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Essay / Research Paper Abstract
This 3 page paper considers a firm that is losing its’ edge and suggests the use of new technology, outlining the benefits and disadvantages and how it may be implemented, The example used is the introduction of RFID in a winery. The bibliography cites 2 sources.
Page Count:
3 pages (~225 words per page)
File: TS14_TEtechwine.rtf
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Unformatted sample text from the term paper:
as new technological breakthroughs are made. For companies that have already unvested there is the danger that they will be left behind as newer technologies are adopted by their rivals.
The choice is then difficult, to invest further in order to remain up to date, or to wait, save the investment for later when technology may have moved even further
forward. There are many areas of the commercial world that technology can help with. The winery industry has been like many others, technology as been used to help with the
operations as well as seen in areas such as marketing and sales. However, for a company such as The California Wine Company, it may be argued that there are areas
of inefficiency as the investments have fallen behind in some areas. This company predominantly makes premium end wine, including Stonegate wines, and private label wines. The wine industry is
one where inventory control is extremely important. The stock has a high value and with the bottling of wine, some of which may be stored for many years to age,
the ability to control and account for stock is of paramount importance. For this reason, companies such as Hardys and other larger wine makers, who the California Wine Company competes
with, have potential advantages. The current process of inventory control does include the computerised inventory records and a system where the stock is easy to identify. However, the actual process
of checking stock still involves the physical counting of the wine, which can take time and be subject to human error. In addition to this as the stock can be
easily confused there is also the necessity to check stock consignments as they leave, as mistakes can be costly. A technological solution
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