By: Kunal Bhatia (M00116, Hitesh Bambhaniya (M00126), Saloni Umraniya (M00128), Sagar Nathani (M00134) 3/6/2014   Table of Contents Introduction 3 Value Chain System of wall mart 4 Porter 5 force 4 SWOT 5 Competitors 6 Suppliers 8 Back haul of wall mart 9 Role of HR 10 Role of RFID 11 Strategy 12 Strategy of other companies 13 Conclution 16 Introduction The retail industry is dominated by few retail giants, with Wal-Mart competing in several retail categories. Wal-Mart competes against Kmart and Target in the general merchandise retailing; against Costco in the warehouse club segment; and against Kroger, Albertson’s and Safeway in the supermarket retailing. Competition among retailers centers on pricing, store location, variations in store format and merchandise mix, store size, shopping atmosphere, and image with shoppers. Further analysis provided by the following figure diagnoses the competitive environment of the retail industry. As a fact, Wal-Mart is considered as the world’s largest retailer nationwide that has been guided by its founder Sam Walton’s passion toward customer satisfaction, and his beliefs in excellence, as well as his philosophy in lowering his prices that has been proven with his famous slogan “everyday low prices.”1Visible outstanding success has required a lot of effort, strategies, dedication, and wide consideration. Such as......

Words: 3334 - Pages: 14

Wal-Mart

...-Mart 1) Who is the protagonist actor in the case? The protagonist actor in the case, Wal-Mart is, Sam Walton. Samuel Moore "Sam" Walton (March 29, 1918 – April 5, 1992) was an American businessman and entrepreneur born in Kingfisher, Oklahoma, best known for founding the retailers Wal-Mart. Wal-Mart is the largest retail store in the United States, and is larger than any other retail chain in the world. Wal-Mart provides general merchandise: family apparel, health & beauty aids, household needs, electronics, toys, fabrics, crafts, lawn & garden, jewellery and shoes. Also, the company runs a pharmacy department, Tire & Lube Express, and Photo processing center as well. When Sam Walton created Wal-Mart in 1962, he declared that three policy goals would define his business: respect for the individual, service to customers, and striving for excellence. Wal-Mart's corporate management strategy involves selling high quality and brand name products at the lowest price. In order to keep low prices, the company reduces costs by the use of advanced electronic technology and warehousing. It also negotiates deals for merchandise directly from manufacturers, eliminating the middleman. 2) What the problems he/she meet in his/her company? Wal-Mart grew rapidly during the 1980s due to diversification of the company. Wal-Mart's fundamental business principles at that time were to provide "high-quality," brand name merchandise at low-prices and to locate stores......

Words: 1900 - Pages: 8

Wal-Mart

...Case Study: Wal-Mart DeLeon A. Rich Management and Strategy Webster University May 15, 2013 Table of Contents Table of Contents 1 Introduction 2 Wal-Mart’s Threats and Challenges 2 Priorities of Wal-Mart CEO during the October Address 2 Wal-Mart Board’s Strategic Initiatives 3 Recent Wal-Mart Initiatives 4 Recent Initiatives 4 Comment: Strategy 5 Comment: Personal Relations 5 Wal-Mart’s Social Challenges 5 Conclusion 5 References 5 Introduction Every business organization in the contemporary world continues to face serious challenges and turbulences. Such challenges and turbulences have called on to business enterprises to re-structure and re-engineer their strategic plan in order to establish effective strategic initiatives. Dynamisms and increased competition are some of the challenges that business enterprises continue to face. One example of a business enterprise that has had to re-structure and re-engineer its strategic plan amidst increased dynamisms and competition with Wal-Mart. Late in 2005, Wal-Mart announced a series of sweeping new strategic initiatives. Such strategic initiatives are aimed at enhancing the position of the business within the industry and the market as well as performances. This case study provides an in-depth analysis of Wal-Mart in respect to its current strategy and challenges. Analysis of the threats and challenges coupled with priorities that Wal-Mart CEO, Lee Scott set in the address on......

Words: 3007 - Pages: 13

Wal-Mart

...1. Functionalist questions a. What are the functions of Wal-Mart for society? Wal-Mart is an American multinational retail corporation and one of the leading discount department retail stores (Wikipedia). It is the highest- grossing company in the United States (Fortune 2008a), and is by far one of the most successful companies worldwide. Wal-Mart offers a place to buy the majority of our goods under one roof like electronics, furniture, clothing, pharmacy, sports, food, books etc. Wal-Mart sells good at lower price than the others and this is even shown by its slogan “save money, live better”.  It drives out smaller and sometimes even the expensive stores out of business due to its lower prices. Wal-Mart provides jobs for thousands of people in the society including the low-skilled people. It represents a trend of one stop shopping where we can get almost everything that we want. b. Are they the same or different from the functions of Wal-Mart in our individual lives? How do the two types of functions connect? One of Wal-Mart belief and function is the respect for the individual. They have given importance of respect for every individual and every member of the community. For individuals; Wal-Mart offers convenience, good pricing and multiple products under one roof. It reduced the overall cost to consumers as they don’t have to go from one place to another to buy different goods. c. Does Wal-Mart have both manifest and latent functions? Manifest functions are......

Words: 1974 - Pages: 8

Wall Mart

...Wall Mart Case Study I. Industry Wal-Mart's competitive environment is quite unique. Although Wal-Mart's primary competition comes from general merchandise retailers, warehouse clubs and supermarket retailers also present competitive pressure. The discount retail industry is substantial in size and is constantly experiencing growth and change. The top competitors compete both nationally and internationally. There is extensive competition on pricing, location, store size, layout and environment, merchandise mix, technology and innovation, and overall image. The market is definitely characterized by economies of scale. Top retailers vertically integrate many functions, such as purchasing, manufacturing, advertising, and shipping. Large scale functions such as these give the top competitors a significant cost advantage over small-scale competition. In general merchandise retailing, Wal-Mart's primary competitors are Target and Kmart. Retail superstores such as Circuit City and Bed, Bath, and Beyond, also provide retail competition. A survey found that the majority of respondents favored Wal-Mart over stores like Target and Kmart. Respondents claimed Wal-Mart offered lower prices, better variety and selection, and good quality. The needs of consumers is an important economic feature in all competitive environments. What attributes (price, variety, quality, etc.) prompt buyers to choose one retailer over another is very important in the competitive landscape. In the warehouse......

Words: 1764 - Pages: 8

Wal-Mart

...The Grassroots Battle: Wal-Mart Supercenter Rosemead Stephen J.J. McGuire, Christine Chueh, Tia Mao & Isela Mercado California State University, Los Angeles September 11, 2008 Wal-Mart, founded in 1962 in Rogers, Arkansas, was the largest retail chain in the world. Its growth was derived from a wide range of competitive advantages, such as Wal-Mart’s sophisticated use of information technology to keep track of and reorder items, the use of “Just-in-Time” shipments of merchandise from distribution centers that eliminated the need for costly in-store inventory storage2, and the sheer economies of scale it achieved compared to its rivals. Wal-Mart also exploited “economies of density” to make the most of its centralized distribution hubs.3 These advantages, combined with its “Every Day Low Price” strategy, enabled Wal-Mart to serve its target market, of which the residents of Rosemead, California were typical. In 2003, Wal-Mart’s attempt to establish a Supercenter 12 miles from downtown Los Angeles in the city of Inglewood, California was stopped by a community grassroots effort to keep the retailer out. Wal-Mart then diverted its expansion plan to the nearby city of Rosemead, where a new Supercenter would benefit from two Wal-Mart distribution centers within a cluster of ten neighboring Wal-Mart stores. In September 2004, the Rosemead City Council voted in favor of Wal-Mart’s plans to open its first Supercenter in Los Angeles country, alienating many residents who felt......

Words: 11305 - Pages: 46

Wal-Mart

... GM591 Leadership and Organizational Behavior Mar11 Sec Ac Professor Jere Ferguson 4/8/11 Wal-Mart is an American public multinational corporation that runs a chain of large discount department stores and a chain of warehouse stores. In 2010 it was the world's largest public corporation by revenue, according to the Forbes Global 2000 for that year. The company was founded by Sam Walton in 1962, incorporated on October 31, 1969, and publicly traded on the New York Stock Exchange in 1972. Wal-Mart, headquartered in Bentonville, Arkansas, is the largest majority private employer and the largest grocery retailer in the United States. In 2009, it generated 51% of its US $258 billion sales in the U.S. from grocery business. It also owns and operates the Sam's Club retail warehouses in North America. Wal-Mart has 8,500 stores in 15 countries, with 55 different names. The company operates under its own name in the United States, including the 50 states. It also operates under its own name in Puerto Rico. Wal-Mart itself has not produced the same results in different countries. With Wal-Mart's investments outside North America having mixed results its operations in the United Kingdom, South America and China have been highly successful, while it was forced to pull out of Germany and South Korea when ventures there were unsuccessful. As Wal-Mart grew rapidly into the world's largest corporation, many critics worried about the effect of its......

Words: 2569 - Pages: 11

Wal-Mart

...Wal-Mart Wal-Mart is the largest retail store in the United States, and is larger than any other retail chain in the world. Currently Wal-Mart operates over 4,150 retail facilities globally. Also, the company is the dominant retail store in Canada, Mexico, and the United Kingdom. According to the Fortune 500 index of the wealthiest and most powerful corporations in the world, Wal-Mart holds the number one spot, ranked by its total sales. The company is ranked as the second most admired company in the world by Fortune. Wal-Mart provides general merchandise: family apparel, health & beauty aids, household needs, electronics, toys, fabrics, crafts, lawn & garden, jewelry and shoes. Also, the company runs a pharmacy department, Tire & Lube Express, and Photo processing center as well. When Sam Walton created Wal-Mart in 1962, he declared that three policy goals would define his business: respect for the individual, service to customers, and striving for excellence. Wal-Mart's corporate management strategy involves selling high quality and brand name products at the lowest price. In order to keep low prices, the company reduces costs by the use of advanced electronic technology and warehousing. It also negotiates deals for merchandise directly from manufacturers, eliminating the middleman. There are several areas of concern for Wal-Mart. But an area that has caused restriction for their growth is the community relations' problems. Complaints mainly arise from......

Words: 601 - Pages: 3

Wal-Mart

...1.0 Introduction Wal-Mart Stores, Inc. began in the year of 1962 and its founder is Sam Walton. Till now, Wal-Mart is so successful because its founder, Walton emphasized on the customer satisfaction and hard work. This creates a value on Wal-Mart. It is indeed popular in American business of its low prices and it is one of the world’s largest public corporations. Hence, it has to be more careful while handling the relationships between different stakeholders. Wal-Mart is reported to be able saving the average family of $3200 annually. However, the company has received many critics on the issues of its treatment towards its employees, suppliers and economic impacts on communities. Many stand out to say that Wal-Mart is engaged in immoral issues in order to provide low prices. This case attempts to show us about the controversy of both the positive and negative impacts on the society due to Wal-Mart’s low pricing. It involves various stakeholders here in the case, such as competitors, suppliers, and employees. In addition, some ethical issues such as the discrimination, illegal immigration issues, and leadership misconduct are brought out to discuss. 2.0 Wal-Mart’s Stakeholders relationship 2.1 Competitors Stakeholders Problem: Wal-Mart used predatory pricing which causes other companies out of business. This is because they work on volume. They can give greater discount than any other competitors can afford and yet still make a profit. There is lawsuit in Germany in...

Words: 3508 - Pages: 15

Wal-Mart

...“The Wal-mart effect” Written by: William S. Kowinski Business journalist Charles Fishman begins his book with a disarming story of how Wal-Mart produced an environmental benefit when the company decided that paperboard boxes around cans of deodorant were unnecessary. So they disappeared -- not only from Wal-Mart but from everywhere -- thereby saving many trees. But the reason Wal-Mart did this, and the reason everyone else followed, he argues, are also the key factors in a new kind and extent of destruction. These factors cause the various manifestations of the Wal-Mart effect, which is the subject of Fishman's book. The first factor is the company's single operating principle, administered absolutely, without exception: always low prices. It is not only Wal-Mart's slogan but also its one commandment, its ultimate morality, trumping all other considerations. The second factor is Wal-Mart's unprecedented size. "For most of this decade, Wal-Mart has been both the largest company in the world, and the largest company in the history of the world," Fishman writes. It still would be in 2006 except that the doubling of oil prices places Exxon-Mobil in the top spot. But Wal-Mart is still America's largest private employer -- as well as the world's. And its stated goal is to be twice its current size by 2010. Ninety percent of Americans live within 15 miles of a Wal-Mart, and 93 percent of U.S. households shop at one at least once a year. Fishman concludes: "Wal-Mart......

Words: 1231 - Pages: 5

Wal-Mart

...Wal MartWal-Mart opened its first super store in Shanghai China, in 2005. By using the same tactics that is used within the United States, offering numerous items at low prices, China was still the ideal location for Wal MartWal-Mart to continue to thrive within the foreign market. Wal MartWal-Mart quickly started gaining the trust of the local government and local officials in order to expand quickly. By using local venture partners, Wal MartWal-Mart was able to bypass the government’s opposition to foreign businesses opening. Wal MartWal-Mart further was able to gain the trust of the local government byut allowing the All China Federation of Trade Unions (ACFTU) to operate within it’s stores in the countryover there, something that here within the United States Wal MartWal-Mart does not allow. Being able to offer China’s exports within its it’s own country, Wal MartWal-Mart is able to save money from the exporting and importing fees that are normally associated with its’s super centersupercenters, t. Thus creating a substantial gain in its earnings. Comparing China to the United States, the per capita is allowing Wal MartWal-Mart to draw the conclusion that it will be as equal to the United States when it comes to the success that it hopes achieves. II. Questions & Answers 1. What were some of the reasons behind Wal-Mart’s entry into the Chinese retail market? 2. Answer. The company needed to grow. With the huge success Wal-Mart had within......

Words: 1182 - Pages: 5

Wal-Mart

...Understanding that there was not much differentiation of product in the retail industry, Wal-Mart founder Sam Walton aimed to achieve a competitive advantage by reducing costs at all levels, leading to lower prices for the consumer. Wal-Mart’s culture driven cost policy was and continues to be a valuable, inimitable and scarce resource that is embedded in the retailer’s routine activity. However, it is only through Wal-Mart’s technological innovations that the company is able to take full advantage of this unique resource. To be sure, Wal-Mart has “gained competitive advantages – despite the unattractive, high threat, low opportunity environments within which [it] operate[s]” (Barney, pg. 50). A closer look at the SWOT analysis, along with a rigorous breakdown of its internal value chain will help us understand how Wal-Mart, in only 40 years, has become the premier shop in its industry. Initially, Wal-Mart focused extensively on reducing costs, keeping wages and operating expenses down to bare minimums. Knowing these cost cutting efforts would follow Schumpeterian ideals and that competitors would eventually catch on, Wal-Mart strove for long-lived competitive advantages (Ricardian profits) and began to invest heavily in technology to help keep its costs below the industry average. To enhance operations, Wal-Mart developed “Retail Link” to provide its suppliers real-time computer access to point-of-sale data, helping to manage and coordinate the quantity and assortment......

Words: 1398 - Pages: 6

Wal-Mart

...Wal-Mart MKTG305-06 Marketing Management Abstract Wal-Mart is a Fortune 500 international country with 5,651 stores in 26 countries. Wal-Mart is located in different countries, possibly under a different name. This paper will discuss the four Ps of marketing and any differences observed in making this company international. Wal-Mart Wal-Mart is a Fortune 500 international business. Wal-Mart employs 780,000 associates in 5,651 stores in 26 countries. The main corporate office of Wal-Mart is in Bentonville, Arkansas. Wal-Mart first opened in Rogers, Ark in 1962. The idea of discount retailing was not new, but Sam Walton, the founder, wanted a new type of store. To only name four countries in which Wal-Mart stores can be found Argentina, Honduras, South Africa, and Swaziland, but they may be seen under a different name in each country. In Argentina, Wal-Mart may be known as Changomas. In Honduras, Wal-Mart may be seen as Centroamérica. In South Africa, Wal-Mart may be seen as Massmart. In Swaziland, Wal-Mart may be seen as Massmart (Wal-Mart, 2012). The Four P Components of the Marketing Mix were Product, Place, Promotion, and Price. The product is the items or services the company sales. The place is the location of the company. The promotion is the ads used to sale the products or service to the customers. The price is the amount of money that the customers are willing to pay for the product or service while the company can still make money. The Evolution...

Words: 1264 - Pages: 6