Point-of-sale system (POS ):
A computerized system that identifies each item sold, finds its price in a computerized database, creates an accurate sales receipt for the customer, and stores this item-by-item sales information for use in analyzing sales and reordering inventory.
Over one 5 year period, Wal-Mart invested over $600 million in information systems.
Telecommunications:
Wal-Mart use telecommunications to link directly from its stores to its central computer system and from that system to its supplier's computers.
Bar Code Scanning:
The idea of bar code scanning required that industry develop a universal product code (UPC) system, a standard method for identifying products with numbers and coding those numbers as the type of bar code shown in the photo.
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