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Friday, August 26, 2005
(Via IHT)While the likes of Amazon, eBay, Google & Yahoo come to anyone’s mind when we think about the economic impact of information technology, the biggest impact on the economy may well show up in small and medium-size enterprises. As computers get cheaper, more powerful and more connected, technologies that were only available to the WalMarts of the world become available to the small fry. By the late 1980s cash registers had become just another computer application. They could add up receipts, compare sales with inventory, create order lists - in short, they could do just about everything that the big chains could do. In the 1990s, cash registers became networked, allowing the small stores to download records in a form suitable for spreadsheet analysis and accounting software. Big chains like Wal-Mart could use satellite networks and mainframe computers to track purchases, manage inventory and record customer behavior. These intelligent cash registers allowed small companies to adopt business models that had previously been available only to large enterprises. Equipped with a scanner, a cash register could be used to verify the sale of each item, allowing companies to share data on revenue with the supplier. Some ice cream manufacturers effectively contract for space for a freezer in a store and share the revenue from purchases each time a sale is made.
Category : Internet & Business |
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