Walmart and Information Technology

In: Business and Management

Submitted By 1311611
Words 873
Pages 4
-------------------------------------------------
Management Information System CIA
Report on Walmart’s use of Information Technology Dhananjay Singh 1311611

Walmart’s Supply Chain
For Walmart, the major business initiative being used is Supply Chain Management. A supply chain management system is an IT system that supports activities by automating the tracking of inventory and information among business processes and across companies. Wal-Mart is to ensure that all their suppliers are using Electronic Product Codes and for those who do not have the capability they work with them to find packages that are within their price range. This allows for a successful ensuring that customers get what they order in a timely manner. It allows for logistics, fulfilment, production, revenue and profit, cost and price efficiency
Riding a rising six-year trend,Walmart reported grosses of $486 billion in the fiscal year that ended in January 2015, an increase of almost $10 billion from fiscal 2014. That's up from $408 billion over the past five years, according to The Wall Street Journal’s Market Watch.
That income was generated by more than 4,500 stores in the U.S. alone, and fed by a sprawling supply chain, which moved from No. 14 to No. 13 on research and analyst company Gartner's annual ranking.
Walmart’s inventory management funnels information from stores such as point-of-sale data, warehouse inventory and real-time sales into a centralized database. The data is shared with suppliers who know when to ship more products.
Supply chain integration connects the flow of work and information among all links in the supply chain to maximize efficiencies.
For Walmart, its SCM methods yield lower costs for products and inventory, better control over selection in its stores and the ultimate result of…...

Similar Documents

Information Technology

...organizations do managers need to know about to build and use information systems successfully? What is the impact of information systems on organizations? Define an organization and compare the technical definition of organizations with the behavioral definition. Students can make use of Figures 3–2 and Figure 3–3 in answering this question. The technical definition defines an organization as a stable, formal social structure that takes resources from the environment and processes them to produce outputs. This definition of an organization focuses on three elements: Capital, labor, and production and products for consumption. The technical definition also implies that organizations are more stable than an informal group, are formal legal entities, and are social structures. The behavioral definition states that an organization is a collection of rights, privileges, obligations, and responsibilities that are delicately balanced over a period of time through conflict and conflict resolution. This definition highlights the people within the organization, their ways of working, and their relationships. The technical definition shows us how a firm combines capital, labor, and information technology. The behavioral definition examines how information technology impacts the inner workings of the organization. Identify and describe the features of organizations that help explain differences in organizations’ use of information systems. Common features for organizations include: ......

Words: 2798 - Pages: 12

Technology in Walmart

...Wal-Mart uses technology to improve productivity, communicate more efficiently and track customers and goods daily. In fact, most of the success relies on technology for almost every aspect of their business. Although there are many types of technology available, going digital doesn't have to intimidate business owners. It can all be broken down into understandable chunks of functionality. Wal-Mart systems keep track of every item in their inventory, ensuring they do not run out of stock or order too much. When new inventory arrives, the system is updated to reflect the additions and when it is sold, it is deducted from the totals. Wireless devices are now capable of doing everything from making a phone or talking over a “walkie-talkie” to using the Internet or company network to run applications and send memos. Wireless technology is quickly evolving, with products like the iPad and Blackberry taking the place of paper and writing utensils, distributing information immediately from any location where a signal is available. While new technology can empower employees in ways that were never even dreamed of five years ago, it's important to remember that most new software and equipment requires some sort of a learning curve and adjustment period during which productivity will not be at its peak.  Planning for any necessary training to accompany the introduction of new technology or software to ease the pain of newness and to allow productivity improvements to be attained in the...

Words: 268 - Pages: 2

Information Technology

...Advances in Information Technology BIS 220 DATE Information technology has made an astounding measure of advancements in the last few decades. Information technology has become a large part of our daily lives from educational uses to entertainment and communication. With the continued advances in technology, new ethical issues arose and created a need for new laws and regulations. The following paper will discuss two separate acts, the Health Insurance Portability and Accountability Act (HIPAA) and the Children’s Internet Protection Act (CIPA). Health information technology (IT) is a frequently used system that has improved the quality of health care while preventing medical errors, decreasing paperwork, and reducing healthcare cost just to name a few important aspects. “It is imperative that the privacy and security of electronic health information be ensured as this information is maintained and transmitted electronically” (U.S. Department of Health and Human Services, 1996). Health IT includes the use of computer software to store important health information for patients and gives the ability to share within a secure system. The importance of protection and laws was necessary with this new form of technology because of the ethical issue of possibly placing personal health information into the wrong hands. HIPAA was enacted in 1996 by Congress to ensure security and privacy of patient’s health information because of the new advances in health......

Words: 679 - Pages: 3

Information Technology

...Information Technology This report provides an analysis and evaluation of information technology tools available to help support our business. The purpose of this plan is to set the foundation for our information technology department regrading marketing, accounting, sales, and quality assurance. This report will also cover and evaluate technologies that have emerged in the last five years and consider there potential impact on the business and also determine whether or not these technologies will be adopted. Communication Communication is one of the key elements when conducting business. This is because in order to run a successful business one must be in constant contact with customers and service providers. Technology such as VoIP (voice of internet protocol) makes this possible, VoIP may be the single most important thing that should be integrated into our business this technology allows for long distance calls, the sending and receiving of information, documents, capable of happening on a global level and is the most efficient way to conduct business transactions and communications. Most importantly however it is cheap, between the efficiency and finical savings this technology allows it is my recommendation that this technology should be adopted. One of the biggest advantages of integrating new technology into our business is the finical savings it affords us. This will allows tasks that once took sizable amounts of time and money to be completed with a touch......

Words: 969 - Pages: 4

Information Technology

...Question 1: From an analytical prospective, explain how information systems relate to the way Zara runs its business. What types of systems are the most essential for this company in its current environment? In this new era of globalization, the using of technology has been very common and can be conclude as part of human’s life. In order to survive in today’s challenging business world, every organization has to be confronted with highly competitive pressure to bring out more effectiveness and efficiency when running a business. This case study is about Zara, large international fashion company which known as one of the survivors by successfully overcome the business pressure by implementing new technology system. Zara is known as one of the largest international fashion companies which belong to Inditex, one of the world’s largest distribution groups. This clothing retail group headquartered their first store which located at La Coruna, Spain. By having 531 stores located in 45 countries, Zara carry out their business model by using information system to generate design, production and distribution service through retail network. From production till distribution, Zara choose to manage the entire process by itself because they believe is more efficient and profitable by doing so. It also helps Zara to penetrate fashion trend faster compare to other competitors. Today, Zara works towards their mission by contribute to the sustainable development of society and that of...

Words: 2045 - Pages: 9

Information Technology

...* The information technology infrastructure provides the foundation, or platform, on which the firm can build its specific information systems. IT infrastructure is composed of hardware, software, data management technology, networking technology, and technology services. 1- Computer hardware consists of technology for computer processing, data storage, input, and output, this component has many examples but mainly it includes large mainframes, servers, midrange computers, desktop and laptop computers. 2- Computer software includes both system software and application software. System software: manages the resources and activities of the computer. Application software: applies the computer to a specific task for an end user, such as processing an order or generating a mailing list. 3- Data management software organizes, manages, and processes business data concerned with inventory, customers, and vendors. Chapter 5 describes data management software in detail. 4- Networking and telecommunications technology provides data, voice, and video connectivity to employees, customers, and suppliers. 5- The information systems department is responsible for maintaining the hardware, software, data storage, and networks that comprise the firm’s IT infrastructure. * First, Capacity planning means the process of predicting when a computer hardware system becomes saturated, and the reason why managers have to pay more attentions to capacity planning......

Words: 418 - Pages: 2

Information Technology

...Information technology (IT) is the application of computers and telecommunications equipment to store, retrieve, transmit and manipulate data,[1] often in the context of a business or other enterprise.[2] The term is commonly used as a synonym for computers and computer networks, but it also encompasses other information distribution technologies such as television and telephones. Several industries are associated with information technology, such as computer hardware, software, electronics, semiconductors, internet, telecom equipment, e-commerce and computer services.[3][a] In a business context, the Information Technology Association of America has defined information technology as "the study, design, development, application, implementation, support or management of computer-based information systems".[5] The responsibilities of those working in the field include network administration, software development and installation, and the planning and management of an organization's technology life cycle, by which hardware and software is maintained, upgraded and replaced. Humans have been storing, retrieving, manipulating and communicating information since the Sumerians in Mesopotamia developed writing in about 3000 BC,[6] but the term information technology in its modern sense first appeared in a 1958 article published in the Harvard Business Review; authors Harold J. Leavitt and Thomas L. Whisler commented that "the new technology does not yet have a single established......

Words: 299 - Pages: 2

Information Technology

...Our age is known as the age of Information Technology. Information Technology with its superhighway has not only revolutionised man’s way of working but also his very existence. IT (Information Technology) revolution is sweeping our civilization bringing about unfathomable changes in our present-day civilization. Twenty first century belongs to the IT world. The term ‘Information Technology’ or simply known as IT is a generic name given to all improvements that are taking place in our world due to the inter-linked advancement in technology, learning, and information. The term refers to recent technological developments that are taking place in our world as a result of better technology, due to better information. It consists of a number of allied modern advancements such as, computer, Internet, websites, surfing, E-mail, E-commerce. E-governance, Video- conference, cellular phones, paging, fax machines, smart cards, credit cards, ATM cards etc. All these have been possible due to the advancement in information gathering technique or system which is known as ‘Information Superhighway’ which, like a highway, opens us to a world of technology and information full of immense possibilities. Two essential components of IT revolution have been the development of computer and internet. These two developments have revolutionised modern civilization. Today at the press of a button we can get any information that we want from anywhere in the world in a fraction of a second, sitting......

Words: 571 - Pages: 3

Information Technology

...Urdaneta City University S.Y. 2014-2015 Student Experiences with Information Technology and their Relationship to Other Aspects of Student Engagement RESEARCH PAPER PRESENTED BY: EDISON G. MILLET MR. RYAN JASON DELOS REYES WRITING IN DISCIPLINE ENGLISH INSTRUCTOR BACHELOR OF SCIENCE IN INFORMATION TECHNOLOGY INTRODUCTION In education, student engagement refers to the degree of attention, curiosity, interest, optimism, and passion that students show when they are learning or being taught, which extends to the level of motivation they have to learn and progress in their education. Generally speaking, the concept of “student engagement” is predicated on the belief that learning improves when students are inquisitive, interested, or inspired, and that learning tends to suffer when students are bored, dispassionate, disaffected, or otherwise “disengaged.” Stronger student engagement or improved student engagement are common instructional objectives expressed by educators. In education, the term student engagement has grown in popularity in recent decades, most likely resulting from an increased understanding of the role that certain intellectual, emotional, behavioral, physical, and social factors play in the learning process. For example, a wide variety of research studies on learning have revealed connections between so-called “non-cognitive factors” or “non-cognitive skills” (e.g., motivation, interest, curiosity, responsibility, determination, perseverance,......

Words: 1777 - Pages: 8

Information Technology

...Information Technology Name American Intercontinental University Information Technology (IT) and its effects Information Technology can be described as the use of computers and telecommunication devices in organizations for storage, retrieval and sending of data and information. In the past two decades, advancements in technology have been through the internet and the use of the World Wide Web, among other IT innovation such as advancement in computers. The IT innovations are important as they have assisted organizations in processing and storing as well as exchanging appropriate information for decision making and competitive advantages. In the field of business, potential customers use the internet and World Wide Web to look for company information, and product news since companies started to use internet to advertise their products. Through the Internet, business information is present across the globe and the Web has two main advantages. The first is that it offers convenience where people can communicate and complete transaction from different locations. The second advantage is that it provides information. There is a lot of information concerning companies, their products, as well as competitors and the information is also of high quality, and readily available. The main innovation of IT advancements is that the world has become a global village with easy access and exchange of information. But on the other hand, some individuals and organizations have......

Words: 885 - Pages: 4

Walmart- Information Technology

...Walmart - Information Technology Rachel Thorne Fundamentals of Supply Chain Management BUS 3022 Gordon Flanders Walmart Information Management System (IMS) Walmart is a retail giant. Just about everyone in America has purchased something from them. It is a one stop shop for anything that a person could ever need. Walmart stores can be found just about anywhere, in fact most people are less than an hour drive away from a Walmart store. Walmart’s success has put many companies out of business. The chains success is primarily from low prices and using an information technology system to meet customer demands giving them a competitive advantage. Walmart’s first major use of information technology came in 1975 when the company leased an IBM computer system to track inventory in warehouses and distribution centers. (Wailgum, 2007) Computers have come a very long way since this time and are used almost everywhere. But in 1975 this was cutting edge technology and gave Walmart the competitive advantage over other retailers. Another thing that Walmart used to be revolutionary in their supply chain was the use of scanning barcodes in 1983. (Wailgum, 2007) Before barcodes objects had to be read by a skilled cashier. With barcodes all that was needed was a quick scan and the computer would do all the work. This greatly sped up checkout time and made tracking inventory and data collection much faster and easier for both customers and the employees. Since this time it...

Words: 1106 - Pages: 5

Information Technology

...Information technology From Wikipedia, the free encyclopedia "IT" redirects here. For other uses, see It (disambiguation). Information science General aspects Information access · Information architecture Information management Information retrieval Information seeking · Information society Knowledge organization · Ontology · Taxonomy Philosophy of information Science, technology and society Related fields and sub-fields Bibliometrics · Categorization Censorship · Classification Computer data storage · Cultural studies Data modeling · Informatics Information technology Intellectual freedom Intellectual property · Memory Library and information science Preservation · Privacy Quantum information science Portal icon Information science portal v t e Information technology (IT) is the application of computers and telecommunications equipment to store, retrieve, transmit and manipulate data,[1] often in the context of a business or other enterprise.[2] The term is commonly used as a synonym for computers and computer networks, but it also encompasses other information distribution technologies such as television and telephones. Several industries are associated with information technology, including computer hardware, software, electronics, semiconductors, internet, telecom equipment, engineering, healthcare, e-commerce and computer services.[3][a] Humans have been storing, retrieving, manipulating and communicating information since the Sumerians in......

Words: 3183 - Pages: 13

Information Technology

...OPERATIONS AND PROJECT MANAGEMENT OPERATIONS AND PROJECT MANAGEMENT OPERATIONS AND PROJECT MANAGEMENT OPERATIONS AND PROJECT MANAGEMENT OPERATIONS AND PROJECT MANAGEMENT www.ibscdc.org 1 Efficient Project Management at TransWorks Information Services Pvt. Ltd., an Indian-based BPO Company This is a real life case taken from a service industry; it discusses the real life problem faced by a BPO Company. It focusess on the problems faced by the calling agents and the management as a whole, many a times it so happens that the management perceives a problem in a different angle and the solution eludes them; this causes a lot of frustration on the part of employees and management resulting in mass attrition. The real concern today for any call centre company is its high attrition rate; the basic reason being the discord between the management and the employee. The employees look out for a congenial and empathetic management and shift to the other competing companies when offered a good work environment. This case study throws light on one such aspect where a mass attrition was avoided by the top management by strategic and lateral thinking. Pedagogical Objectives • How a manager dealt with such a challenging project with support of his team of 14 fresh trainees • How he managed to save the project and bring about some wonderful changes to glide through the difficult times • How innovation and teamwork can change things for an organisation. Industry Reference No. Year of...

Words: 6098 - Pages: 25

Information Technology

...nformation Technology for Management Transforming Organizations in the Digital Economy International Student Version EFRAIM TURBAN, University of Hawaii at Manoa LINDA V O L O N I N O , Canisius College with contributions by: CAROL POLLARD, Appalachian State University . JANICE C. SIPIOR, Villanova University DOROTHY LEIDNER, Baylor University LINDA LAI, Macau Polytechnic University of China CHRISTY CHEUNG, Hong Kong Baptist University DEBORRAH CRISTOBAL, University of Santo Tomas, Philippines WILEY & Sons, Inc. CONTENTS 4 Networks and Collaboration as Business Solutions 112 I IT Supports Organizational Performance in Turbulent Business Environments 1 Toyota Scion's Innovative Advertising Strategies 2 1.1 Doing Business in the Digital Economy 4 1.2 Information Systems and Information Technology 11 1.3 Business Performance Management, Business Pressures, Organizational Responses, and IT Support 13 1.4 Strategy for Competitive Advantage and IT Support 18 1.5 Social Computing and Networking and Virtual Worlds 25 1.6 Why Should You Learn About Information Technology? 29 1.7 Plan of the Book 30 1.8 Managerial Issues 31 Minicase: NHS Hospitals Adopt Wireless 35 G Information Technologies: Concepts, Types, and IT Support 38 Mary Kay's IT Systems 39 2.1 Information Systems: Concepts and Definitions 41 2.2 Classification and Types of Information Systems 42 2.3 How IT Supports People 52 2.4 How IT Supports Supply Chains and...

Words: 1585 - Pages: 7

Information Technology

...nformation technology is a wide field, and has enabled organizations across the world to work in an efficient manner. It plays a very important role in effective management and running of a business. The use of IT in organizations is inevitable, be it any type of company like manufacturing or medicinal sector. It has contributed largely to the process advancements in organizations. Basic Elements of Information Technology Software and Applications Software is an important part of information technology which relates to computer applications that enable a company to generate, store, program, and retrieve data as and when needed. There are many software developed for different purposes. All operations in the business sector are carried out by software that are assigned for executing specific tasks. Without these computer applications the businesses wouldn't have been able to carry out their functions in a proper and efficient manner. Operating systems, ERPs, special purpose applications, and web browsers are some examples of different software. There are some software which are exclusively built to contribute to the proper collaborative working of all sections of the businesses, which are known as Enterprise Resource Planning (ERP). These are complex applications which enable people to efficiently manage all functions and operations of all processes in the businesses. Hardware Devices These are various computer equipment that house the software. Devices like......

Words: 2695 - Pages: 11