What should a warehouse management system be able to do? Originally appeared on Quora: the place to gain and share knowledge, empowering people to learn from others and better understand the world.
A warehouse management system (WMS) is all-in-one software application designed to track, monitor and control warehouse, logistics, inventory and supply chain operations.
Right from the point materials enter the warehouse to storing them appropriately and finally moving them out of the storehouse to reach the end-customer, the system helps you manage all.
A warehouse management system is able to:
Optimize Warehouse Processes
A WMS induces automation and improves the efficiency of the staff. It eliminates human errors and heightens the performance of all the processes while running them simultaneously.
Effective Utilization of Warehouse Space
Apart from optimizing inventory, a WMS system also helps you improve the available warehouse space. It enables you systematically and effectively store products in relation to their receiving, packaging, and shipping areas. This ensures that warehouse space is rightly utilized and stock is quickly located.
Reduce Labor Costs
When you have automated warehouse processes, you require lesser staff resources and they can be assigned to the most necessary tasks that requires critical thinking, which no machine can do. This helps you to cut down employee costs while improving the productivity of your existing workforce.
Improve Inventory Accuracy
WMS software keeps track of orders and shipping movements, helping you forecast future requirements and stock goods to meet upcoming demands. Also, better controlled inventory minimizes stock write-offs due to out-of-date goods.
Decrease Errors in Picking And Shipping Goods
RFID integrated system keeps track of every piece of goods that enters or exits the warehouse. It helps in locating the products listed in a particular order, making picking and shipping goods free from errors.
Increase Transparency, Improve Flexibility and Responsiveness
WMS stores all your business data in a centralized databased, which can be accessed by all the departments, even remotely through any internet-enabled device. The single source of truth enables information transparency and improves responsive to provide better customers service.
Depletion On Inventory Paperwork
The WMS automates almost all administrative tasks and stores data digitally. When information is available at your fingertips, it can be collated for generating and publishing reports instantly.
Improve Customer Service
WMS software aids in delivering orders on time. This makes customers happy, develop trust with the business and increases retention.