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What is Warehouse Management Software?
Warehouse management software helps businesses control and administrate different operations, from the moment goods enter to the time they leave. Warehouse management system is capable of supporting and optimizing warehouse functionality, and facilitates functions like planning, organising, and directing the utilization of available resources. Additionally, warehouse management software also manages the moving and storing of materials into, within, and out of a warehouse and supports staff in their warehouse roles & responsibilities.
A warehouse management system is often integrated or used alongside a transportation management system or an inventory management system.
Who needs Warehouse Management?
Warehouse management software can be used by any company that stores raw materials and final products in bulk. Retail businesses, FMCG products making companies, logistics & supply-chain companies, freight & transportation service providers, distribution centres are a few examples of who can benefit from warehouse management software.
Warehouse management is important primarily in the retail industry, but it also benefits those in the telecommunication, health care, pharmaceutical and security services sectors.
Why you need Warehouse Management Solution?
Warehouse management software provides in-depth visibility into the current location of inventory, whether in a storage facility or in transit. It also assists in managing supply chain operations from manufacturer to the warehouse, and then to the retailer or a distribution centre. The best warehouse management software comes with tools that allow businesses to successfully administer warehouse operations right from scratch- when goods enter a warehouse until the time they move out. Top warehouse management systems include modules like inventory management, order fulfilment tracking, order pickup and shipment, auditing and accounting, among others.
With a robust software, organisations can reduce labour costs, improve inventory planning, decrease errors order pick-up & shipments, and improve the overall customer service. Top Warehouse management software provides organisations with real-time data, allowing them to manage activities like order shipment, storage planning, receipt generation and the movement of goods.
The final goal of using a warehouse solution is to automate, streamline, and simplify warehouse management activities with a comprehensive digital bundled application.
Modules in Warehouse System
A warehouse inventory management software offers organisations with a unified interface to manage different verticals of goods management operations. Its key features include: -
Most importantly, warehouse inventory management software ensures that your stock is placed in a way that moving it is easier. You can use this module to place the stock at the right place, which allows your employees to easily and safely access it. Simple tasks like placing fast moving SKUs in shelves between waist and shoulder height so that they can be quickly retrieved, is made easy with this module of stock management software. You can also designate areas where damaged items can be disposed easily. Rather than waiting for operations to slow down before you decide to reorganize, make warehouse optimisation a priority with stock management software.
With this module, employees can track the exact location of each and every product placed at a warehouse with ease. You can learn more about this in the tracking capability module.
The order management & fulfilment module streamlines & largely automates order processing for businesses. It provides real-time inventory information, a vendor information database, customer database, records of customer returns & refunds and billing and payments information. It also provides order processing records and ledger information. Using this module, businesses can improve sales visibility, enhance customer relations, and conduct efficient order processing with minimum delay or back-orders.
The labour management module assists businesses in closing the employee engagement gap. With this module, companies can keep a track across every function in real-time, from the office or on the go. Warehouse managers can use it to view and analyse employee performance data, assign tasks, track employee schedule and perform leave management for faster and more responsive decision. Using this module, businesses get improved workforce efficiency, reduced turnover and increased productivity in the warehouse.
Features in Warehouse Management Software
Warehouse management software comes with some key features which help warehouse staff in more ways than one. Some of its features include:
Advantages of Warehouse Management Software
With warehouse management software, organisations gain benefits like reduced labour cost and improved inventory accuracy. Also, you can be more flexible and responsive to issues, reduce errors in picking and shipping goods, and improve customer service.
Q. How fast can warehouse management software be deployed?
A. Depending on your requirement, it can take between a day to a couple of days. If you’re a small enterprise with an average sized warehouse, deployment can be done within 24-72 hours. In case of larger companies with massive storage space, additional hardware & infrastructure is required. In this case, furbishing the solution could take a little bit of time (5-10 business days).
Q. Is warehouse management software worth it if I’ve a small number of employees at my business?
A. Yes, you can benefit from warehouse management software even with a small employee base. It is a powerful business tool that streamlines processes, gives valuable business insights, and virtually connects employees at your company, enabling them to collaborate in real-time as a team.
Q. Do I need to dedicate a lot of resources to train my employees in using warehouse software?
A. On purchasing a warehouse management software, you and your employees will be trained and guided by professionals on how to use the solution. Most warehouse solutions come with readable user guides, which you can refer to as well. So, no you don’t have to dedicate a lot of resource into training your employees.
Q. How is supply chain management affected by warehouse management?
A. Warehouse management is key in the supply chain management process. It’s the important bridge between product manufacturing and delivering it to customers. Warehouse management helps businesses organise products and ensure that they’re shipped to the right customer. This is the most important effect of warehouse management software on supply chain.
Q. What does logistics mean in warehouse management?
A. Logistics is an umbrella term used to denote various tasks pertaining to transportation, warehouse management, inventory, expense management and more. It also includes various supply chain management processes which occur before, during and after warehousing.
Q. What is the difference between inventory management and warehouse management?
A. There’s a good amount of similarity between warehouse management software and inventory management solutions. However, the basic difference between the two is that warehouse management solutions are more robust & can handle all verticals of a warehouse, including inventory, transport & supply chain. On the other hand, inventory management solutions have lesser features than warehouse management software. Further, inventory management solutions need more manual data entry, as there are limited features for big data management.
Q. As per my business requirement, I don’t need all the modules in a warehouse management software. Can I only get the ones I need?
A. Yes, you can purchase a warehouse software customised with just the features you require.
Before you buy a warehouse management software, there are a couple of important things you need to consider. This section outlines the things you should consider before buying a warehouse management software: -
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