The essence of business from ages is to fulfill the requirements of the customers and make them satisfied with your services. Since the technology is in place, the way business is operated has changed drastically. However, the essence of the business remains focused on having satisfied customers. It all matters the quality of service offered to your customers for any size of the business, it was all manual operations involved in keeping the ready stock available and making speedy delivery arrangements to your customers. The advent of technology has resulted in significant savings of both time and money. Consequently, software applications now allow for the same manual operations to be performed more efficiently. The success of any business lies in the abilities exhibited in Warehouse Management System and Supply Chain Management.
What is a Warehouse Management System?
A warehouse serves as a hub for manufacturing and supply chain activities, housing everything from raw materials to finished products. Its goal is to facilitate efficient and cost-effective movement of goods. Utilizing the internet provides business owners with real-time visibility and transparency of inventory across different phases and locations. The Warehouse Management System can reduce labor charges and can ensure customer service on a better note.
-The warehouse management system can keep a track of the materials, goods, or products after reaching the warehouse. The tracking is continued till it reaches the end customer.
– In case the customer makes any returns, the tracking will apply the same. Briefly, we call all the functions like receiving goods, packing goods, dispatching goods tracking, and updating shipments together the supply chain.
-The involvement of manual operations and the high probability of human error can result in poor warehouse management leaving a threat to the inventory, time, and money involved. The automation of the warehouse management system can minimize human error and risk factors.
Types of Warehouse Management System
With the influence of e-commerce bringing in Third-party logistics can play a major role in your day-to-day business. It is quite interesting to know that the size and nature of your business can determine the type of warehouse management system. The types of warehouse management systems are
Standalone
It is the most basic and considered as one of the types of inventory management systems with ease of ability that can be applied to many industries beyond warehouse management. The standalone warehousing systems can be combined with existing or future solutions. Standalone consists of inventory management and warehouse operations. A standalone warehouse management system covers expiration date tracking, barcode scanning, cycle counting, slotting, putaway, receiving, picking, packing, and shipping.
Supply Chain Modules
A type of system that can support the total management of the whole supply chain; however, standalone solutions cover warehousing only. On the other hand, integrated systems offer comprehensive support for the entire supply chain. Integrated systems provide a seamless approach to managing the entire supply chain process, while standalone solutions limit themselves to warehousing operations. Supply Chain Module can offer the advantage of combining your fleet management, inventory management, and warehouse management software solutions, into a single SCM platform. Supply Chain Module can assist to integrate with other business software solutions like PAYROLL and ERP SOFTWARE
ERP integrated system
Enterprise Resource Planning combines the capabilities of many systems. ERP can be a better option for businesses looking to upgrade their software solutions on a larger scale. ERP integrated systems can offer an additional edge and improve the ROI. A very specialized system can provide robust supply chain execution and scalability.
Benefits of Warehouse Management System
The benefits of the Warehouse Management System software are as follows.
Minimizing operational expenses:
The effective usage of labor and space can reduce waste that can result in a factor of savings. The floor stimulators assist you to create the potential floor plans within the system space allowing the optimum use of space for your inventory
More inventory Visibility:
Access to real-time data can offer barcoding, inventory tagging, and serial numbers to your inventory increase the trackability in forecasting the demand. Make use of Just-in-time Inventory: This can refer to avoiding excess stock keeping and keep to the optimal stock inventory.
Making a continuous improvement:
The feature offered by Cloud Warehouse Management System can reduce the need for in-house IT staff automatically.
Security Enhancement:
Enabling employees to use individual accounts improves accountability in the transactions making it a transparent audit.
Inbound and Outbound Optimization:
You and your supplier can use the inbound planning tools to determine the best date and time for receiving the shipment based on labor and equipment availability. Utilizing the outbound tools can also facilitate delivery arrangements. Moreover, they can save time and money. Additionally, they streamline logistical processes, thereby enhancing overall efficiency.
An Efficient Labor Management:
It makes it more efficient management with ample scope to determine the viable ways to pick up, inventory optimization, and route creation for outbound sales. The advantage of assigning daily tasks and recognizing top performers and suggesting areas for improvement
Employee Morale Status:
The seamless flow of operations makes employees stress-free, improved productivity bringing in high returns from the market.
Better Billing Management:
The built-in management tools can ensure activity-based billing for a certain supplier, to decide the applicable fee. You have the advantage of providing credit card payments and upgrading to eCommerce platforms.
Enhanced relations with customers and suppliers:
Improving inventory visibility and scheduling shipments boosts satisfaction among customers and suppliers.
Conclusion
It makes it more meaningful to implement a warehouse management system that can offer high visibility and transparency into your business. The advent of technology brought fetching times by reducing the manual involvement that can save time, money, and a salient feature that can be applied to any size and any type of business. Warehouse Management System can assist to serve the purpose of better supply chain management and making customers satisfied on a high note.
At Krify, our skilled team excels in the latest trends and technologies to deploy robust, quality mobile and web applications tailored to your business needs. If you want to know further, please do not hesitate to contact us.
