Technology

Lowe’s has a lot of technology that can be found in any retail store such as barcode readers, computers, scanners, etc. Lowes also uses some more advanced and more recent technologies such as the internet and self checkout systems that were both mentioned previously. All of these things while some may be somewhat recent inventions are pretty basic and can be found anywhere. What really is separating Lowe’s from other home improvement retail stores is there new inventory systems and how they use it. Lowe’s teamed up with Celarix Collaborative Technology to develop a global supplier network not to long ago. This system improves communication with partners, decrease inventory in the pipeline, provide more accurate shipments, and improve efficiency. Lowe's uses “Celarix Connection” and “Celarix Management” to connect with its supply chain partners and give the company real-time visibility of all inbound shipments, moving through its inventory routes. Celarix's solutions enables Lowe's shippers and inventory managers to connect with the company's Asian factory suppliers, trading suppliers, and transportation partners, empowering them to communicate directly with one another throughout the entire process, from the time products leave the manufacturing facility to the time they arrive at each Lowe's distribution center. Lowes invested a lot of capital into this project but it’s an investment that is paying off and is expected to keep paying off. Using such an advanced system surely gives Lowe’s an edge other home improvement stores don’t have.