Finding the right warehouse management system is crucial for IT, engineering goods, e-Commerce, electronics and telecommunication sector, pharmaceuticals and several other business verticals. If things at the warehouse of a company are not running smoothly, then its day-to-day business operations are most likely to suffer.
Do you know? The warehousing market in India is largely dominated by unorganized players, who account for nearly 85 percent of the market. And the remaining percentage of organised warehouses is working with the current capacity of 106.95 million metric tonnes (MT).
To further increase this capacity and to manage the inventory load efficiently, both organized and unorganized warehouses need to adopt the best automation tools. With a robust warehouse management system, tied-up inventory can be managed efficiently.
It is important for streamlining different business functions like keeping a track of in-transit and at-rest stocks, and managing the inventory level. It provides an accurate count of different items in the inventory along with a clear picture of those stocks which are selling profitably.
It also provides managers quick access to accurate data and information, which they can use for enhancing the overall efficiency and productivity at the warehouse.
But with different warehouse management systems available in the market, you may find it difficult to decide which one of them is the best match for your company. Here’re the simplified steps towards making investment in the best warehouse management software.
Know Your Warehouse Management Requirement
You are facing several challenges while trying to manage day-to-day operations in your warehouse manually. So, why not make a smart move and invest in a good warehouse management system? List down all your expectations from a warehouse management system, ask for a free demo, and zero in on the one that fits your specific needs.
Get the Realistic Budget
For successful implementation of a warehouse management system, you need to invest in the right set of hardware and software. Hardware/software costs are something which can be predicted before the final implementation.
But, there are other hidden costs like maintenance, upgrade and consultancy, which are often not counted at the time of deciding the budget for Warehouse Management Software investing.
If you don’t want to be surprised by variable costs after Warehouse Management Software implementation, set the IT budget such that you have some money to spare later for software upgrade and maintenance.
Scalability & Flexibility of Features
Some of the essential features that define the usability of a warehouse management system are:
- Integration with existing applications
- Reporting & analytics
- User-friendly & intuitive interface
- Advanced Data Storage
- Technical support
A warehouse management system that is packaged with these essential features can prove to be a smart choice. However, remember to check for the flexibility and scalability of features. This will ensure that the software doesn’t end up limiting the functionality of your growing business and flourishing warehouse. The software should always provide the scope for extending the level of automation at your warehouse.
Consistent Support from Vendors
Check out for those support facilities which you would receive from the vendor’s end after a warehouse management system is installed successfully. Sooner or later, your employees are likely to face certain challenges in terms of using different warehouse management modules. To ensure that the workflow doesn’t get affected, it’s important that the vendor provides round the clock technical support to warehouse management system users.
However, to reduce the dependency on a technical support team, it’s better that you choose a warehouse management system with user-friendly interface. If the interface is confusing for users, then the warehouse process is bound to suffer. For accurate tracking of the inventory location, quantity levels, shipping status and sales reports, a user-friendly WMS is the only solution.