Provide an overview of the technology used as support in the retail industry.
Involves the introduction of new forms of distribution – and therefore new professional roles – and this phenomenon has marked the way the retail sector has developed on a global level, redefining the characteristics of competitiveness.
Directly related to production within the commercial sector, therefore involves any component within the supply chain that competes to provide distribution services.
Innovation and NIT
New information technology has changed the competitive balance on an intra-sector as well as inter-sector level, leading to new process innovation.
Point of Sale (POS) [payment system]
Scanner [reading of bar code]
Considers any company assets and liabilities that are liquid, or liquidizable within twelve months, part of working capital.
Only includes the resources necessary for balanced running of the operation (buying, transformation and selling).
Management of merchandise credit
To manage credit successfully, detailed procedures need to be in place as follows:
The loans procedure generally terminates as follows:
Electronic technology that allows for constant transfer of data relating to administration and also to commerce and markets.
The ready availability of up-to-date marketing information that the retail company obtains from its POS-EDI systems becomes in itself a merchandisable good which can be traded with industry. Manufacturing companies who wish to establish downstream links with operators in the supply chain, can use this kind of information to exploit their productive capacity, maximizing on economies of flexibility.
POS-EFT These systems connect POSs with the banking system so that funds can be transferred (Electronic Funds Transfer, EFT). With an EFT-POS system, when a customer wants to pay the POS carries out the following:
With RFID tags. By mobile phone with Near Fields Communication.
Increase in store loyalty
Shopping cards. Fidelity cards.
One of the technologies for automatic identification. Allows store to trace individual specific object.
Basic structural elements:
Types of TAG RFID
Read Only Microchips
“Read only” tags only store information that was inputted when they were created.
Tags whose information content can be modified over time, which means that a multiplicity of events that define a product’s history can be associated with it.