How grocery retailing benefit by adopting RFID
Introduction
With the rapidly change of information technology, radio frequency identification (RFID) technology has been widely used in the business. This essay will briefly introduce the basic features of RFID, then explore how RFID technology impacts the grocery retailing and briefly analyzes its challenges of introducing RFID. Finally, a conclusion will be given.
Basic view of RFID
People tend to compare this emerging technology with barcode label. In fact, with an automatic features that increase the storage and speed of data collection, RFID technology is an improved alternative to barcodes. According to Ferrer, Dew, Apte (2010), RFID is a technology that can used to be identify objects automatically. The system consist of radio-emitting tags, readers, and a host computer
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However, it still has the potential to further enhance retailers’ competitive advantage in other areas, such as shop floor level and customer relationship management.
For customer relationship management, the issue of RFID-embedded customer card help retailer better monitor customers’ shopping behavior and provide personalized service for the patrons. According to Swedberg (2009), Retailer TOP Food & Drug, a food retail chain in Washington State, began using this card in 2008. Customer can trace their personal purchasing history and input their shopping list, while the company may have an in-depth understanding of customers’ preference and purchasing behavior, and better adjust their personalized marketing strategies. If RFID reader is installed in the entrance of the shop, when a patron with RFID card enter the shop, personalized promotion can be delivered to individual customers through multimedia (Jones et al., 2005). Therefore, the retailer can enrich customers’ shopping
Whenever I go to the grocery store, I am always hunting for what I need and because of this, I am seeing a lot of the items in the store. The idea is that you will see something you did not plan on buying and buy it as well. I found it funny to think about when this began that some people did not understand the concept and there were instructors to teach them. Also, employees were no longer to help the customer get their groceries as they filed through a single maze. Today, things have changed to open aisles and employees available to answer questions.
• Giving an orderly review of the current procedures for IDS, and the way in which these have been connected to IoT. • Exploring the future difficulties for IoT and the part that IDS can play. • Outlining the key zones where future research can enhance the utilization of IDS in IoT. Whatever is left of the paper is dealt with as takes after, Section 2 demonstrates the related works that have proposed the outline and overview about IDSs.
The art and craft of shoppers is no longer just running to the store to get some necessities. Shopping has evolved into much more than just a thirty-minute trip to the one local market in your area. Shoppers nowadays have more power in where they choose to spend and what they choose to buy. Because of this, the shoppers and companies have evolved with the expanding consumer pastime that is shopping. Anne Norton focuses on how retail companies have evolved in order to manipulate consumers into buying their product while Malcolm Gladwell uses a consultant, Paco Underhill, to explain how retail companies can analyze and influence human behavior in order to sell their goods; the combination of these articles creates a chess-like game between
In the article, “What to Eat,” by M. Nestle (2006), she analyzes some of the tactics used by many grocery stores to expose customers to the most merchandise as possible, in order to increase the store’s profits. Nestle has done an extensive investigation of the methods and research used to create the perfect grocery store layout, and how these methods affect consumers. To be specific, many grocery stores place the most common food departments in the back because it has the greatest flow of traffic, or the most common impulsively bought items in the front of the store where they can be seen when entering and exiting (Nestle 2006). Supermarket design is all about product selection and placement, shelf locations, and eye catching displays. Often, slotting fees help decide which products get better placement, because those products are paying for their spot in the store.
IPPE Introductory Assignment Please provide the following information for each of the following pharmacy settings: A. Explain the role of the pharmacist B. What are the advantages and disadvantages of each setting C. Do you see yourself working in that setting? Explain. 1. Retail/Independent Ownership A. A retail or independent pharmacist typically provides a person with general healthcare advice and has the authority to supply a prescription or a non-prescription medication to the public.
Considering using more technology inside Trader Joe’s would also speed up business inside Trader Joe’s. 5 – Conclusion This paper has revealed the most powerful and weak spots of Trader Joe’s. Supermarket industry is currently alive and competition between firms are very contentious.
Fundamentals of Information Systems Exam Assignment Table of Contents Statement 3 Introduction 3 Case Presentation 4 Theoretical Framework 4 Porter 's Five Competitive Forces Model 1. Degree of Competition 2. Threats of New Entrants 3. Threats of Substitute Products 4. The Bargaining Power of Customers 5.
Technology gives consumers unique access to information, while retailers must figure out how to get and use huge amounts of customer data which technology makes
The sector is witnessing a radical change as traditional retail markets are replacing with new formats such as discounts stores, departmental stores, hypermarkets, supermarkets etc. In this competitive environment the retailers are more forced to concentrate towards Customer service & their satisfaction. In retail stores, the customer service is includes like counter service, billing the products, offer explanation to customers, providing them coupons, explain the product
The authentication of Biometrics (i.e. the real authentication) which is used for identification and controlling the access which can be applied in the computer science. It is can be used in groups to identify the individuals under the surveillance. Biometric identifiers are used to labels the characteristics which can be measurable, the distinctive, and to describe the individuals. Biometric identifiers are being often categorized as behavioral versus physiological characteristics. Physiological are related to define the characteristics and the structure of the body.
In this era of globalization, the supermarket industry is one of the common investment sectors. It is also forming retail common categories of food products such as fresh and meats, poultry and seafood, fresh fruits and vegetables, canned and frozen foods as well as various dairy products. Investment in this industry can be profitable if succeed but bear in mind that risk still exists if monitoring process is not carried out. Therefore, Professor Michael E. Porter from Harvard Business School has introduced a tool for purposes of analysis potential industry which is the most profitable and potential. Porter stated that five forces are deciding an industry either beneficial at future or it will become a case study and commerce practice (Porter, M.E., 2008).
Consumerism intrudes with the workings of society by overthrowing the standard judgment wish for an adequate supply of life 's necessities, a steady family and solid associations with a manufactured continuous journey for things and the purchasing power with little respect for the genuine utility of the item purchased. In today’s World World, there is a high level of consumption which has been described as a major threat on sustainability. Even though consumerism has positive effects like motivating people to work harder in order to improve their social status and well being, it has adverse effects on the environment and the social aspect of life. Consumerism, according to the new Oxford English dictionary, means the preocccupation of society with the acquisition of consumer goods. Sustainablity, on the other hand, according to the ‘brudtland report’ was broadly defined as Development that meets the needs of the present without compromising the ability of future generations to meet their own needs.
Nowadays hospitality and tourism industry is one of the main industry in this world. A lot of people need a place to escape from their routines or even just to stay overnight as they having a business trip to other places. We call these people as customer or guest. Human mobility from one place to another , both in the country and from and abroad is very high. Human mobility is not only related to business activities but also recretional activities.
Since the beginning of the 1990’s, e-commerce has radically changed consumer behaviour by introducing new retail channels (Ngai and Gunasekaran, 2007). Serious attempts to trade online started to emerge in the mid-1990s wheninnovative, technically savvy companies responded to the opportunities and challenges posed by the internet, to develop sophisticated web sites to serve customers, in their homes (Rayport and Sviokla, 1994). The present retail environment is characterised by new, store and non- store, retailing formats, a wide range of new products, use of new information and communication technologies and consequently, the changing customer needs. Moreover, the dynamic lifestyle conditions of consumers has resulted a change in their personal environment that contributes to a profound change in customer behaviour (Schröder and Zaharia, 2008). Retailing in the 21st century means doing business with customers on their terms (Mathwicket al., 2002).
The RFID applications included attendance recording, to access the control, tea and coffee vending machine services and an e-purse, along with biometric security features of the organisations. Reliance Industries adopted this concept across the entire group of companies. Reliance Retail has made plans for using RFID to support its operations. The company has developed five RFID-deployment scenarios, including the tracking of reusable crates of fresh food; item- and case-level tracking of high-value goods; and pallet and case tagging of various