Choose the Inventory Management Software

Inventory management is a process that helps in tracking and managing stocked goods. It helps businesses to manage the constant flow of goods and prevent excess flow of goods or declining them to levels that can create a problem for the company. Thus, making inventory management crucial not just for retail stores (both online and offline) but also for every business that needs to keep stock of goods, be it raw material or finished products.

Automation is the way out of it. Deploying a good and robust inventory control system software will help you not only organize the warehouse and reduce holding cost but will also help in saving time, lowering operational costs and increasing efficiency. Most businesses start managing their inventory on spreadsheets, which makes it difficult for them to keep a track of the stock, shipment, and delivery of products etc. In addition, errors while feeding data on these sheets are one of the commonest things that happen when manually managing the inventory. Also, it is not just time-consuming, it also requires a lot of additional resources, which will eventually drive you away from focusing on the core business, leave aside your goal to get more and more satisfied customers. But, with a plethora of Inventory System Solutions available in the market, choosing the best inventory management software can be tricky. To make it easier for you, here is a list of things that a good inventory management software should have –

  • Inventory Tracking: While choosing the best inventory management software, make sure the software comes with inventory tracking feature. It is one of the primary functions of such software. This feature will not only let you track the stock in your warehouse but will also keep you updated about received goods and number of fulfilled consignments.
  • Warehouse Management: If you have warehouses located in different locations, managing them manually is not possible. While choosing a software, you must make sure that it comes with warehouse management feature. This feature lets you keep track of the stock level, manage inter-warehouse transfer and generate reports of each warehouse, irrespective of their location
  • Price: Price is one of the most important things that you should consider when buying a software. There is a number of different software for managing inventory is available in the market ranging from Rs. 1800 – Rs.2000 which can go up to Rs. 2 lakhs, depending on the functionalities they offer. You can choose a software depending on your business needs.
  • Reporting & Analytics: A good inventory management solution comes with reporting and analytics features. Analytics is an essential feature because it provides an overview of the warehouse as well as the stock available, letting you make better business decisions. Similarly, reporting lets you know about demand and supply of a particular product and determine the inventory requirement.
  • Data Importing & Exporting: Most of you might be using spreadsheets or free-online tool to manage the inventory. However, if you are planning to deploy a robust system for managing the inventory, make sure the software you choose comes with data importing and exporting feature. This will let you import or export data that you have been maintaining. Also, the software must be capable of storing the data in the same format that you have been maintaining.

Contract Management Software

Management of service contracts is an application that facilitates the contracts that you have with your customers.

It is a management information system that integrates and manages many of the aspects which are necessary for the management of service contracts agreed with its clients. It allows controlling the entire process in contract management.

However, a managing contract usually decreases costs, and save time and resources. And it facilitates the commercial relationship inside and outside of the company.

This is the reason why a technological solution for managing the contract is a key tool to automate the process of creation, execution and management of this important asset for your company.

Why a company needs contract management software

  • Writing on papers, handling the agreements requires a lot of attention from the entire organization. In fact, there are complete departments to handle the clauses, situations, costs, renewals, expirations, obligations, guarantees, rights, court orders and compensation. On average, large companies can have more than 50,000 agreements in force at any given time.
  • With the passage of time, intelligent file systems are implemented using technology where they instantly indicate the place where the required physical contract was filed.
  • It’s normal the contracts, even today, are filed somewhere and forgotten. And they are only reborn when a legal dispute arises.
  • Now the global appeal for products and services is growing rapidly, the need for efficient contract management and the benefits of implementing technology are getting a topmost priority.
  • Many companies benefited with this software solution. They have concentrated entering their company into a centralized contract management system or a powerful search tools.
  • The system is so finely synchronized that various notifications and alerts arrive in each person’s inbox. They will indicate that it is necessary to take another action. Or notification will say a contractual protocol is not being followed.
  • The alerts usually ensure compliance of all the participants of the organization that have some impact on a particular contract. This entrepreneurial dream is now a reality.
  • Now, every company is based on this process. Highly efficient companies create total transparency throughout the process.
  • However, this becomes a great challenge when a company works with paper documents which can only be available in one person’s hand.
  • The implementation of zero paper systems allows important documents to be shared, viewed and stored with a single click. Besides, the criteria such as accounts debit and credit and payroll contract approval will no longer demands times.

App Development Trends

Artificial Intelligence

IA will mark both, the development of trends in mobile applications and the boom of their capabilities. Through the use of advanced analysis techniques, cognitive interfaces within complex systems and machine learning techniques, AI will provide powerful ideas that users have never seen before. Due to these advances, the big players like Google, IBM, eBay and Facebook have started to acquire some expert startups in Artificial Intelligence.

Augmented Reality

Augmented reality applications are already in use and will be in the limelight. These apps will be mainly oriented to games and simulators. Pokemon Go, iOnRoad, Sky Siege and myNav are some brilliant examples of Artificial Reality. Dominating the App Store, these mobile games prove that AR has a great potential to influence app trends.

Mobile Application Security

Security continues to be the main concern for developers due to the amount of personal information it stores. The overall growth of the industry, billions of users, third-party SDKs everywhere and the vast number of user information saved by companies make huge security concerns for mobile app developers across the world.

Cloud-based Applications

The mobile devices have become more complex and powerful. Now many users don’t want to install gigabyte applications on their devices. Cloud-based apps have reinterpreted the entire hierarchy of storage in mobile devices. Through cloud computing, the user can install a small app that is connected to the cloud where all data is accessible.

Internet of Things (IoT)

The Internet of Things is shaping the future trends of mobile apps so that users can handle smart tools. Analysts predict a major change in IoT. There are already apps available that allow users to manage different things from Smartphones and other digital devices. Therefore, the development of apps focused on IoT will be a clear trend.

XML Parser

The Xerces Java Parser

The main applications of the Xerces Java parser is the building up of the XML-savvy web servers and to ensure the integrity of e-business data expressed in XML.

expat XML parser

The expat XML parser is written in C and runs on UNIX or W32.The expat XML parser is not a validating processor that is you can use it only to write an XML parser. This parser is contributed by James Clark.

XP and XT

XP is a Java based, XML validating parser and XT is an XSL processor. Both are written in Java.XP detects all non well formed documents. It gives high performance and aims to be the fastest conformant XML parser in Java. On the other hand XT is a set of tools for building program transformation systems. The tools include pretty printing; bundling of systems, tree transformation etc,

SAX

Simple API for XML (SAX) was developed by the members of a public mailing list (XML-DEV).It gives an event based approach to XML parsing. It means that instead of going from node to node, it goes from event to event. SAX is an event driven interface. Events include XML tag, detecting errors etc,

XML pull parser

It is optimal for applications that require fast and a small XML parser. It should be used when all the process has to be performed quickly and efficiently to input elements.

XML parser for Java

It runs on any platform where there is Java virtual machine. It is sometimes called XML4J.It has an interface which allows you to take a string of XML formatted text, pick the XML tags and use them to extract the tagged information.

Amazon Web Services History

Amazon Web Services, the cloud Infrastructure as a Service arm of Amazon.com, was propelled with little ballyhoo as a side business for Amazon.com. Today, it’s an exceptionally fruitful organization in its own right, riding an amazing $10 billion run rate.

Indeed, as indicated by information from Synergy Research, in the decade since its dispatch, AWS has developed into the best cloud framework organization on the planet, collecting more than 30 percent of the market. That is more than its three nearest matches – Microsoft, IBM and Google – joined (and by a reasonable edge).

Amazon Web Services (AWS) was propelled by the web based business monster Amazon in 2006, and in a little more than ten years it has gone ahead to change the IT business in a time of broad distributed computing.

Investigator gauges put AWS ‘s piece of the pie for cloud framework as-a-benefit (IaaS) remains at 33.8 percent, while its three greatest rivals: Microsoft Azure, Google Cloud and IBM have a joined piece of the pie of 30.8 percent, as indicated by experts at Canalys. Not awful for an organization that was once viewed as a ‘hazardous wager’ for the retail monster.

In any case, Microsoft and Google have expanded their emphasis on open cloud lately, and introduce a huge danger to AWS as substantial organizations consider how to move more workloads out of the server farm. This is all while many foresee that cloud take-up is still truly in its early stages. Gartner, for one, predicts the overall IaaS market to develop to $71.5 billion by 2020, so there is a lot of market to go around.

What you may not know is that the roots for the possibility of AWS backpedal to the 2000 time allotment when Amazon was a far unexpected organization in comparison to it is today – essentially an internet business organization battling with scale issues. Those issues constrained the organization to construct some strong interior frameworks to manage the hyper development it was encountering – and that established the framework for what might move toward becoming AWS.

Talking as of late at an occasion in Washington, DC, AWS CEO Andy Jassy, who has been there from the earliest starting point, clarified how these center frameworks created out of need over a three-year time span starting in 2000, and, before they knew it, with no genuine arranging, they had the makings of a business that would move toward becoming AWS.