article thumbnail

Functional Prototype: How to Iterate with your Software Product

Altexsoft

Prototyping is an essential part of any production, whether you’re developing hardware or software. Our sentiment analysis tool for aggregating hotel reviews is a good example. What is a functional prototype? PoC vs Prototype vs MVP. “If If it can’t be made here, it can’t be made.”. Priority Designs.

article thumbnail

Product Development Process: How to Bring Innovation to Life

Altexsoft

An NPD process is often considered the very first stage of the product life cycle , followed by the introduction, growth, maturity, and decline phases. It involves multiple business units, including product management and product development teams, and is coordinated with a product strategy. Distribution.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Inventory Management Software: How Technology Addresses Inventory-Related Issues

Altexsoft

However, if you are, say, a hotel, a law firm, or a daycare, you probably don’t have a problem counting your office supplies, towels, light bulbs, or furniture items and don’t need a sophisticated inventory management solution to maintain records and support the reordering process. Production management.

article thumbnail

Lean Startup: Build Iteratively Using Feedback Loop and Lean Canvas

Altexsoft

ClassPass for fitness studios is what Booking.com is for hotels – a search engine and a reservation system. Be it a product release or a reach of a minimum number of customers. This can be office rent, hardware, recruitment, market research, etc.