Hey if anyone is feeling ambitious enough do a little research on Wal-Mart’s radio frequency identification system it will add a little excitement to our otherwise dry presentation not to mention it may be the future of retail businesses someday.

Wal-Mart’s inventory management system is a highly complex electronic concept. This system uses technology in order to achieve the fastest up to date inventory system available. First inventory amounts are calculated and entered into a database which is the basis for the complex inventory management system. Every product that is distributed through Wal-Mart uses a universal product code otherwise known as a UPC tag or bar code. Contained in the UPC tag is certain information that will reveal characteristics of that particular product such as price, department, and what that product is. When the item is brought to the check out the item UPC code is scanned and immediately the inventory level is reduced by however many units of that product were purchased. Now, when inventory begins to diminish and reaches a certain number an alert is sent to the supplier as well as members of the management team issuing a restock on that particular item before a stock out occurs. Suppliers can check current inventories through Wal-Mart’s inventory database without having to even leave the office.

Hey just seeing if this thing is working right