Proposal for an Inventory Management Technology for Walmart Inc
The proposal should give a high-level overview of the project. It should provide some general
information about the organization the project is meant for, a description of the problem or opportunity
that will be addressed with your innovative idea, and an overview of the technology that will be
integrated in your solution. It should also provide a scenario that exemplifies the how the solution will
serve the customer or end-user or organization. You can do this by developing a scenario(s) that
illustrates your vision in a brief narrative. The goal is to help the reader envision your innovative
solution.
The proposal should be presented using the following sections:
1. Title Page of the Proposed Project
2. Introduction (up to 0.5 page)
3. Potential Client (0.5 – 1 page)
General description of the organization that the project is intended for
4. Problem/Opportunity (0.5 – 1 page)
Description of problem/opportunity that your innovative idea will address
5. Potential technology solution (0.5 – 1 page)
Overview of the technology that could be used to address the problem/opportunity.
Keep this at a pretty high level (general level). You will present a more detailed
description in the next part of the project.
6. Pros and Cons of implementing this technology (0.5 – 1 page)
Identify positives and negatives of implementing this technology. Positives would be
benefits. Negatives could be things like outcomes that may not be desirable
Requirements: 4 Pages
Hope this information is sufficient
Problem: Inventory issues causing overtstock
Opportunity: Propose a technology to walmart to assist with Inventory Management
Answer preview
The retail e-commerce industry is growing at an incredible pace. Spurred by the success of organizations such as Amazon and customers’ changing needs and preferences, organizations in the retail industry are changing their business models to remain viable within their markets (Industry Insights, 2021). No person would have predicted that the COVID-19 pandemic would infect over 200 million people worldwide when the pandemic started. Most governments around the globe adopted strict public health and safety measures to combat the pandemic (Industry Insights, 2021). Even though the pandemic had numerous, devastating impacts on most industries, primarily due to the decline in consumer spending, the retail e-commerce industry was shielded from most of these effects (Industry Insights, 2021). The pandemic generated immense fear of infection, prompting customers to change their buying behavior. Many people began avoiding shopping malls and purchasing the items they needed from online stores
[1403 Words]
Proposal for an Inventory Management Technology for Walmart Inc
