business news in context, analysis with attitude

• The Financial Times reports that Wal-Mart “has begun rolling out a global information technology system in a break with its traditional reliance on the home grown IT that underpinned its rapid expansion in the US … The shift to an external software package represents a significant shift for Wal-Mart, whose IT department historically spearheaded the development of technologies that have in the past transformed its business … Wal-Mart will continue to develop its own IT solutions, including RFID wireless tagging solutions, and hopes to create a global e-commerce platform that would both unify the systems used by existing online operations in the US and Europe and be replicable in new markets.”

According to the story, Wal-Mart CFO Tom Schoewe says that the "efficiency of the home grown system has not kept pace with the corporation's growth.”

KC's View: