Today strong warehouse management is the stepping stone for every successful brand. It doesn’t matter whether you have a retail store or an ecommerce website like Amazon; if you are selling something, you need an inventory, and therefore you need efficient warehouse management too.
This is where the warehouse management system comes that can run your warehouses like clockwork.
How does a warehouse management system fit in your business?
In a fully integrated warehouse cycle, the first thing that uses your warehouse management system is the raw materials that you receive in your warehouse. Later the raw materials are then consumed by your material planning system, and the finished goods are then returned into your warehouse management tool.
Your warehouse management system keeps track of all the cycles that your product goes through right up to the point where the product is packaged and sent off to its delivery point using various forms of transport systems.
What can a Warehouse Management System do?
The warehouse management tool provides a simple way to handle all the shipment that arrives at the warehouse. Based on needs, the user can customize it, but at the core, it has the only function, and that is to handle all the warehouse shipments properly and minimize the time lost but business owners.
To keep a tab on all the warehouse inventory, most business owners use some basic warehouse management tools. This helps the warehouse management team determine whether there is enough stock in the inventory or you need to order more stock to prevent shortages. This helps save costs in the long run as business owners can avoid overstocking and at the same time ensure that there is enough stock to cater to the demand.
Slotting for efficiency
Slotting for efficiency means to stock the inventory so that products can be moved faster and easier when required. This means that heavier stock can be placed close to the door, and not at a distance so that you don’t have to waste time on shifting. This would help in the processing of orders even faster than before. The products that are often moved together can be placed close to each other, making the warehouse management quicker and efficient.
WMS eliminates the need to get more labour to undertake some of the functions that can be quickly made by the central point in WMS. One of the tasks that demand more labour is the full inventory count, which often happens monthly or weekly, and using WMS, it can be avoided entirely and done within just a few minutes. Reducing the labour count can allow you to cut back on expenditures considerably.
Handling documents is one of the most time consuming and resource-intensive processes. They eat up quite a chunk of money when it comes to buying and storing them. Therefore using a warehouse tool automates most of the methods and eliminates the use of paper documents to a great extent. By using WMS, every employee can have the data necessary to perform their jobs at their fingertips.
Picking and shipping
A good WMS ensures that the right products are picked and shipped based on your business rules. It can make sure that the right products are packed and sent to the right people from the warehouses. With this accuracy, there are fewer possibilities of any mistakes, and even if they happen, they can be easily tracked back to their sources. Thus WMS ends up making the packaging and shipping process a lot more efficient and a lot less costly.
Ensuring that the right products are packaged for the right customers and then served as and when they need them, the warehouse tool improves overall customer satisfaction. Due to the excellent services, it becomes easier to retain existing customers and quickly attract new ones. Also using an inventory management tool along with the WMS can give you the exact idea of which products are popular and which are not.
Tracking and visibility
Even in industries that require tracking with the highest accuracy, the WMS can provide a lot of information, expiry dates, serial numbers, and UPC. This does add cost to your business but offers great returns when advanced visibility is required. Recalls and warranty issues are resolved quickly using WMS; it becomes easy to track the problem, and payouts can be issued directly to the customers.
Best warehouse management systems often come in the form of databases like Microsoft SQL and can generate reports from the box. All the data collected can be viewed in different ways, such as the percentage of warehouses utilized, the new stock needed to order, transactions done by each employee in an hour. You can even improve your shipping method and reduce some expenses by negotiating better rates with your service provider.
Now that we know what WMS is capable of, it is time to go online and pick some warehouse systems that offer trial periods so that you can see whether it fits your needs or not. Warehouses that ship only a few times a day may not be able to utilize all the features included in the tool. So seek out a comprehensive warehouse management tool that fits your needs and also is not too heavy on your pocket.