An Introduction To Paperless Inventory Management Systems

Splash offers Billing and Accounting Management software module which gives you a simple, efficient and cost-effective method to gain full control over accounting processes of your organization. Simple and reliable bookkeeping utility is useful accounting software for small businesses organization to meet the exact needs of business in cost effective way. Billing and Accounting Software enables you to maintain multiple company records, customer-vendor records, tax related and inventory management information, income and expenses details of your organization with the help of advanced barcode technology.

Inventory Management Software is a computer-based system for tracking inventory levels, purchasing, shipping, receiving, tracking, warehousing and storage, turnover, and reordering. Companies often use inventory management software to reduce their carrying costs. The software is used to track products and parts as they are transported from a vendor to a warehouse, between warehouses, and finally to a retail location or directly to a customer.

In today's business environment, even small and mid-sized businesses have come to rely on computerized inventory management systems. Certainly, there are plenty of small retail outlets, manufacturers, and other businesses that continue to rely on manual means of inventory tracking.

Automation can dramatically impact all phases of inventory management, including counting and monitoring of inventory items; recording and retrieval of item storage location; recording changes to inventory; and anticipating inventory needs, including inventory handling requirements. This is true even of stand-alone systems that are not integrated with other areas of the business, but many analysts indicate that productivity and hence profitability gains that are garnered through use of automated systems can be further increased when a business integrates its inventory control systems with other systems such as accounting and sales to better control inventory levels.

Inventory management software is used for a variety of purposes, including:

·         Maintaining a balance between too much and too little inventory.

·         Tracking inventory as it is transported between locations.

·         Receiving items into a warehouse or other location.

·         Picking, packing and shipping items from a warehouse.

·         Keeping track of product sales and inventory levels.

·         Cutting down on product obsolescence and spoilage.

Another important component of good inventory management is creation and maintenance of a sensible, effective warehousing design. A well-organized, user-friendly warehouse layout can be of enormous benefit to small business owners, especially if they are involved in processing large volumes of goods and materials. Conversely, an inefficient warehouse system can cost businesses dearly in terms of efficiency, customer service, and, ultimately, profitability.

Automated inventory control systems work by scanning a barcode either on the item. A barcode scanner is used to read the barcode, and the information encoded by the barcode is read by the machine. This information is then tracked by a central computer system. For example, a purchase order may contain a list of items to be pulled for packing and shipping. The inventory control system can serve a variety of functions in this case. It can help a worker locate the items on the order list in the warehouse, it can encode shipping information like tracking numbers and delivery addresses, and it can remove these purchased items from the inventory tally to keep an accurate count of in-stock items. All of this data works in tandem to provide businesses with real-time inventory tracking information. Inventory control systems make it simple to locate and analyze inventory information in real-time with a simple database search.

Features of Inventory Management Software by Splash:

1.      This Billing and Stock software can be installed at computer or laptop so that accountants can use it anywhere.

2.      Report and Stock Management software by Splash is user friendly and very    easy to operate. 

3.      Report and Stock Management software has facility to view the total Reports and purchases drawn for a particular day.

4.      Splash’s billing and stock software has facility to define flexible tax structure

5.      Splash’s billing and stock management software also has a facility to view the monthly and yearly graphical analysis report.

6.      Splash’s billing and stock management software has facility of auto update of stock when purchase or bill, Report is drawn.

7.      Billing and stock software by Splash Aurangabad has facility to add users and assign rights to them.

8.      Report Printing and Stock Management Software by Splash Aurangabad has facility to view and reprint past Reports and Purchases.

9.      Billing and stock software by Splash Aurangabad has facility to add users and assign rights to them.

Reports Generated:

I.        Product Listing:

1.      By Category: Prints all the products available in particular selected category

2.      All products: Prints all the products available of all category

II.     Manage Supplier:

1.      Report prints all the supplier name with their details

III.   Products on Reorder Level:

1.      Report prints all the products with theirs reorder level details and current stock available.

IV.   Purchasing Order & Receive Form:

1.      Purchase order: Report prints all the purchase order of selected date.

2.      Receive order: Report prints all the receive order of selected date.

V.     Stock Monitoring:

1.      Print all the products with details like price, current stock, and vat.

VI.  Defective Stocks:

1.      Defective stock: Report prints all the products which are defective.

2.      Return stocks: Report prints all the defective products that are returned.

VII. Sales Receipts:

1.      Prints any receipt made earlier.

VIII.  Manage Trucks/Loading/Backload:

1.      Manage trucks: prints all the trucks with their details.

2.      Truck order load: prints all the order with truck id which are going to deliver order.

3.      Truck order back load: prints all the order with truck id which are going to deliver order.

Inventory control is important to ensure quality control in businesses that handle transactions revolving around consumer goods. Without proper inventory control, a large retail store may run out of stock on an important item. A good inventory control system will alert the retailer when it is time to reorder. Inventory control is also an important means of automatically tracking large shipments. For example, if a business orders ten pairs of socks for retail resale, but only receives nine pairs, this will be obvious upon inspecting the contents of the package, and error is not likely. On the other hand, say a wholesaler orders 100,000 pairs of socks and 10,000 are missing. Manually counting each pair of socks is likely to result in error. An automated inventory control system helps to minimize the risk of error. In retail stores, an inventory control system also helps track theft of retail merchandise, providing valuable information about store profits and the need for theft-prevention systems.

For More Details : http://www.youtube.com/watch?v=MJB2AWPkTEY 

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Why is India one of the most preferred destinations for software development worldwide?

Everyone all over the world obsessed with the question in their mind that why is India one of the most preferred destinations for software development? This is truly based on certain factors which are discussed below: 

Software Development commands extreme significance for new IT solutions and IT-enabled services due to the rising global demand. Appropriate software development gives the right amount of thrust to the web sites functionality and service quality. This task requires thousands of skilled professionals who put in hours of research, experimentation, testing and trials. Apart from the rising demand, skilled manpower, technology and infrastructure are essential for Software development and that makes offshore outsourcing an indispensable requirement for the IT Industry.

The developed countries that desire to make rapid strides in the field of IT, finds it difficult to get the right amount of manpower needed. On the other hand, developing countries, especially Asian countries like India and China, have followed an IT policy that resulted in the generation of enormously skilled manpower and a well developed IT infrastructure. This has led to a real boom in outsourcing industry with the destination being India.

India is one of the most preferred destinations for software development worldwide. With its highly skilled and available human resources, use of latest technologies and high–end infrastructure, India is capable of handling any type of software development. The strong point of software development India industry is its capacity to develop more rapidly the required software and provide innovative and customized software development solutions.

Study suggests that 50% - 75% of the Fortune-500 companies have outsourced work to India and the Indian IT outsourcing industry is growing by 25% - 30% on an average annually. Thus, India evidently has a competitive edge and clear-cut advantages over other contending players (destinations) in the Software Development Outsourcing business.

Indian outsourcing destinations like Bangalore, Chennai, Pune, Mumbai, Delhi and Kolkata are developing with lots of investment in the infrastructure in terms of power, road and communications. India also has the expertise of quality certified software firms and outsourcing suppliers that not many countries can boast of. So as of now, India seems to hold its position as the leader in outsourcing service market.  

Some of the factors that make India a potential software outsourcing destination are:

Vast Manpower:

With a population of 1 billion and ever expanding army of highly skilled science and English graduates, India has unmatched potential in the human resources department even exceeding China in this area.

Cost-effective services:

Outsourcing to India helps the companies in saving more than half of their operating costs without compromising on quality as India has a large pool of educated, trained and technically skilled manpower unlike the west, where technical talent is rare.

High-quality services:

India uses the latest in software, technology and infrastructure to provide global customers with high-quality outsourcing solutions. India has also proved it’s technical superiority over other countries that provide outsourcing solutions. India has the largest English-speaking audience after the U.S. which is computer literate as well.

State of the Art Communication Infrastructure:

Indian companies offer plenty of high-speed bandwidth via satellite connectivity, submarine cables and optical fiber networks. Add to this the fact of countrywide mobile telecom coverage and you have 24/7 flawless connectivity with vendors and clients 365 days of a year.

Time Zone Advantages:

The time zone advantages between India and countries in the U.S and U.K has proved to be another important factor why companies outsource to India. Organizations who wish to provide their customer with 24x7x365 days customer support or help desk services can outsource to India.

Rapid Economic Growth in India:

Indian economy has been witnessing a robust growth rate for many years now and the Indian growth story is largely due to the services sector, which accounts for more than 50% of the GDP. This has catapulted India in the position of world's second largest software exporter, a leading IT superpower indeed.

Stable Polity with Clear IT Policies:

India has been witnessing new political maturity with large but stable coalitions that have continued the market-friendly reforms introduced in 1991. The IT and ITeS sectors have been the biggest beneficiary of these policies. The government is also trying to cut down the red tapeism by introducing single window clearances for setting up IT projects and firms. The Indian Parliament has enacted the Information Technology Bill, 2000 recognizing electronic contracts, barring electronic crime, and e-filing of documents. India also has a nodal association of the IT companies called NASSCOM to provide a blue print of the needs and progress path of IT vendors and companies in India.

Attractive Tax and non-tax Incentives for IT Companies:

The Central Government has provided many tax and other incentives to boost investment in the IT outsourcing industry in India. Some of the benefits accruing to IT firms are:

1.  10 year tax holiday for companies involved in construction and/or maintenance/operation of an infrastructure complex.

2.  10 year tax holiday to firm that generate and/or distribute power.

3.   5 year tax holiday to telecom firms providing internet and broadband services.

4.  10 year tax holiday to IT firms setting up venture in notified IT parks and Special Economic Zones (SEZ).

5.   5 year tax holiday for IT and other firms setting up a project in backward districts and states.

6.   IT outsourcing and other firms also get tax incentives on exports as tax is deducted on profit for exporters setting units on SEZ's, Electronic Processing Zones (EPZ), Software Technology Parks (STP).

7.   Attractive tax incentives are available on expenditure for research and development including deduction of 150% on scientific research and 10-year tax holiday for scientific and industrial research R&D companies.

Today, the MNCs have a greater focus on the Indian IT outsourcing and software development market. While a large number of companies are outsourcing their software development to Indian companies, others are establishing a presence in India and participating actively in the software export arena. Thus, India is an ideal offshore destination for software development, programming and IT outsourcing due to a number of factors some of which are categorized above.

Some other factors that truly matters while considering India as a Outsourcing Hub:

Workforce:

The size of India’s workforce is between 430 and 471 mn

Low Budget Tier II Cities:

Cities like nashik, sangli, aurangabad (maharashtra), mangalore, mysore, hubli-dharwad, belgaum,coimbatore, nagpur, kochi, trivandrum, chandigarh, mohali, panchkula, ahmedabad, bhubaneswar, jaipur, visakhapatnam, raipur and lucknow offer a truly sizable lower business process overhead

Government Support To Infrastructure:

The Government of India in partnership with private infrastructure corporations is providing robust infrastructure throughout the nation

Fortune 500 Presence In India:

Almost half the fortune 500 companies have offices in india

Number One Outsourcing Destination:

80% of European and US outsourcing firms ranked India as their number one outsourcing destination

Major Differentiators:

Favorable government policies, fast-developing infrastructure, and an immensely talented work force, are responsible for the Indian IT outsourcing industry continuing to experience a tremendous growth rate of 25–30% per year

Unmatched Vast Pool of Skilled Resources:

The country has a population of over 1.2 billion people and around 3.1 million graduates are added to the workforce each year

Largest English Speaking Country:

India also holds the distinction of being the largest English speaking nation in the world, larger even than the US and UK combined together

Price Flexibility:

A good developer in the U.S. can cost anywhere from $50 to $80 an hour, while a developer in India can be at as low as $15 per hour, and we are talking about full-time, permanent employees here. This pricing flexibility allows companies to manage their budgets and reap large profits

Cutting-edge Infrastructure:

India offers state-of-the-art telecom, ISP, and cellular networks, latest and best in software technology, including customized solutions for various applications such as e-commerce, business process re-engineering, system migration, legacy system maintenance, system integration, and much more. Outsourcing companies also maintain uninterrupted communication channels with clients by providing high-speed bandwidth via satellite connectivity, submarine cables and fiber optic networks

IT – A Top Indian Priority:

IT is regarded as one of the top 5 priority industries in India, and the government has framed policies to obtain maximum benefit from the same. IT industry has support in the form of various tax benefits and the Information Technology Act, which recognizes electronic contracts, bars cyber-crime, and supports e-filing of documents

Favorable Time-Zone Difference:

India provides the quickest time-to-market due to an advantageous time zone difference. The 12-hour time difference between India and the USA provides companies with numerous opportunities for work to be completed earlier than expected, leading to greater efficiency, increased productivity and more time to focus on other crucial tasks. India is an ideal option for 24X7 Customer Support and Helpdesk services

Global Offshore Market Share:

India has 65% of the global offshore BPO market

US Software Export Share:

India is the favorite with 82% of Nasscom

Top CMM Capability:

THREE out of every FOUR SEI-CMM 5 companies worldwide are located in India

Global Reach:

India exports software to over 95 countries

2nd Largest Exporter of Software:

India is the world’s 2nd largest exporter of software, after US

40% of Start-ups in Silicon Valley:

India is the source of management and technical talent for over 40% of new start-ups in Silicon Valley

Number One in ISO 9000 Certification:

India has more software companies with ISO 9000 certification than any other country in the world

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Hotel Management System Can Save Your Hotel Thousands

The importance of an effective management for an enterprise does not need any explanation, as it helps run the enterprise smoothly. That is why itself, the concept of management has been revolutionized since the technology has started to develop. Nowadays, hospitality enterprises like hotel also implement effective management systems with the help of modern technology. This management tool that is well equipped with exceptional features to fulfill the essential tasks of a hotelier make this enterprise more organized. Hotel management system can takes the hotel to greater heights of progress and makes the hoteliers more confident to succeed than ever.

Reduced work of hotel manager:

It is clearly understood that a hotel manager has various tasks and hectic schedule. He is also responsible for bringing profit while being in the budget zone. In addition to supervise the hotel, he is also a reliable figure for the customers. That is why hoteliers prefer to choose the software to do these functions. Hotel management system works as an automated form of manager. It helps reduce the work load of a manager functioning alongside him.

Enhance the business:

Nowadays plenty of hospitality enterprises choose the trend of automation. Hotel management system is a perfect solution for the hotels who want an automated process within their system. This ideal medium, with its vast features, extract the most from a business.

A cost effective option:

Hotel management system becomes famous due to its cost-effective factor. Hotel management software is clearly an effective as well as affordable tool, as it offers a package of exceptional services attached with a friendly price tag.

Increase revenue generation:

One of the core purposes of the hotel management system is revenue generation. With the effective and useful features of hotel management system, the hotelier gets maximum revenue out of their business.

Save time and money:

The hotel management system is the best investment for a hotel business in terms of time and money, as it enables proper utilization of time and money. As it reduces the manual efforts of management and administrative section in considerable amount, their remaining time can be used for other creative and more useful purposes. This reduced labour work also result in saving of money for giving wages. In short, hotel management system utilizes the better of both time and money and gives productive result.

Improve customer relationship management:

Hotel management system can effectively manage the interaction between the hotelier and the customers, as it can keep the customers updated with latest promotional packages and sending appreciation emails with just a few clicks.

Allow effective management:

Management is an important factor that lies well embedded with the software. Hotel management system is actually is the key tool to implement effective management protocols. With the software, the hotelier can analyze their business activities perfectly through concrete records. It can also fulfill some extra requirements that are beneficial for hospitality group.

In short, hotel management system is the tool that helps bringing an overall growth to a hotel and so hoteliers have been waiting for such a tool for long time.

Benefits of HMS :

Every web based hotel management system launched in the market serves every kind of hotel with an aim of serving the hospitality industry. It wants to make the hotel business profitable by boosting their sales and increasing the revenue. No matter whether your hotel is big or relatively small one, the benefits that you get from hotel management software are several. Therefore, plenty of developers manufacture such products across the world.

You will be convinced the importance of hotel management software when you see how it helps one of the key sections of hotel; housekeeping. A hotel possesses several departments among which housekeeping is considered as the back bone of any hotel, as the customers will be clueless without a proper housekeeping department. Therefore, the front desk executives have to work overtime to solve all the queries and requirements of the customers.

If you use hotel management software, it can help housekeeping department by providing unhindered services to make the guests’ stay comfortable. With this software, the housekeeping team can easily view the reservation chart and know which room is vacant. They can also enter the details of every room such as the problems with a room. It also helps update some specialized help that is required for some repairing work in a room so that the concerned department can do the needful immediately.

Advantages of hotel management software:

Let us have a brief look on the advantages of using hotel management software

1)     With this facility the customers can book rooms online

2)     It helps generating customer invoices

3)  Booking of different types of rooms such as conference rooms and banquet halls become for various purposes becomes easy with hotel management software

4)   Hotel management software makes the managers enable to prepare report on a daily, weekly, monthly and annual basis easily

The biggest advantage of hotel management software is that it ensures an increase in the percentage of occupancy on a daily basis and thereby increases the revenue out of the business with the facility of advanced online booking. Most of the people use the facility of online booking in advance, as they want to avoid any kind of trouble for room availability during their travel. Hotel reservation software helps the people across the globe to access your hotel online and book their rooms prior to their visit.

Hotel management software is also beneficial to the customers in many ways. Besides the ability to check room availability, it also helps them to know the tariff of each type of room and to select one according to their budget. It will result in a comfortable and affordable stay for the guests. It also avoids situation like double bookings and the trouble of reimbursement, which you might have faced in the past.

Hotel management software can reduce the possible manual errors and prevent mistakes from occurring. As it helps save their precious time and money, the staff can concentrate more on the other services being provided to their customers. All of the above mentioned advantages of hotel management software will help the authorities administer their business in a more systematic manner without any difficulty.

The software features include revenue management, yield management, booking management, day rate management, booking calendar, guest relationship management, check ins & check outs management, POS & folio management, invoices and receipts and accounting document reports.

Hotel Management System is an ideal software solution for Hospitality Industry that can be used at hotels, motels, inns, resorts, lodges, hostel, military guest houses, ranch, suites, apartments, medical centers and bed, breakfast operations. Our product Hotelier Hotel Management System is a comprehensive software suite consisting of integrated modules for various aspects of hotel management. The software is often referred to as Property Management System in the Hotel industry. Hotelier includes all the features required in a Hotel Management Software.

Hotel Reservation Software, Hotel Reception Software (Front Office), Call Accounting, Hotel Point of Sales (Restaurant, Bar, Room Service, House Keeping or any other outlet), Inventory Management System and Hotel accounting software. In our lodging software all modules are tightly integrated and all hotel programs are included in one price, meaning all modules are included at no additional cost regardless of your hotel size. Our Motel management software is developed for Microsoft Windows operating system using latest software developing techniques.

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