New technology is being utilized by retail operations to reduce the amount of time to track inventory and record shipments.Companies such as Target and Walmart now require suppliers to attach a tiny chip with identification information to pallets and cases of products.This technology is called:

Question

​New technology is being utilized by retail operations to reduce the amount of time to track inventory and record shipments.Companies such as Target and Walmart now require suppliers to attach a tiny chip with identification information to pallets and cases of products.This technology is called:

Quizplus · Accepted Answer

RFID stands for Radio Frequency Identification which is a technology that uses radio waves to identify and track objects. Retail operations like Target and Walmart are utilizing this technology to track their inventory and shipments more efficiently by requiring suppliers to attach an RFID chip with identification information to pallets and cases of the products. Therefore, A) RFID is the correct option. B) ERP stands for Enterprise Resource Planning, which is a software system used for managing business processes. C) 3PL refers to Third-Party Logistics, which involves outsourcing logistics and supply chain management activities to a third-party provider. D) PCHIP is not a recognized technology term, so it cannot be the correct option.

​New Technology Is Being Utilized by Retail Operations to Reduce

New Technology Is Being Utilized by Retail Operations to Reduce