1. The various applications of virtual reality are education, social networking, and video conferencing and research applications. The critical thinking model of education is a widely used contemporary model where in the focus is clearly on logical thinking and analyzing as well as deep thinking where in technology assists in ensuring that in depth research is possible. Even present day movies, like Star Wars are based on virtual applications and robotics.
In present times of globalization as technology advances, it is crucial that virtual applications be embraced in all of the fields. It helps propagate deep thinking and learning based on aspects of application of theories, consideration of forming new ideas and innovating and coming up with better virtues and thoughts form new trends in all fields.
2. Radio Frequency Identification tags (RFID), was first used the RFID in 2003 over scans in order to monitor and track pallets, reduce labour scanning codes and improve visibility to know what products are in their own distribution centres or with the suppliers. Wal-Mart has used it effectively and it does help reduce costs.
All of this can help ensure that there is a lot of significant operational efficiency and also in the supply chain. It helps create a higher level of growth and dynamism in the firm also as there are changes and acceptance of new technology which helps the firm keep up with growing levels of competitor and develop higher supply chain competencies. RFID has impacted various technologies in supply chain management as it has enabled the easy identification of goods (Coyle, et.al., 2011). RFID solutions help in monitoring the complete value chain functions.
Reference
Coyle, J.J., Novack, R.A., Gibson, B. & Bardi, E.J. (2011). Transportation - A Supply Chain Perspective, 7th ed. South-Western Cengage Learning
