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Firewall is a network security system that monitors incoming and outgoing network traffic based on certain rules and regulations. It creates a barrier between an internal and an external source (mainly the internet). They are broadly categorized as network firewalls and host-based firewalls. This technology came into being with the beginning of the internet in the late 1980s.

A firewall basically works as a filter between the computer or network and the internet. It is used in numerous ways in to add security in a business. Large business firms have complex firewalls to protect their information. A firewall can protect the outside computers to have an access to the inside network. It also prevents insider trading done by the employees for their own advantage.

If you are starting off with a new modern-day factory/warehouse, you need to update your vocabulary with some common terms that will help you communicate with your employees efficiently. It is a rookie mistake to consider order management and inventory management, the same thing.

Here, we shall discover the difference between both of them.

Inventory Management Vs Order Management

Inventory management is the process of tracking the items in your warehouse. This process allows you to keep note of all the items in your warehouse as well as the ones that come in and go out on a regular basis. It also keeps track of the location at which a particular item is placed. Inventory management is exclusively about maintaining the contents of a warehouse in a systemic and orderly fashion.

Order management is the process of keeping track of the orders placed by your customers. It helps you keep track of the various needs of your customers as well as clients. The order management process helps you extrapolate the supply and demand and plan your near-future actions accordingly. Therefore, order management is exclusively about maintaining a strong demand-supply chain between your clients and customers.

Computational Aspects of Inventory Management

The processes that make up inventory management include:

  • Bar-code scanning: Use of RFID tags helps the employees quickly locate articles for shipping or processing.
  • Automated article stacking: In case of a very large warehouse facility operated by robots, the automated article stacking machines can help reduce the time taken for the organization of objects.
  • Offline inventory tracking: An offline inventory tracker system notifies you about the deficiency or surplus amount of a particular product.

Computational Aspects of Order Management

The processes that make up order management include:

  • Transportation and hauling equipment: Transportation equipment will carry the required articles from stacked location to the loading bay.
  • Data entry, shipping, invoice, accounting computers: These computational devices will help you keep track of the sales and generate comprehensive sales reports.

Understanding the difference between order and inventory management is the first and the most important step of running a well-organized warehouse.

At Wasitech Systems, we have an expertise in helping people with the proper Custom Software Development that facilitate business transformation and growth using enhanced frameworks and mature methodologies.

Whether you own a business or are a professional blogger, you need to make your presence to a wider audience. In today’s internet savvy world, online marketing strategies are the best way to make a larger audience aware of your existence. Using social media platforms, taking to email marketing, forums or discussions – a number of effective marketing strategies can make your venture successful. With a minimum time and expense, you can create an online presence.
Once you have identified your target audience, the main objective is to decide the ways to reach them. Like mentioned before, social media platforms are a great way to reach a larger audience. Whether you create a Facebook fan page wherein your followers and fans can communicate with you about your business, products, and services, post their queries and requirements or tweet through micro-blogging site, Twitter to your followers or those you visit your individual business page, both these techniques have proved successful for many. For those who want to expand their business and are looking for like-minded people, LinkedIn is an effective tool. You can hire interested professionals, connect with influential business owners and expand your business network.

Another effective way of reaching your target audience is making use of Search Engine Marketing and Display Advertising. The professionally built website attracts search engine spiders and improves your page ranking. This, in turn, increases your website traffic and helps to generate positive leads. Display or banner advertising means purchasing an ad space on other well-doing website and placing text/graphic ad that links to your website. However, it is an expensive technique than Pay-Per-Click but is effective if shown to a tightly focused audience.

Forums and discussion groups are interesting ways to gather more audience and bring them to your website. Giving answers to queries with a link to your website can create a surge in your website traffic.

Feel free to contact Olive Solutions – professional digital marketing service provider who can manage all your SEO, SMO and PPC accounts as per your needs!