What is Warehouse Management System (WMS)?
The warehouse management system is an integrated application that is used to optimize order fulfillment, inventory, operations, etc. It is also known as warehouse management software or WMS.
What does a WMS (Warehouse Management System Software) do?
A warehouse management system (WMS) provides an integrated platform that covers the entire supply chain lifecycle and allows users to generate warehouse data, analyze it, and provide analytical data and reporting on their operations, thus helping them to make better use of their physical assets and optimize their supply chain.
WMS (Warehouse Management System) uses in Supply Chain
The Warehouse Management System and supply chain is an integrated system for managing the storage, movement, and inventory of raw materials, intermediate products, and finished goods. The system also supports the movement and inventory of finished goods in a warehouse or distribution center, and stores the finished goods for future use.
What are the types of warehouse management systems (WMS)?
1. Standalone 2. Supply Chain Modules 3. Integrated with ERP 4. Cloud-Based
Features of Warehouse Management Systems
1. Warehouse design 2. Inventory tracking 3. Receiving and putaway 4. Picking and packing goods 5. Shipping 6. Labor management 7. Yard and dock management 8. Reporting
Cloud-based Warehouse Management System Software (WMS)
This version of WMS software is different from the on-premises system. Cloud-based WMS system is running on the cloud. WMS is easy to install and maintenance is not costly.
Benefits of Warehouse management system (WMS)
With the help of WMS (Warehouse management system), businesses have the following benefits 1. Reduce labor costs 2. Improve inventory accuracy 3. Improve flexibility and responsiveness 4. Decrease errors in picking and shipping goods 5. Improve customer service
What factors should be considered before WMS Selection?
1. Discover the use case of process, people, organization, technology, and data 2. Check usability, implementation support, adaptability, and simplicity. 3. Create a list of software and shortlist the best software that is suited for your business.
Checklist of Warehouse Management Systems Implementation
1. Identify Business Requirements 2. Set the processes before implementing the WMS software 3. Provide substantial training to your team for WMS 4. Appoint skilled professionals for support During the deployment of WMS
See how this electrical distribution company implement warehouse management software for their business and achieve 2X growth in business after 6 months of ERP implementation, download the case studies now