Technology Impact on Retail Research Paper Example | Topics and Well Written Essays - 2000 words

Technology Impact on Retail - Research Paper Example Telephone, fax, and non-cash payment systems such as credit cards have existed for quite some time. However, the introduction of computers and internet has changed the face of retail industry in America immensely. Internet related technologies have revolutionized the retail sector like no other technology before. Instead of cash payments, credit card payment systems started to conquer the retail sector in America. Moreover, online purchasing started to dominate offline purchasing as a result of the introduction of new technologies. Amazon, Ebay etc like online retailers started to dominate American retail industry in recent time at the expense of many of the prominent offline retailers. Skorupa (2012) mentioned that Amazon’s forecasted revenue for 2012 is $60 billion (Skorupa, 2012). eBay is also not far behind. The popularity of online retail business forced offline retailers such as Wal-Mart to expand their operation in virtual world. This paper analyses the impacts of techn ology in American retail sector. Technology in American retail sector Internet technologies are being employed at every stage in the retail industry in America at present. Majority of the consumers are using credit cards for paying their bills even though the concerns about credit card forgery like crimes are there. Modern internet technologies are capable of reducing the threats from credit card forgeries up to certain extent which encourage people to increase their cashless transactions in retail sector further. Earlier, it was difficult for retailers to manage their supply chain effectively because of lack of communication channels or ineffectiveness of existing communication channels. However, at present supply chain management in retail industry have been improved a lot with the introduction of internet related technologies. It is easy for the supply chain managers to know the actual inventory of goods at a particular place with the help of a finger touch. Earlier, the informat ion supplied by the managers of the retail shops was used by the supply chain managers to know the inventory of a particular product in a shop. At present, supply chain managers need not wait till the information reaches their table from the retail shop mangers to know these details. Selling statistics of different goods from different shops may reach the table of supply chain manager at the very moment of selling of certain item. For example, a retail shop owner needs to register the details of the customer at the time of selling of Samsung/Apple mobile phones. Thus the supply chain managers will get the information about the present inventory of an item in a particular store any time they want. Current customers have more shopping choices like brick & mortar stores and e-shops. â€Å"Brick & Mortar stores refers to retail shops that are located in a building as opposed to an online shopping destination, door-to-door sales, kiosk or other similar site not housed within a structure †(Waters, 2012). One of the major drawbacks of online retailing is the inability of purchasers to get the physical presence of the product. Brick & Mortar stores help consumers to get the physical presence of the product before they take any purchasing decisions. Ghemawat & Nueno (2006) pointed out that current inventory management systems are leaner due to better forecasting and communication tools. They cited Spanish retailer Zara as an

Discuss the application of each of following in biology today and Essay

Discuss the application of each of following in biology today and include three examples of each with a brief description - Essay Example Similarly, forensic scientists utilize the hair to profile the DNA in order to identify the culprits involved in crimes. DNA blood typing is important in paternity testing. The technique identifies the biological parent of a child. Fundamentally, the forensic scientists compare the baby’s DNA with that of the potential father. The commonly DNA blood typing is ABO. The process involves the determination of the antigens on the red blood cells encoded by ABO locus on the human chromosome (Brown, 2010). Notably, the typing can solve the cases of paternity. Similarly, the DNA forensic science can determine the gender by analyzing the Y chromosome. The scientists utilize the amelogenin marker located on the sex chromosome. The theoretical principle in the technique centers on the identical combination of alleles between the son and father (Brown, 2010). Population evolution and microbial life examine distribution, as well as, changes in allele frequency in a particular population. Notably, the population is subject to evolutionary processes that entail genetic drift, natural selection, gene flow, and mutation. The field of population evolution and microbial life is important in enhancing the comprehension of genome changes, plant breeding systems, and medical research. Genomic changes involve the evaluation of particular genes that have evolved in successive generation. It is possible to map the genes to identify the genetic material, which has a casual connection to the phenotypes. Notably, the mapping of genes has been instrumental in the discovery of genetic variants that influence the physical attributes of organisms (Pepper et al, 2009). The plant breeding systems utilize the principles of natural selection to select the plants with the beneficial traits. The technique entails systematic production of the crop populations that possess desirable