SENSOR, Device that captures temperature, humidity, motion or light., CLOUD, Where data is sent for central storage and processing., ANALYTICS, Examining data to find patterns and insights., ALGORITHM, A set of rules or steps an AI uses to learn from data., BARCODE, Traditional product code that needs line-of-sight scanning., INVENTORY, The goods a store holds; RFID helps track it in real time., FORECAST, Predicting future demand from sales history, seasons and weather., REPLENISH, To restock shelves when products run low; smart shelves can trigger this automatically., LOGISTICS, GPS and sensors track shipments and optimize delivery routes., PERSONALIZE, What Amazon's recommendation engine does for each customer., WALMART, World's largest retailer; founder Sam Walton wanted to replace inventory with information., SUPPLIER, In Vendor Managed Inventory, this partner (for example Procter & Gamble) restocks the shelf., WAREHOUSE, Automated building where robots store and retrieve products., PRIVACY, A key data risk: protecting customers' personal information., VIETNAM, Southeast Asian country with a digital economy of about $39 billion in 2025.
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