Warehouse Management system (WMS) is a software used in any Organizations to control, and well manage Warehouse Operations. Warehouse management systems are used in various types and implementation methods, and its type usually depends on the size of the organization and its work.
Some WMS set-ups are designed specifically for the size of the Organization or Warehouse. Typically, WMS in the organization is designed or configured for the needs of a particular business or warehouse; For example, the e-commerce business.
Benefit of Warehouse management system
Although implementing and running WMS has to face a lot of problems and costs a lot of money, the organization also benefits from it. Implementing WMS greatly helps to reduce manpower costs in any organization, and improve Inventory Accuracy and improve accountability.
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May also help improve customer service. Modern warehouse management systems work with real-time data, so that the organization gets first-hand information on activities such as orders, shipment, material receipts and any movement of goods to manage.
Features of warehouse management systems
Why warehouse management systems?
WMS provides a simple procedure that is followed when handling materials coming into the warehouse. The main function of the WMS is to ensure and minimize shipment losses and to control them properly.
WMS enables warehouse owners to track all stock in the warehouse. This is very important because it ensures that the Warehouse Management team becomes able to know in seconds whether the warehouse has enough stock. It also saves space because it prevents overstocking in your warehouse.
The WMS system eliminates the need for more manpower costs. Such as: Monthly or weekly or daily Inventory can eliminate count. Reducing manpower can obviously reduce expenses significantly and save you money.
WMS Warehouse Management System automates most of the various processes, eliminating the need for paper documents, and data can be obtained quickly.
Picking and Shipping
The WMS ensures that the right product works based on your business rules (LIFO- “Last-In, First-Out or FIFO- first-in, first-out). A good WMS will ensure that the correct orders are sent to the right people at the right time.
With this accuracy, to avoid mistakes arising while transporting freight, and eliminate the form of more efficient and less expensive transportation system.
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3 ways to grow ecommerce warehouse by WMS
If you’re experiencing growth and fulfilling orders in an ecommerce warehouse, you need proper warehouse management system build and oversight in place. This requires experienced experts to manage the WMS along with the tools and facilities to support not only your volume today but projected growth as well.
1. Enable logistical growth
With growth comes new challenges related to fulfillment logistics. Fast-growing brands understand the impact of warehouse efficiencies, from the number of dock doors that can be used at once and the use of space in the facility, to the number of pickers and packers you have on the floor each hour of the day.
Warehouse management system should choose the right technology, shipping carriers, and delivery options to use as well as secure the best warehouse that will meet your future growth without you outgrowing the space immediately. Together, these things help you receive inventory more efficiently, pack boxes quicker, and deliver more orders on time.
2. Packages are processed and shipped faster
Warehouse management system makes operations leaner and more efficient. Stations are designated in each area of the warehouse for each step of the fulfillment process (e.g., separate areas for warehouse picking, packing, labeling, returns, etc.). Each fulfillment associate is focused on one task per shift to maximize their output.
Setting up each functional area for success also means reducing the physical steps needed to get from one place to the next and routing everything in a streamlined way. The faster all of this work is done, the sooner packages are ready to go out the door.
3. Better storage allocation
Warehouse management system helps you store each SKU in a separate dedicated storage location (e.g., in a shelf, bin, or on a pallet) that makes the most sense for the layout of the warehouse and item in question. Once the inventory is in its place, a warehouse management system helps pinpoint the exact location of any SKU so it can be retrieved quickly.
Accurate warehouse management also helps you keep tabs on real-time inventory levels, so you never run out of stock or run out of space. If you sell products that have expiration dates or are subject to recall, you can also store them by lot number and ship the oldest goods out first.
Advantage of 3PL logistics with Warehouse Management System
Because warehouse processes are so complicated and expensive, many brands choose to outsource the entire fulfillment process to a third-party logistics (3PL) company. Unlike an on-demand warehousing company that finds warehouses with excess space, 3PLs run their own fulfillment centers and should have standardized warehouse management across all of them. Here are some of the advantages of working with a professional logistics company to store inventory and ship orders.
3PLs Logistics work with thousands of companies — including seasonal brands, high growth brands, and everyone in between — so they have a lot of experience and can do everything from analyzing shipping zones to forecast demand and inventory.
Continuously aggregating and learning from data helps optimize each warehouse for greater efficiency as well as provide reduced shipping costs and transit times for your customers, all of which help you grow.
Multiple warehouses and larger geographic footprint
When you run your own warehouse, you are only shipping from that one location. Partnering with a 3PL means you can store inventory in several of their fulfillment centers to keep inventory closer to more customers. If you ship nationwide, it’s a must that you have warehouses coast-to-coast.
Ecommerce order fulfillment services from a 3PL eliminate the most time-consuming logistics tasks (inventory storage, picking, packing, shipping, order tracking, replenishing supplies, returns, kitting, etc.) and the stress of managing a warehouse.
While they take care of these tasks for you, you can monitor their performance and use the data they provide to grow and make better business decisions.
Better uses of warehouse space
If you’re on the verge of outgrowing your warehouse space, working with a 3PL can make your life a lot easier. Even once you’ve outsourced fulfillment to a 3PL, you can either repurpose your old warehouse space to focus on a different aspect of your business (e.g., growing your B2B or wholesale fulfillment channels in-house), or let the lease end.
A 3PL can help you pay for only the space you need — even if that’s by the bin, shelf, pallet, or any combination of those for your products. That way, you’ll never have to worry about outgrowing (or never growing into) the space you’re paying for.
Just because you’re not working inside the 3PL’s warehouse doesn’t mean you won’t know what’s happening. Through their technology, you should be able to see your inventory flow, including when inventory is being received, stowed or put away, picked, packed, shipped, and any other movement.
With logistics warehouse management software, you can search orders by tracking number, destination country, the number of items it contains, filter by sales channel, fulfillment center location, as well as get full transparency into performance such as fulfillment speed, orders fulfilled on time, accurately, claim-free, and much more.
Dear Friend The purpose of this blog is not to promote any software or to do any kind of publicity at all. This blog is only to provide you with good knowledge.