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How to Save Money with Multichannel Inventory Management Software?

Thomas Marks

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There is probably no business in the entire world which does not face hardships while trying to manage their inventory. Inventory, in simple words, is the list of things under a business which the business has to take care of. These include sales, warehouses, orders, shipping, and more. With each and everything going digital in today’s times, most of the businesses have already set up their e-commerce store.

Businesses are looking to make the best profits out of their physical as well as online retail stores but one thing that is troubling each and every retail business is the ability to manage their inventory and more importantly from a single place. This is what gave birth to the multichannel inventory management software that is designed specifically to manage the inventory from a single place and that too with complete ease.

management software

This is must-shop software for every business as not only it helps to manage the inventory well but also help in meeting important deadlines, unexpected orders and save money eventually! How does it help in saving money? Relax, as we brief you about the same!

Top 5 Ways Multichannel Inventory Management Software Helps Save Money:

 

  • It Reduces Manpower Cost

Managing a lot of inventory is not easy at all and one requires a lot of manpower for the same. You need manpower to manage your warehouses, sales, physical as well as online retail stores, and more. If you buy this software, it will do most of this work from a single place for which you need to hire only a single employee. This way you will save a lot on your manpower, eventually leading to company’s profit and saving!

  • It Reduces Phone Bill

When you have to manage a lot of things, the only way you can do this is through a phone. You have to constantly call people located at different areas to stay updated and keep a track of the supplies. For example, customer orders in bulk, you will have to call at your warehouse for the products available, track down the supplies, and then coordinate with the sales, and so on. When you have everything clickable, you need not call anybody and simply generate an invoice by looking at the inventory details.

  • It Avoids Spoilage

Most of the retail businesses have no idea about their products getting bad or getting expired. This is mostly due to a lack of communication on the daily basis between the key people involved in the different areas of the business. When you have each and every product in your software with its full details, you can sale it way before the deadline with an attractive offer or use it at any other area of the business.

  • It Reduces Storage Cost

Storing products in the warehouse depends on the number of average sales you are having every day or every year. This data is hard to maintain physically and when making a decision out of it, it can be the most challenging task.

With multichannel inventory management software, you can easily know how many products you actually need and the required storage space for it. This will help you save on your storage space, eventually saving the storage expense.

  • It Helps Increase Sales

When you will manage your inventory so well with multichannel software, you will automatically come to know what prompts customers to buy the products from you, from where you are getting the maximum orders and what you should do to let the magic continue.

Also, it will help you in adopting new and effective marketing techniques that will be designed specifically for your target audience. All this will help you in increasing the sales and when you increase the sales, you increase the profits and the savings eventually!

Thomas Marks, as the owner of the retail store, has the great passion for writing and sharing his knowledge regarding inventory management. He has been doing inventory control for his business using multichannel software and it really helped him to boost savings.

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For-Profit Or Fun: Why Some A Crypto Trading Bot

Steven Sanders

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Wall Street is in an uproar. Papers are flying; curse words are being hurled, financial portfolios are in disarray and have been for the past year because of one word: crypto.

What has happened? What changed?

Well, in the past year, a lot.  I’m not talking just the earth-shattering, meteoric rise and fall of bitcoin as a $20,000+ asset that has made billionaires. I’m not talking about the billions in ICO fundraising that has left some in the blockchain in the community very wealthy, nor the assets lost by foolish investors.

I’m talking about the perplexing case of what exactly cryptocurrency can do for the average layman.  For those without thousands laying around who got in late or those that were too afraid to take the leap, it begs the question: What is the opportunity that remains?

There is a market for cryptocurrency development services. There is also a market for marketing for blockchain companies. Within cryptocurrency as subject, there are dozens upon dozens of opportunities to still profit even as it falls harder than ever before.  

One that has many’s attention is that of the cryptocurrency trading bot.  

Much like forex, stocks, and a flurry of other bots that have been developed to isolate and profit from signals that exist in the market, cryptocurrency has proven no different.

Cryptocurrency bots operate on a trading algorithm set by its developer whom should be or is working with a trader.  These traders often boast about their profits, and that they have systemized some form of reliability by isolating trends/criteria that lead to profitable trades.

The Market & its Infancy

While there are definitely plenty of bots that are successful, there is one drawback to creating a cryptocurrency bot that trades.  The market even with its current fervor is still in its infancy. It is totally new to the manipulations that we have seen happen by governments, social influence, and random freak occurrences.  

There are so many factors that tie into pricing that its hard to predict what will make a bot trade successfully. One one hand, a bot that trades based on analyzing or at least compiling news/trend data, and then offering the ability to select what to trade based on could potentially work.  The difficulty is in sifting through the fake news and what is actually relevant.

News sources naturally sensationalize, but the problem doesn’t only lie there.  Communities like Reddit and telegram are usually far ahead of any development within cryptocurrency.

So unless a bot takes into consideration mentions of particular cryptocurrencies and any words that can help it judge the context, it’d be harder for it to adapt to little more than buying and sell order fluctuations.

Technical analysis is still being worked out, but some have made strides and are certainly profiting regularly, such as Ian Balina and other associates.

That said, a systemized approach of any kind will need to have its kinks worked out, so only time will tell how successful it would be to create a crypto trading bot.  

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Fintech Developers: Do You Need Them?

Steven Sanders

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The Fintech Hunt For Developers

What stresses out fintech finders at night? Hiring and maintaining the quality of new fintech app development talent. Sure, acquiring decent staff has always been a difficult process, but obtaining developers for your project is as can become a shopping frenzy.

Unlike the retail industry where fear-buying with customer discounts is the norm, the financial spending for fintech companies increased in employee salaries by 25% each year. Startups have to spend the additional cash to secure the talent, Fintech Files stated.

But counter offers have been made for some developers. Some fintech developers would tell us that they lost a few potential employees due to better offers. “For larger companies, it’s easier to spend $10K on an experienced developer. However, our smaller fintech companies don’t have that luxury” the developers said.

So what can you do to find great developers within your budget? We can help you with that. Continue reading to learn 3 techniques the professionals use to hiring credible developers on your team.

Background Research

Before hiring a fintech app development team for your startup, you should consider doing some background research to assess the quality of their work and credibility. You should look at their blogs and websites to get detailed information on their services.

Try to look for a portfolio of work to see if they have completed similar jobs that your organization requires. For instance, if you need a fintech app that helps with investing in exchange-traded funds, see if the developer has created investment apps for different clients. You should check their social media profiles to make sure they have good relationships with their customers.

Fintech Developers

Making innovative fintech applications that are valuable requires developers that have fintech expertise. You should get a developer that has a great understanding of the technology but also has an extensive knowledge of the finance industry.

Since the international financial crisis in 2008, there is a been an increase in banking reforms. You’ll want a developer to stay on top of these reforms when developing the app to make sure they meet the desired requirements.

Diversified Skills

Developers are already a costly investment, so you’ll want to find one who is skilled in multiple areas. And some development projects require multiple skills to be completed correctly. For instance, if you’re making a crowdfunding platform, you’ll have to design it with a programming language that works with other software.

You also have to make sure that the developer that you choose has good programming and design skills. Doing this will make sure that the software they create meets your expectations. Fintech developers are good at working with large sets of data, which is ideal if you need projects that require data analytics and big data integration.

Conclusion

Overall, finding the right fintech app development team will take some time. But by slowly going through the hiring process and focus on quality, not quantity, you’ll be fine. Conclusively,  gauge the quality of the team so that your apps can improve the value of your business.

 

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The Latest Trends in Healthcare Mobile App Design [2018]

Steven Sanders

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So far there are over 260,000 mobile Health apps located in the market. Finding one that resonates with the target audience – whether its a provider or a patient – can be a difficult challenge. And in this part, one small issue can mean the difference between project completion and feature.

Functions and Trends

Trends emerge when there are new customer needs that have to be met. Here’s how patients use mobile devices to help manage their health.

  1. Tools to share their data with health care experts and doctors to receive feedback.
  2. For comparing locations, specialists, and prices.
  3. To find nurses, clinicians, and donors.
  4. For training.

Due to these trends, we can see a myriad of uses for healthcare mobile app design. With these top five trends, you’ll notice that your

Corporate Apps

When people think about healthcare mobile app design, they start thinking about fitness trackers. In reality, only 66 out of the 100 largest hospitals in the United States develop and design their own applications.

The institutions like insurance companies and hospitals can make a healthcare app and receive a profit from it. It might make sense to create a mobile app for a specific healthcare consulting firm. The only thing you need to keep in mind is that your app needs to have a good UX design for your consumers.

Artificial Intelligence

AI has two important uses.

Artificial Intelligence is a great way to personalize your customer care options, especially when it comes to speech recognition. Health assistants such as Babylon help patients find their diseases. AI can give automatic reminders to tell users to take their pills or health-related procedures.

For instance, there is an algorithm that takes the photos of 100 different skin types. It uses this data to predict which patient has skin cancer.

Video Chats

Robots have not fully replaced human services. There is still a high demand for doctors, and the best way to do this is through video calls. One example is Ada, which offers a stable solution for startups, and video chats and reference information with healthcare experts.

There is one cost to make a good healthcare application of this type. The content that’s created needs to be peer-reviewed. Ideally, there are a few set requirements that the doctor needs to follow as well. Through video chats, patients can receive increased care, better response times, and better long-term health assistance.

Gamification

Medical routines can be very stressful. Trying to create healthy eating habits can drive your customers crazy. How can you solve this? Start by playing a game with them. For instance, WebMD has pregnancy quizzes for women. If you’re planning to make an app for the healthcare mobile app design industry, gamification helps make your app unique.

Geolocation

How long does it take to get to the nearest emergency unit? Where can I find this antibiotic? Some healthcare apps use GPS to find your location, what are you doing, and if this action is against the doctor’s advice.

Conclusion

To conclude, healthcare mobile app design is starting to make a huge change in our lives. Whether it’s through innovation or increased efficiency, these apps make it easier for patients to receive care from doctors. So, think about your healthcare app before making it receive the best results from your audience.

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