I. Company Description
In September of 1983, Costco Wholesale Corporation began operations in Seattle, Washington. The company was founded by James Sinegal, current President and CEO of Costco, and Jeffrey Brotman, Chairman of the Board of Directors. In October of 1993 Costco merged with a Delaware company called The Price Company to form Price/Costco, Inc. The Price Company was the first to establish the concept of a membership warehouse. In 1999, the company changed its name to Costco Wholesale Corporation and moved themselves back to Washington. Costco is currently one of the largest retail stores in the industry.
II. Business Mission
Costco’s mission statement is to focus on bringing high quality goods …show more content…
Technology: Radio frequency identification (RFID) is the latest trend in the retail industry. Inventory can be very costly and time-consuming to most retailers. By offering real-time inventory visibility, radio frequency identification enables inventory managers to monitor and control inventory supply at all times. By automating the inventory tracking process, stores can keep costs down by maintaining optimal inventory levels. With RFID, stores will not over stock and will also have the appropriate number of items at their