Essay On Trader Joe's

The new digital era has empowered business and society in many aspects of our lives. The effect of this advancement on society is tremendous and are changing our leadership responsibilities whether in business, politics or schools. In today’s dynamic world, only few people have time to shop in traditional brick-and mortar stores. People choose to save their time and so, they prefer shopping online at their convenient time. If goods are made available online at cheap cost with discounted price, it will be convenient for customers to shop and the business for food industry will increase.

Trader Joe’s business started from 1958 with a small convenience store called Pronto Market. In 1967, the founder changed named to Trader Joe’s. They started

There are around 474 stores in all over United States where Trader Joe’s sell the products that they manufacture under their brand name. About 80% of the products are produced by Trader Joe’s themselves ensuring great quality and cheaper cost because no third-party vendors are involved to charge more price.

i) Problems faced by Business Owner

Since Trader Joe’s have more than 400 stores in all over United States, they do not have web portal or mobile application where their customers’ can buy grocery online. So, with mobile application and web portal, owner will be able to display all their products in proper category. Also, the back-up will be done periodically which ensures that no data will be lost. The overall cost of developing an application and web portal can be reduced by developing them on the cloud. ii) Technologies

a) Big Data and Knowledge Management

With big data, the value from the data can be extracted by predictive analytics. To analysis and monitories, the massive big data is tedious job. If it is not analyzed periodically, it can lead to stock shortfalls which might result in misguided marketing. The more accurate data, the more confident decision making and better decisions means great efficiency and low

The solution to this problem is to move the application and their data to the servers running in a mobile cloud. SaaS can be used for mobile cloud computing as the data is being moved off the client onto a cloud server.

With PaaS, application and website can be developed, tested and delivered. The infrastructure of servers, storage, network and database are taken care in this service.

c) Mobile Computing and Mobile Commerce

Mobile Commerce involves buying and selling of products via handheld gadgets such as smart phones, tablets or laptops. It uses Wireless Application Protocol (WAP) technology. Mobile computing refers to devices that allow people to access information from wherever they are.

II. Business Requirement

In order to make offline business online, the company needs mobile application and web portal. The average required fees for developing web portal and mobile application will be $15,000.

The system needs to maintain the point of sale (POS) where the merchant will calculate amount owned by the customer, may prepare invoice for the customer and indicate the options for payment. A payment gateway is required which will provide a secure path from the customer to the payment system. The average cost for this will be