Saving, investing and making money with technology

Day: October 9, 2018

Three Ways In Which Technology Will Change The Way Houses Are Sold

Real Estate Agents’ fees in the US are amongst the highest in the world. The typical vendor in the States will have to pay out an average of 6% of their sale to agents. Whilst most people believe that having an agent is worth the price to prevent endless headaches, there are some who prefer to go it alone, successfully. With this in mind agents across the world are seeking to use new technologies to help add value to their services. Here are three of the best.

Laser Scanning Of The Property

This is the backbone of all the other options available to agents. Highly accurate scans of the spaces by lasers can be pieced together on a computer to give results that are more accurate than architectural plans. These scans take next to no time and leave the agent with a virtual 3D model that can be exported into other system (such as virtual reality) as well as producing simple plans for buyers to view. Currently, laser scanning just makes plans of rooms but as the technology improves and becomes cheaper it will be possible to scan in other things easily, such as furniture.

The Virtual Tour

Sick of open houses filled with sweaty couples you know don’t deserve the house you are looking at as much as you? Unable to travel halfway across the country to view your new home? With 360 degree photography that can be combined with laser scanned models agents can produce virtual tours. From the comfort of your current home, you can don a set of VR glasses and take the time to decide if it is right for you. Whilst VR takes away a lot of the power from an agent it makes up for this by expanding the market and providing significantly better customer service.

Augmented Reality

“Suddenly a wild Pikachi appears!” Augmented Reality (AR) is not just for Pokemon GO anymore. AR allows you to see virtual images within a real space. By using a special headset, smart glasses or even just your cell phone, you can make an otherwise conventional property visit come to life. One of the most basic things that AR can do is to clone the agent making it possible for multiple couples to have the same tour at different times. AR also allows agents to stage properties cheaply, putting not just virtual furnishings but whole dinner parties (if they want). In the future laser scanning will combine with AR to allow you and the agent to stage a home you are interested in with your own furniture and fixtures.
AR has another significant advantage over conventional sale methods; the building doesn’t have to be there. AR allows agents to show buyers around building plots, or houses undergoing renovation, whilst they can see the finished projects and physically tour them.

Real Estate agents are like any other business – there are good ones and bad ones. It is possible to save yourself money by avoiding agents and selling directly but this has the potential to go very wrong. Instead, it is best to shop around and get value for money. Finding agents at the cutting edge of technology, who can really earn their keep, is a cost-effective and sensible idea. The future of house sales is changing and soon will be unrecognizable from the system that has been in place for decades.

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2018 Supply Chain Management Trends

Introduction

Technology often affects supply chain management structures. One development in the past 10-20 years shaping the way supply chains operate is the increased use of Internet shopping. Will wholesalers and retailers keep up with SCM Changes?

Overview of Supply Chain Management

A supply chain is the path that goods or services travel, which is a journey that supply chain management oversees. For tangible goods, this process usually begins in a factory where items are built and ends with those pieces in customers’ hands. Service SCM often starts at a place of business where customers will have access to help they need, and these customers also might use online or telephone communication to make service requests. Some businesses choose to have an internal team handle SCM, while others hire outside experts.

Latest Trends in SCM

Because of the increase of online shopping, companies now strive to make delivery times as short as possible for as inexpensive as they can. This initiative involves the use of visualized data for tracking orders and shipments. To shorten delivery times, some businesses also have planted factories and warehouses closer to where customers live.

Along with data visualization and localized manufacturing facilities, current SCM practices seem to demand the use of the Perfect Order Index indicator. A company with the best POI is the one who ideally ships all orders on time with no damage or loss occurrences — or at least does ship perfect orders nearly 100 percent of the time.

Artificial intelligence technology including the use of drones, which also can speed up delivery, is another new SCM trend. Automation of purchases and orders works in conjunction with this recent SCM development. In some cases, this includes automated transaction procurement at both the business-to-business and business-to-consumer levels. It may also include automated invoicing along with immediate delivery of payment receipts.

Current SCM trends might seem impersonal to some shoppers. One challenge that both wholesalers and retailers face right now is providing the one-on-one customer service experience many consumers still crave. B2B clients also might still demand VIP, face-to-face service.

Conclusion

Offering the best of both worlds, which includes the efficiency that technology can provide combined with a physical presence near delivery destinations, could bring back the hometown feeling many people remember and miss from their younger days. For instance, local grocery stores delivered milk straight from a nearby farm to homes at least once a week. This took place at least until the early 1980s and is in a way happening again with online ordering being the major difference.

Combining digital order fulfillment technology along with the “mom and pop” feel of local pickup that some customers prefer could put a company ahead of their competitors.

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