AUTOMATED RETAIL
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Automation describes a wide range of technologies that reduce human intervention in processes, mainly by predetermining decision criteria, subprocess relationships, and related actions, as well as embodying those predeterminations in machines. Automation has been achieved by various means including mechanical, hydraulic, pneumatic, electrical, electronic devices, and computers, usually in combination. Complicated systems, such as modern factories, airplanes, and ships typically use combinations of all of these techniques. The benefit of automation includes labor savings, reducing waste, savings in electricity costs, savings in material costs, and improvements to quality, accuracy, and precision. Automation includes the use of various equipment and control systems such as machinery, processes in factories, boilers, and heat-treating ovens, switching on telephone networks, steering, stabilization of ships, aircraft and other applications and vehicles with reduced human intervention. Examples range from a household thermostat controlling a boiler to a large industrial control system with tens of thousands of input measurements and output control signals. Automation has also found a home in the banking industry. It can range from simple on-off control to multi-variable high-level algorithms in terms of control complexity. In the simplest type of an automatic control loop, a controller compares a measured value of a process with a desired set value and processes the resulting error signal to change some input to the process, in such a way that the process stays at its set point despite disturbances. This closed-loop control is an application of negative feedback to a system. The mathematical basis of control theory was begun in the 18th century and advanced rapidly in the 20th. The term automation, inspired by the earlier word automatic (coming from automaton), was not widely used before 1947, when Ford established an automation department. It was during this time that the industry was rapidly adopting feedback controllers, Technological advancements introduced in the 1930s revolutionized various industries significantly. The World Bank's World Development Report of 2019 shows evidence that the new industries and jobs in the technology sector outweigh the economic effects of workers being displaced by automation. Job losses and downward mobility blamed on automation have been cited as one of many factors in the resurgence of nationalist, protectionist and populist politics in the US, UK and France, among other countries since the 2010s.
In connection with: Automation
Description combos: measured Report Examples US control embodying with in of
Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is the sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and then sells in smaller quantities to consumers for a profit. Retailers are the final link in the supply chain from producers to consumers. Retail markets and shops have a long history, dating back to antiquity. Some of the earliest retailers were itinerant peddlers. Over the centuries, retail shops were transformed from little more than "rude booths" to the sophisticated shopping malls of the modern era. In the digital age, an increasing number of retailers are seeking to reach broader markets by selling through multiple channels, including both bricks and mortar and online retailing. Digital technologies are also affecting the way that consumers pay for goods and services. Retailing support services may also include the provision of credit, delivery services, advisory services, stylist services and a range of other supporting services. Retail workers are the employees of such stores. Most modern retailers typically make a variety of strategic level decisions including the type of store, the market to be served, the optimal product assortment, customer service, supporting services, and the store's overall market positioning. Once the strategic retail plan is in place, retailers devise the retail mix which includes product, price, place, promotion, personnel, and presentation.
In connection with: Retail
Description combos: make quantities other shops place antiquity centuries of long
Redbox Automated Retail, LLC was an American video rental and streaming media company, based in Oakbrook Terrace, Illinois west of Chicago. Redbox specialized in automated DVD rental kiosks, and operated transactional and ad-supported streaming video and television services. From 2022 until its liquidation, Redbox was a wholly owned subsidiary of Chicken Soup for the Soul Entertainment. Redbox kiosks, which rented and sold films on DVD and Blu-ray, were located at retail stores, including convenience stores, supermarkets, and pharmacies. At its peak in the early 2010s, the company operated kiosks at more than 34,000 locations, and controlled more than half of the US DVD rental market. In June 2024, Chicken Soup for the Soul Entertainment filed for Chapter 11 bankruptcy; the following month, the company’s case was converted to Chapter 7 liquidation. As part of ongoing liquidation proceedings, Redbox’s online streaming services and mobile app ceased functioning in July 2024.
In connection with: Redbox
Description combos: the Chicago Redbox west video was in of American
International Automated Systems
International Automated Systems, Inc. (IAS or IAUS) is a company with research and development in various industries, that has been involved in many ventures to design, produce, market, and sell high-technology products. It has been publicly traded since 1988, as an over-the-counter stock (stock symbol IAUS.PK). The founder and major shareholder is Neldon Johnson. It is currently based in Salem, Utah, United States, where it was founded in 1987. Starting in 2013, IAUS came under fire for questionable claims and practices related to a solar power project. In 2018 IAUS was found guilty of multiple counts of fraud. The company, and Johnson, were ordered to pay $50 million in fines and penalties.
In connection with: International Automated Systems
Title combos: International Automated Automated Systems International
Description combos: found or founded of PK since has in symbol
Automated retail is the category of self-service, standalone kiosks that operate as fully automatic retail stores through the use of software integrations to replace the traditional retail services inside in a traditional retail store. These standalone kiosks are often located in heavily trafficked locations such as airports, malls, resorts and transit hubs. Consumers often browse and select products using a touchscreen interface that operates similar to an ecommerce website, pay for purchases using a credit or debit card, and then the product is dispensed through a system other than gravity fed drop systems, often via a robotic arm inside the kiosk. These software integrations, the consumer experience and the delivery mechanisms are what differentiate automated retail stores from vending machines. ZoomShops and Redbox were examples of companies that pursue an automated retail business model.
In connection with: Automated retail
Title combos: Automated retail
Description combos: for often airports website ecommerce arm pursue for pay
An automated convenience store is a convenience store that operates without a cashier, and instead relies on computers and robotics.
In connection with: Automated convenience store
Title combos: convenience Automated store convenience Automated
Description combos: store and instead An automated store relies and computers
The retail format (also known as the retail formula) influences the consumer's store choice and addresses the consumer's expectations. At its most basic level, a retail format is a simple marketplace, that is; a location where goods and services are exchanged. In some parts of the world, the retail sector is still dominated by small family-run stores, but large retail chains are increasingly dominating the sector, because they can exert considerable buying power and pass on the savings in the form of lower prices. Many of these large retail chains also produce their own private labels which compete alongside manufacturer brands. Considerable consolidation of retail stores has changed the retail landscape, transferring power away from wholesalers and into the hands of the large retail chains. In Britain and Europe, the retail sale of goods is designated as a service activity. The European Service Directive applies to all retail trade including periodic markets, street traders and peddlers.
In connection with: Retail format
Title combos: Retail format
Description combos: the alongside run stores some prices and which from
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