General Discussion
In reply to the discussion: Capitalism is not the enemy. Capitalism has improved the Lives of millions. [View all]quaker bill
(8,268 posts)There are many documentaries on Wal Mart that indicate that many of your statements are incorrect, but that was not the point anyway.
The point is really this simple, we now live in an era of big live data. The technological threshold has been reached where central planning of pretty much anything could be based on real time data.
Wal Mart does not simply go shopping for its stuff, it contracts for its invenory to be produced in advance in the quantities that its big data tells it will be needed. It adjusts those numbers as the live data indicates a change in demand. It organizes distribution as its live data indicates resupply is needed.
All that stuff aside, the existence of the technological capacity to do "just in time" inventory on an enterprise as large as many national economies did not exist 50 years ago.