Modernization of Inventory Management Systems Term Paper

In fact, the very face of business has undergone great metamorphosis with the technology that has been applied to the labeling of merchandise. Labeling whether for the purpose of fighting shoplifting crimes or for the more efficient tracking of merchandise from point of production to point of sales has become the very nerve center of today's business operations and processes. RFID technology will soon enable customers to breeze throughout the checkout process as RFID scanners quickly total the customer's purchases and enable quick payments to occur leaving the time spent waiting in line to the forgotten past.

Summary and Conclusion

This work in writing has examined the history of modernization of the business process of inventory management across several decades and until the present. During the course of this research the information gained has resulted in the writer of this work being of the opinion that inventory management technology has driven and served to bring about expansion in the potential and probable applications that are used not only within business processes such as inventory management but across all process of business involving the expansive array of available technological applications in business. Bibliography Vesna Bosilj Vuksi?, Ph.D., and Katarina ?urko, Ph.D., (1998) the Role of Simulation Modeling in Re-Engineering the retail business processes 15 Dec 1998. Original Scientific Paper UDC. Trg J.F.Kennedy-ja 6, 10000 Zagreb, Croatia Crosby, Tim. "How Inventory Management Systems Work." 23 July 2007. HowStuffWorks.com. ….....