VMI Hardware and Software
Wal-Mart has one of the most highly touted and effective VMI systems the retail world has ever seen. By utilizing the latest hardware and software technologies, and implementing proven strategies and processes, Wal-Mart has managed to drastically lower its cost of inventory, and greatly increased supply chain optimization with its vendors. Wal-Mart’s success story in using VMI and EDI technology has not only helped its own operations, but also improved the efficiency among all of its vendors and business partners.There are many components that make up Wal-Mart’s successful VMI and EDI system. The costs of such systems can be astronomical because of both the hardware and software requirements. Computers, complex network equipment, Point of Sale (POS) systems, EDI software, bar codes, and even wireless and embedded Radio Frequency Identification (RFID) technology are amongst the many components that make up a VMI syste
VMI systems can help greatly reduce of the cost of maintaining unnecessary inventory, or let suppliers know that stock is low and to ship new items faster than traditional methods. Wal-Mart has taken a huge lead in implementing these advance systems, and has reaped great benefits by lowering overall costs, and increasing profitability. As more and more companies adopt Wal-Mart’s model of doing business, the VMI model will certainly become the future of buyer and supply chain management. m. The entry point of these types of systems is the computerized check outs or POS systems. When an item is purchased at a store and is scanned at the register, which can be a traditional POS, or a networked PC, it reads the barcode which tells the system what type of product it is, and then communicates this piece of information to a server or host. This data is then updated into the main inventory database, and in the case of Wal-Mart,
Some topics in this essay:
RFID RFID,
Keeping Unit,
Identification RFID,
,
VMI EDI,
Wal-Mart’s VMI,
Data Interchange,
Sale POS,
pos systems,
vmi edi,
vmi system,
vmi systems,
supply chain,
embedded radio,
hardware software,
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Approximate Word count = 628
Approximate Pages = 3 (250 words per page double spaced)
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