The warehouse management system is a system that helps companies to manage and control their entire inventory and supply chain management from the distribution center to the store’s shelf. It makes inventory management so easy. Let’s understand in detail warehouse management software.
What Is Warehouse Management Software?
Warehouse management software (WMS) is a piece of software created to track the movement of inventory so that it is always aware of where items and finished products are to fulfill requests.
When working with other integrated modules like accounting, order management, inventory management, MRP, customer relationship management (CRM), and more using a single central system and data source, a warehouse management system can be standalone software or a component of an enterprise resource planning (ERP) system.
What are the Benefits of Using Warehouse Management Software?
The major benefits of using warehouse management software are:
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Simplifies Warehouse and Customer Service Procedures
Communication between warehouse staff and the customer service division is frequently archived, leading to many misunderstandings and time wasted traveling back and forth.
The majority of WMS software uses a centralized system to give the customer service and warehouse departments visibility. By doing this, confusion, human error, and bottlenecks that cause consumers to become irate may be reduced and real-time tracking of orders, fulfillment timelines, shipping processes, and customer feedback is made possible for both teams.
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Inventory Tracking
Regular inventory counts to ensure that stock is where it should be and in good shape are both a time and financial waste!
Workers can frequently maintain count frequency using WMS software by just pushing a key or scanning a barcode. The WMS then automatically tracks goods and inventory as they move about, saving time and money on manpower.
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Safety And Security
A system that regularly generates automatic reports should be installed in warehouses that experience compliance or safety problems to ensure that everything is operating as it should.
This is something that a lot of WMS software can accomplish, and it can also spot potential problems with high-risk or high-value commodities (such as groceries or medicines) (such as jewelry, which could be stolen, or tech, which is prone to damage during transit)
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Grows Business
The majority of firms want to expand, which requires the use of a WMS. Without one, warehouse and inventory management will become more challenging as your company grows.
Additionally, you want a WMS that can expand with you, so even if you don’t need all of the capabilities right away, it often makes sense to buy one with all the bells and whistles from the start.
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Fast & Reliable
Due to the immediate satisfaction culture of today’s consumers, faster shipment is important. According to studies, the ideal period for delivery is three days or less, unless the item is extremely specialized or customized.
A WMS can therefore be useful if you want to compete with the Walmarts and Amazons of the world or even the neighbor. Your team can pick and pack items considerably more quickly by using effective warehouse management software in conjunction with barcode scanners, which decreases fulfillment latency and processing times.
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Reduces Cost
There is an additional benefit associated with increasing fulfillment speeds: you frequently experience a large reduction in process expenses. Be careful to estimate your customer cost per order before adopting a WMS so that you can verify the ROI you gain from lower processing expenses.
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Decreases the Chances of Errors
People working in organizations without a WMS frequently spend a lot of time on administrative tasks, and as we are all aware, “to a mistake is human.” A WMS with a barcoded inventory reduces human interaction, which lowers the possibility of error.
Warehouse employees need to scan the barcodes when picking, packing, and shipping; the WMS will alert them if the incorrect product has been scanned. Additionally, it will instantly notify other teams of any modifications to the inventory. Therefore, you’re less likely to have unhappy consumers – and those annoying negative internet reviews they’re known to leave – in addition to errors being decreased or eliminated.
Features of Warehouse Management
Before buying any warehouse management software always look for the below-mentioned warehouse management features:
1. Auto Cloud Backup
You can directly upload your data online plus you can store it on google drive/ one drive where ever you want. Also, you can access the data from anywhere and restore the backup as per your requirements.
2. Data Security
Using this software you do not need to worry about your data as this software is highly secured, it comes with 7-layer data & ransomware protection, and user access rights management. These encryption and auto-backup features keep your data safe and secure.
3. Easy & Fast Billing
Using this software you can generate batch-wise invoices for your customer and also allow them to import from servers.
4. Inventory
Easily manage your inventory levels, and set reorders points to refill the stock. Also, it prevents losses due to dumping and near-expiry products.
5. GST Filing
Smart software always eases your work, a good warehouse management system will push transactions into the GST portal and directly file the return from the software.
6. Purchase Import
Easily import purchase invoices from any excel or CSV format with 100% accuracy and save your time.
7. Reporting
Analyze your finances and always stay on top of 1000’s sales, purchase, and inventory accounting reports.
8. Push Sales
Get 100% control over the dump and near-expiry items and make a smart decision as to whom you want to sell and when to return.
9. Discount & Schemes
Categorised your customers and manage your discount system efficiently. Also, control company-wise and party-wise discounts. Your schemes can also be controlled batch-wise as well as item-wise it’s all up to you.
10. Credit Limit Live
This live credit limit will help you to find customers who are not purchasing from you and not paying your outstanding from specified days.
Why Use MargERP For Warehouse Management Software?
MargERP is one of the best WMS software that has all these features also along with that you will get some more advanced features that will ease your work. Moreover, its warehouse management software prices are so affordable anyone can easily afford it. This software has gained good fame in Delhi’s warehouse industry also considers the best warehouse management software in Delhi.
Wrapping It Up!
Attributes of warehouse management systems offer a one-stop shop for all the things a business needs to succeed. Using a WMS can have significant advantages and cost savings because they enhance performance, streamline all warehouse processes, and speeds up operations while lowering mistake rates. As there is no one-size-fits-all WMS solution, take your time looking for it while keeping in mind the particular needs of your WMS system.
