Don't know if anyone else is following this thread, if so here is some good reading. This is one of the best articles I have seen that actually explains the benefits of scan based trading for non-techies like myself. I believe some of VLNKs customers are mentioned here.
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smarterretail.com
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Excerpt from above article:
Retail Trends
Scan Based Trading: Ready or Not, Here It Comes
Inventory is both the blessing and the curse of the retail business. Retailers want to have product in stock when a customer asks for it, but excess inventory can spell death for a business. Warehousing, restocking, and accounting are all significant hassles. So in the past few years, retail giant Wal-Mart has come up with a novel solution to the inventory problem: get rid of it.
No, the shelves of Wal-Mart won?t be bare the next time you visit. In fact, they may be better stocked than ever before. But within five years, on Wal-Mart?s balance sheets, you won?t see any inventory. That?s because, with the aid of cutting-edge scan-based technology, Wal-Mart, along with mass-market competitors Target and K-Mart, as well as retailers as diverse as Winn-Dixie and Barnes & Noble, is shifting ownership of inventory back to suppliers.
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