I am taking a class at MTSU for my MBA called Operation Management. In this class we talk mostly about manufacturing companies, but every once in a while we get to talk about retail and service businesses. Recently we were talking about Wal-Mart and how they are looking to use Radio Frequency IDentification (RFID) technology to help with their inventory control and make things more convenient for consumers. Basically a RFID chip emits a signal to a reader which can be used for different purposes
RFID technology is used in many different ways. Here are a couple websites that talk about some of its uses:
The reason I write about this is because I had a business idea a while back that would use blue tooth technology to help consumers and retailers. As you go through a store putting things in a cart the blue tooth would be able to calculate how much you are going to spend right in front of you. Then as you check out you do not have to go through a checkout line. You just swipe your card and go. It would make things so much easier. this is exactly what Wal-Mart is trying to do. They want to use it for inventory counting, distributing, and consumer ease. However, they are using the RFID chips instead of using blue tooth. It is much cheaper. I guess that is why they are the worlds largest retailer...and I am not!
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