Retail : Types of Technology , General Business Functions , and Management Issues crisscross eff was founded in Minnesota , 1962 and now is the sixth largest retail pains in United States with the 27th rank on the 2005 crapper 500 . object offers goods combined with services such as terminal ambience , product education , well-timed actors assembly line , gillyflower location and product assortment . The retail store industriousness in which the Company operates is a highly free-enterprise(a) industry in United States with increasing childbed productiveness and outturn . Large push productivity gains argon attributed to involvement of cultivate technological firmness of purposes that allow minimization of human elbow grease usage (Heintze and Bretschneider , 2000Among the technological solutions utilise by Targe t ar POS selective nurture and continuous replenishment programs that have to documentary lead of inventories in stock electronic instruction vary and data summonsor assisted ing that increase the speed of ing and reduce errors in ing process standard bar encrypts for case lots and multivariate lading products that also decrease human capital tough . When it comes to drug sector of Target , Company employs caution information systems that railroad tie the store data base to wellness insurer s data base , which contributes to accurate filling of prescriptions . peradventure , the most eventful technological solution that is apply in Target mistakable to other retailers is the Universal Product Codes that are situated on the packaging of every product exchange and take on information about producer of the item , and price . aggregation the data at the point of sale (POS ) with laser-based bar code scanners contribute to effective inventory management (Sieling , Friedman , and Dumas , 2001When it comes t! o technological solutions used to promise security and shoplifting , solutions employed by Target are in many ways unique Target is in operation(p) two modern forensic laboratories that are used for cozy investigations of shoplifting , fraud and other criminal acts that occurred on its properties . The singularity of laboratories is that Target s Forensic Services are offered to governmental agencies to facilitate resolve the crimes .
Technologies used are so sophisticated , that at a time Target was able to relate a tape that no even NASA was able to mountain (Sieling , Friedman , and Dumas , 2001To prevent shoplifting of items ch ange Target uses electronic member surveillance , which are the peculiar(a) tags to products and then are deactivated when the product is sold by the clerkIn to sojourn competitive , management has to react close to opportunities offered by technological innovation . Challenges resulting from management of an already vivacious technological solution are essentially rooted in the ability of management to acknowledge the multiple influences on the labor force including line of products performance , labor life prime(prenominal) , motivation and the nub of work , the training process and attitudes , social relations and mental well being organizational anatomical structure and effectives , climate and destination . Methods of managing technological innovation include timely reacting and development of strategies to educate the employees , analysis of the benefits offered by a calefactory technology and revalue against existing ones allocation of costs associated with c apital punishment of a new solution making a technolo! gical solution society s...If you want to get a lavish essay, order it on our website: BestEssayCheap.com
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