Technological Scan With rapid technological advancement, CanIt Inc. will have to adapt to using some advanced technology to improve their business process to be more efficient, and effective. To enhance the flow of information and products, several new technologies can be implemented into the supply chain of CanIt Inc., which includes: Radio-Frequency Identification (RFID) tags and readers, Blockchain technology, and Commercial use servers.
Radio-Frequency Identification (RFID) RFID enables real-time tracking of items, safe monitoring and automation of warehouse operations, which can lead to increases in sales volumes and improved profitability for suppliers and retailers (Wong & Guo, 2014, pg.14). There are two main type of RFID currently in use: Active and Passive. Passive RFID tags are used for applications such as access control, file tracking, race timing, supply chain management, smart labels, and more (Smiley, 2016, pg.1). The implementation of RFID for CanIt Inc. will mostly be used for tracking physical goods and products, use of passive RFID will be the most suitable for this purpose.
Blockchain Technology
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The blockchain network is economical and efficient, because it eliminates duplication of effort and reduces the need for intermediaries (Gupta, 2017, pg.7). In order to create a more secure and private blockchain platform, CanIt Inc. will have to use a Permissioned Blockchain. Permissioned platforms have semi-trusted members where only known participating nodes that are part of a consortium, are verified and registered (Baliga, 2017, pg.3). In the permissioned blockchain platform that Canit Inc. utilized, only the suppliers, buyers, shippers, and employees are considered as trusted
Commencing penetration tests within the infrastructure of Alexander Rocco Corporation may be a strenuous, yet beneficial process. However, before commencing penetration tests, much planning, strategizing, and research is necessary in order to ensure successful, seamless, and legal operations. Based on information provided by the SANS Institute, an initial meeting should be coordinated between those responsible for conducting the tests, along with the appropriate leadership personnel of the company (source). Within the meeting, the scope of the project should be established, classifying company data appropriately, and determining which components of the company’s infrastructure require penetration testing, which may include Alexander Rocco Corporation’s
Target must compete vigorously and fairly in the marketplace using our independent judgment to make the best decisions for the Company.
Today’s businesses are always looking for ways of making their workforce more efficient. With any vehicle fleet, fuel consumption is becoming a progressively larger cost to the business. And without accurate and real time data it’s very difficult to identify where they can make improvements, leaving their fleet operations without the tools they need to get the most from resources. Different types of GPS tracking and management systems gives you the tools you need to make positive changes, based upon accurate, up to date information. The transparency that GPS tracking and management systems make it possible for businesses to complete more jobs per week, reduce fuel costs, track scheduled maintenance, view proof of visit and time on site, optimize scheduling, routing, reduce administration and time sheets. There are multiple types of tracking systems all used for different types of businesses and workers, some of them are Radio Frequency Identification or RFID and Barcodes. Each one of these systems can hold information about a good or product. Also, businesses can figure out where they are wasting huge amounts of money and time where they should not be. This essay reviews RFID technology and its applications in today’s business world.
CanGo is an experienced company within the internet industry, books, videos and CD’s have proven well with consistent growth. In relation to CanGo’s fast growth, their motivation to expand and diversify into the online gaming industry would improve the company’s overall business opportunity. According to Park Associates (2010) their research has shown a steady growth of invested time playing online games through several media’s. This increase would support CanGo’s venture in the online gaming industry. Other companies are already operating successfully within the online gaming industry. CanGo’s competitive analysis will be needed to determine their strengths and weaknesses against their competitors. This analysis will assist CanGo on determining their best business strategies to become a large competitor in the industry. We at Reliable Consulting Inc. have researched three strong competitors within the industry Cango currently operates along with their future expansion of online gaming. Those three major competitors are Amazon, XBOX and STEAM, they all have established similar products in the industry that CanGo has interest in.
Bitcoin is a form of digital currency that is similar to physical cash stored in a digital form. It is the first fully implemented cryptocurrency protocol utilizing an open source peer-to-peer payment system. As a transfer protocol, it fundamentally functions as a money transfer medium that sends bitcoins from user to user without the need of a third-party intermediary and the system is protected by peer-reviewed cryptographic algorithms. This cryptographic digital currency simultaneously provides users a method to exchange money for free or a nominal fee, which is mutually beneficial for retailers and consumers. The main concern is that it can be used for illegal activities such as the purchase of drugs, weapons and other illegal goods. Albeit true, the concern also exists with all other forms of regulated currency, such as cash and wire transfers. Anonymity is one of the greatest Bitcoin perks, however, nothing is as untraceable as cash. It is the solution to the leading economic and security issues that have left everyone vulnerable, particularly in the wake after the Target security breach in which hackers stole unencrypted credit card and debit card data for 40 million customers’ as well as their pins over the span of two weeks before it was detected. In addition, these hackers were also able to obtain the names, addresses, phone numbers, and email addresses of 70 million customers (Andreesen 6). If Bitcoin were to be used as the standard form of payment, the transaction data does not identify the purchaser’s identity and all information is encrypted. It is the most secure payment method and is a more secure future. Bitcoin is a technologically innovative soluti...
In general terms, we see how the use of the VISA chip readers have recently finished and is now caught up in the transition. The use of technology with the computers, applications, payment machines for credit cards etc. has overall in its totality, had an absolute monumental effect of all stores, let alone Publix Supermarkets. The revenue increase along with the other marketing designs have changed and been revised. The important factor here is the investment in new technology and how it will affect the business. In looking at the financial aspect and how it will be beneficial, we see that there could be a rise in new state of the art architecture, infrastructure, integration platforms. Publix has the ability to reach new heights. The design of these applications will open doors for a more diverse environment and support financial EFT networks. In providing the right kind of tech support for all offices, retail, ware houses and hard are/software aspects could lead to more efficient logistics and increased revenue in the back of house so to speak. The different positions available in the technology department includes tech support analysis, IT tech support technician, programmer, systems engineer along with other
Whether it is the mainstream media or the online community, cryptocurrencies, the new and emerging digital money transfer system, is gaining interest fast. One of the most popular cryptocurrency, Bitcoin, recently has been the subject to numerous criticism and negative speculation in the mainstream media due to the recent fall of Bitcoin’s largest currency exchange, Mt.Gox. However, despite negative media reports, Investing.com reported that Bitcoin prices have recently surged past $700 dollars, up 41% since the 25th of February of this year (Investing.com, 2014). Bitcoin’s rallying prices has shown that people have true faith in its future, and that cryptocurrencies in general, are here to stay and are the future of money exchange. Cryptocurrencies exist on a decentralized monetary system, meaning that there is no central authority, government, or institution that controls the flow of the currency (Quast, 2014). The main benefit of having a decentralized monetary system is the freedom of dismissing the need to rely upon a third party, such as a bank, for monetary transfers. Cryptocurrencies are stored on a user’s own computer, and uses a peer-to-peer system to verify transactions, allowing for faster and cheaper money transfers all around the world (Clark, 2013). Having a decentralized system also prevents the manipulation of money for political or institutional benefits, as the flow of money will be handled by an online network, as opposed to an institution. In addition, cryptocurrencies are not subject to inflation, as it will have a fixed rate of generation that slows down as quantities increase, and will stop the generation new currency once a capacity limit on the supply has bee...
The Consumer and Industrial Products, Inc a company where their headquarters is based in the United States , also doing business internationally with facilities in Europe, Asia and South America. They are a manufacturing company what produced well known products to individuals and industries. This company is experiencing a great deal of trouble with their internal Payable Audit System (PAS) and how it would purchase goods; receive goods and pays for them. They are challenged with the redundancy and the lack of productivity to their system. They were finding ways to lower costs and eliminating steps in how these processes are getting accomplished. They decided that they needed to change their system and the way they did things at their business. There are some people, their roles and departments that will be closely involved with the process of this project. Some of these important roles will come from Ted Anderson director of disbursements, Peter Shaw the user project manager and Linda Watkins project director for the Payable Audit System (PAS). In addition, the Steering Group and the IS management department will have some important roles to the project too. Finally, there will be several major problems with the development of the project and how the one person would deal with these issues.
Even those who are cynical of Bitcoins future mentioned that Blockchain technology has a very bright future. Some suggest Blockchain technology as the second generation of the internet. Blockchain got the spotlight again in 2015 when companies like IBM, Intel, JPMorgan and Wells Fargo came together and announced about their intent to create their own version of open-source Blockchain. This collaboration is aiming to tweak features in the Blockchain concept in order to make it appropriate for their own
Corections corporation of America was started in 1980 by Don Hutto, Tom Beasley, and Dr. Robert Crants. They created the first private prison that was able to save the government and tax payer’s money. They did so by industrializing the industry and specializing in the industry. Since 1980 they have become one of the largest prisons in America. CCA define itself as “being the first and leading corrections corporation in America that partners with the government agencies Federal Bureau of Prisons, Immigration & Customs Enforcement, and the Unites States Marshals Service. CCA considers itself an innovative and cost efficient business that provides safe, nurturing, educating, and rehabilitating service facilities. “ (We Are CCA, 2013) CCA aims to be the best corrections company in the United States. I think that CCA mission statement applies for both present and future, they want to be the best and will need to continuously be innovative in order to obtain the results and benefits for all people that are affected. “the company states that it is the fifth-largest corrections organization only outdone by the federal government and three states (Who We Are, 2013). The corporation is proud to be a private corrections company but with close ties to
BY DOUG HENWOOD What’s being touted in some circles as the future of money looks hardly more peaceful than its past. Bitcoin, a formerly obscure cybercurrency, is now all over the headlines with reports of bankruptcies, thefts and FBI lockdowns. If our fate is to buy and sell bitcoins, this instability is troubling. But despite the headlines, the triumph of Bitcoin and related cyber-currencies is a lot less likely than recent commentary suggests.
One of the largest parts of commerce is transaction. Transactions are needed anytime two parties exchange money or information. Since the Information Age has begun, transactions are more common over the Internet, where it is more imperative that transactions are secure (Klein x). Corporations have also become more widespread, which means that cryptography is needed to secu...
It is undeniable that Inventory Management is an important key to success at Walmart this paper will discuss the two main methods of Inventory Management used by Wal-Mart: Material Requirements Planning and Just-in Time. Next we write about the technical means of keeping track of inventories like RFID tags. We conclude with discussing how
EDI is not a new technology. It was first used in transportation and shipping industries in 1970s. However, EDI use has grown significantly in a many business sectors in the past decade. It is not limited to simply sending and receiving various messages but has allowed trading partners to access to each other’s internal records such as sales and inventory information. The use has come into prominence because EDI could provide the following benefits:
Bitcoin as a currency represents an innovation in the financial service industry and has tremendous potential of attracting economic benefits. Bitcoin is supported by the Bitcoin Foundation, which is a group of programmers, economists, and enthusiasts who are constantly making efforts to “standardize, protect and promote” Bitcoin. Many startup organizations have supported in favor of the bitcoin as a currency. Startups like BitPay are supporting the growing desire of creating simple platforms to allow online transactions in the form if bitcoins just like online payment mechanisms provided by PayPal and credit card firms. BitPay has “compiled a directory with more than 12,000 businesses and charities that accept Bitcoin using a service” [1]. The startups are playing a pivotal role in shaping the future of bitcoin by accelerating legitimate uses of currency in both the forms, online and offline. With increased popularity of bitcoins, more merchants are accepting Bitcoin and realizing the benefit over conventional transactions. Moreover, banks and money service businesses (MSB’s) such as Visa or American Express or Master Card charge transaction processing fees in the range of 2-5%. Bitcoins, on the other hand do not