Time is money: The driving force behind an initiative by Wal-Mart (WMT +0.5%) to test using...

Time is money: The driving force behind an initiative by Wal-Mart (WMT +0.5%) to test using iPhones as a self-checkout device is financial. Every extra second of transaction time at the Wal-Mart stores, adds about $12M in cashier wages. If smartphones could eventually clip 5 seconds from the average transaction checkout, the company just found about $60M behind the sofa cushions.
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Comments (4)
  • Sean Erickson
    , contributor
    Comments (298) | Send Message
    I like it, and if it may cut down on processing fees as well then that would be a very profitable sofa indeed.
    31 Aug 2012, 03:41 PM Reply Like
  • hdivinemad
    , contributor
    Comments (5) | Send Message
    The problem i am looking at Is this. Will the use of devices for checkout cost more employees their jobs or hours worked. There Is no such thing as a forty hour workweek at the retail giant Sam Walton and every associate wre proud to work at.


    Making a fair profit Is wonderful for everyone but the practices enacted has not only Increased returns and dividends but also cost many long time associates their jobs. Mr Jobs seems to view good hard working people as Items on the shelves. move it quick.If this Is the new model for American companies, I pity our workers! And yes i am a stock holder!


    John THarling
    31 Aug 2012, 05:56 PM Reply Like
  • Joe Razorback
    , contributor
    Comments (280) | Send Message
    And u wonder where all the jobs went!
    1 Sep 2012, 01:29 AM Reply Like
  • 1547ogden
    , contributor
    Comments (6) | Send Message
    It's called progress.
    1 Sep 2012, 07:05 PM Reply Like
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