Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Management Expert

100+ word response to each student (2). Response must be positive and not critical of work. Must ask a question about the topic as well.

Main Question for reference:

Discuss the advances in technology such as EDI, RFID, and the Internet within the intermodal industry as well as how these technologies are beneficial to retail customers using intermodal transportation to get their product to market. Give sources to back up your position.

Student 1:

HI Class,

Today's industries are being dominated in all facets by that of technology. Technology is the new "in thing" and for businesses to compete consistently on a high level with its competitors, being equipped with the latest and most up to date gadgets is the way to go. The intermodal industry is no different. Technological advances such as EDI (Electronic Data Interchange), RFID (Radio Frequency Identification) and even the world wide web are valuable tools that organizations in this industry should become familiar with if they have not done so already.

EDI is achieved via computer to computer. It pretty much removes the need for manual handling and or processing of documents or any information being transmitted and received. I am from the old school and I can remember back in the day when my mom would order all of the Christmas gifts for myself and siblings from a big thick catalog. She would fill out the order form and mail it in along with a check and wait weeks and weeks before the items would show up. That process was just plain out slow and invites errors. Well with the help of EDI, no one should have to suffer from such pain and anguish associated with that procedure any longer. Retail customers' benefits from EDI because it reduces ordering and processing times as well as the dreaded fat finger error.

RFID tags are bar codes on steroids. These tags communicate to a network and are used for tracking purposes. The intermodal industry normally uses RFID tags to track containers from point A to point B and passes this information along to consumer and commercial customers. This tracking information is also passed on to the other modes of travel that are involved in the transporting process. With the help of RFID tags, manufacturers would be able to track their products from the production line all the way to the retail store and even up to when a customer has purchased that particular product. It has been said that in the near distant future consumers will be allowed to go to an Amazon or a Walmart store to do their shopping and would be able to walk right out of the store without having to stop at a cash register to check out. This would all be done and accomplished through the use of RFID tags. I don't know about you but that is scary to me. Technology as I previously mentioned is the new "in thing." Either you're all aboard or you'll be overboard and left behind.

Student2:

EDI or Electronic Data Interchange, is basically where documents meets a computer as opposed to physically filing away a piece of paper(s). Electronic Data Interchange according to Roger Clarke is, "the exchange of documents in standardized electronic form, between organizations, in an automated manner, directly from a computer application in one organization to an application in another." (Clarke, 2001.) Despite this article dating back to 2001, it is very prevalent in a greater part of the business that exist. Currently where I work everything is filed physically, meaning there are physical copies of receipts, contracts, etc.  as opposed to making this information accessible through the internet or a shared network.

RFID or Radio Frequency Identification utilize tags to "track assets, manage inventory and authorize payments, and they increasingly serve as electronic keys for everything from autos to secure facilities." (Brewin, 2002.) The tags being utilized tracks data which is then captured by a reader unit, and the better half of these RFID's are a "write once/read-only." (Brewin, 2002.) For most business owners, Radio Frequency Identification assists in managing their inventory instead of your traditional barcode system that usually requires a direct line of vision in order for that product to be checked.

Despite these two sources being 15 years old, they are still relevant to today's processes. They both bring their own advantages to those who have a hand in retail, and since the introduction of the internet and all it's innovations, supply management has never been more simpler.

References:

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M92340390
  • Price:- $20

Priced at Now at $20, Verified Solution

Have any Question?


Related Questions in Business Management

Hello dears can you please help me in these questions

Hello dears, can you please help me in these questions in  INTEGRATED ENTERPRISE SYSTEMS ERB subjec t? please by your own words .. Q1. Why functional organizational structure and business processes are at odds with each ...

What are some of the potential advantages of teaming up

What are some of the potential advantages of teaming up millennials with baby boomers?

Why might teams composed of millennials and baby boomers

Why might teams composed of millennial's and baby boomers benefit from having moderate levels of group cohesiveness?

Mary kate is a project manager in the it department for a

Mary Kate is a project manager in the IT department for a university. She has been asked to manage a project to create faculty intranet. The university has multiple campuses in various locations, and professors and other ...

Do you all see health care leadership being only as

Do you all see health care leadership being only as effective as the peripheral support offered to help maintain this elevated level of results? Do you all envision that top level management must be a bit "intrusive" int ...

What are information silos what are the problems caused by

What are information silos? What are the problems caused by information silos? How organizations can solve the problems caused by information silos?

With respect to your use of the internet what is an example

With respect to your use of the Internet, what is an example of an exposure? An uncertainty? A missed opportunity?

Do you think that compensatory justice provides a

Do you think that compensatory justice provides a sufficient rationale for affirmative action programs in hiring or college admissions?

What type of data values are quantitative and the number of

What type of data values are quantitative and the number of values is finite or countable?

How might leaders compromised by ethical scandals rebound

How might leaders compromised by ethical scandals rebound and redeem themselves to followers? What type of actions by organizations tend to create negative responses? What organizations have you seen act in these ways? D ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As