Warehouse management software is commonly used to make organization, storage, and distribution more efficient. There are many benefits to using this software as opposed to traditional methods. In this article, we will explore some of these benefits.
A warehouse management system (WMS) is a software application that is used to administer daily operations in a warehouse. It is used to control all functions involved from the time goods are introduced into the warehouse until the time they are moved out for sale.
Warehouses are crucial for the entire manufacturing and supply chain since they store goods used in these operations.
A WMS assists with many aspects of warehouse operations that optimize picking up and delivery of orders and inventory monitoring. It enables processes to run smoothly and in an affordable manner. It also gives visibility into an organization’s inventory collection at a certain time irrespective of whether it is immobile or in transit.
SwiftCurrent is the WMS SRSI deploys that delivers accuracy and seamless operations tracking.
Key warehouse management software benefits
If you have been wondering whether you should invest in a warehouse management system, here are 10 reasons why doing so will be advantageous for you.
Better labor management
A WMS is equipped to assess an employee’s skill level, their proximity to a warehouse, and tasks that need to be performed. It can help direct an employee to the task that is right for them while prioritizing high-impact activities. In addition, it can enable a manager to assess staffing requirements, observe high-performing workers, and see where improvements might be needed.
Inbound and outbound optimizing
A WMS can help you store inventory and move it around when you want to receive it. By using planning tools like putaway management and scheduling, you can choose to receive a shipment when labor and necessary equipment are available.
Improved inventory visibility
A WMS provides real-time data on your inventory by using serial numbers, barcodes, and RFID tags. This enables smooth documenting of items when they enter the warehouse and during transportation. Inventory visibility can help you make forecasts about the products which are in high demand with customers and those that are not. It also helps you to trace a product using its ID number in case there is a recall.
Being a software application, vendors of WMS software are always introducing features to reflect changing industry standards. Developments such as cloud-based WMS, which is also applicable with SwiftCurrent, reduce the need to have an IT staff in a warehouse. Such updates allow warehouse managers to stay on top of developments in their industry.
Reduction in operating costs
WMS can help lower operational costs in various ways. It makes labor and space usage efficient, thereby eliminating the need to have anything in excess. It also saves time spent in moving and retrieving objects by identifying the location that is necessary for storing these objects.
Most warehouse managing programs need employees to utilize their own user accounts when mentioning transaction information. This produces an audit trail that links transactions with employees, reducing financial risks while boosting accountability. It also prohibits unauthorized user access to certain reports which managers can use to safeguard any confidential information.
A WMS can assist with leveraging additional automation technology inside a warehouse. For example, barcodes, voice, and pick-to-light can increase efficiency when they are connected to a WMS by monitoring packing activity. Also, mobile equipment can automate internal tasks and assist with transitioning from paper to electronic medium of working.
Improved bill management
Most warehousing management software consists of bill monitoring tools integrated with a third-party app that enables bill management. This feature helps you track all activities performed within the warehouse pertaining to a specific supplier and generates accurate fees.
Enhanced relations with customers and suppliers
A WMS helps with collecting and packing goods efficiently where managers can select between batch or zone in a manner that eliminates delayed deliveries. These efficient options allow products to reach customers quicker, ultimately improving their satisfaction.
Efficient supply chain
Having WMS can improve warehouse operations which then impacts the larger supply chain. Streamlining of most operational activities enables smooth operations and reduced costs. This in turn benefits external partners who can better coordinate their inventory levels and improve their own operations.
Ways in which warehouse management software can develop your business
Managing warehouses can be challenging due to the complex nature of operations. By using properly designed warehouse management software, a company can reduce errors significantly and scale its profitability.
WMS also enables organizations to keep costs low, strengthen workforce engagement, and tighten security procedures. Improved relations with customers and suppliers can then benefit the entire supply chain. That is why choosing the right WMS for your warehouse is a decision that needs time and careful planning.
As you have learned here, an outdated WMS can cost your business. Are you ready for the best WMS upgrade? Contact us today to learn more about SwiftCurrent, its benefits that will meet your needs, and the seamless deployment to get your operations on the right track: [email protected].