The growth of the business is dependent on the smooth working of the processes working within the unit. A very significant part of supply chain operations is warehouse management. It is an integral part of the process which ensures that the logistics business functions effectively and seamlessly. Without a powerpack warehouse system, the flow of goods and services is impossible.
To make this critical task easy, the role of a WMS or the Warehouse Management System is critical. The WMS will help managers to monitor work at different levels; thus, enhancing the overall productivity.
What is a Warehouse Management System (WMS)?
WMS is software that records and manages the stream of activities, within a warehouse. It takes care of all critical aspects like inventory management, shipping, order picking and delivery. The WMS tracks the movement of orders from the warehouse to the final point of delivery.
What are the Benefits of a Warehouse Management System?
Optimum Usage of Space
WMS allows warehouse managers to optimise the space usage by creating a detailed floor plan analysis. It evaluates the floor spacing and provides better planning, ensuring reduced wastage of space, time, and money. Additionally, WMS also ensures the logical movement of goods as per the first-in, first-out rule. This simply means that goods that have entered the warehouse first, must exit first. By following this rule, organisations can maintain the quality of products and ensure that the good do not expire in the warehouse.
Greater Inventory Visibility
The warehouse management system provides accurate and real-time inventory levels; thus, empower managers to avoid delays in order completion. Using the WMS solutions and the various features of the software, the warehouse department can track the exact location of the inventory and avoid situations like forgotten or misplaced inventory.
The best part of this software is that it can easily integrate with the ERP software and help in planning the roadmap for fulfilling future demands. This integration can also help in determining the high demanding products and work towards maintaining a healthy stock of these products.
Billing is a critical activity in the entire supply chain management process. Therefore, it is crucial to managing this task accurately. To fulfil this complicated task without much effort, you can opt for the 3PL WMS, which can help you generate multiple bills accurately.
3PL software integration
Small-time businesses must go for the pay and use model of the 3PL WMS software. This 3rd party software makes it easy for growing businesses to adjust with the sales volumes and ensure that all orders are fulfilled on time to ensure greater customer satisfaction. During the festive season or peak season when the demand is at its peak, the 3PL model can work to the benefit of the organisation.
Effective Shipment Management
The incoming and outgoing movement of stocks from the warehouse can be managed with the help of a warehouse system. Every piece of inventory is recorded with their date and time of arrival; based on this date the inventory usage is planned. The advanced WMS solutions can integrate with the Transportation Management System and take care of the final product delivery process as well.
A well-equipped warehouse management system is designed to improve consistency in work processes, quality standards and positive customer experience. Select the WMS with all the features that suit your business and helps you to improve your process and profitability. Large organisations must opt for the cloud-based WMS that can provide more accuracy, flexibility, and scalability.