ECO 211 Lecture Notes - Lecture 10: Organizational Culture, Swot Analysis, Electronic Data Interchange

• School: University of Miami
• Department: Economics
• Course: ECO 211
• Professor: Lorca Maria

Document Summary

Key benefits to bar codes in retail supply chain: 1. Warehouse and distribution cost savings of between 25 30: 2. Accuracy and ability to handle more data: 3. Advantages and disadvantages od rfid technology: rfid = radio frequency identification, advantages, tag can be read out of the line of sight, accuracy is consistent, regardless of where the chip is, disadvantages, cost. Supply chain management = a set of techniques that a company employs to integrate everybody: benefits to consumers, tailored assortments, reduced stock outs, benefits to retailers, greater sales, lower costs, higher inventory turnover, lower markdowns. Purchased data collected at point of sale. Typically in analyzed: edi = electronic data interchange. Computers from the vendor talking to computers from the retailer: security concerns, authentication (are you who you say you are?, authorization (do you have the right to be here?, integrity (does the data change before it arrives?)