![]() ![]() With this visibility, you can create more accurate demand forecasts, run a just-in-time inventory strategy, and improve traceability – which is especially important in the event of a recall. Real-time inventory visibility: Using barcoding, RFID tagging, sensors, or other location tracking methods, a WMS system gives you real-time insight into your inventory as it moves into your warehouse, around it, and on to the next location.Some systems offer advanced simulations to create floor plans and place pallets, shelves, and equipment in the best locations to run at peak efficiency and save time and money. It can also help you determine the most effective use of warehouse space, from inventory placement to optimal travel paths. Reduced waste and costs: If you have date-restricted or perishable stock, WMS software can identify which items need to be picked first, or which might need a sales push, to minimize waste.A WMS also shares data with ERP and transportation management systems, giving you a holistic outlook that extends beyond your warehouse and helps expedite the movement of goods. They reduce errors in picking and shipping goods and eliminate duplicate and unnecessary work. Improved operational efficiency: WMS systems automate and streamline warehouse processes from inbound receipts to outbound deliveries – for improved efficiency, smoother operations, and the ability to handle higher volumes.Warehouse management systems also integrate with other tools, including basics like bar code scanning and RFID labeling, more advanced robotics and augmented reality (AR) wearables, and other mission-critical solutions, such as transportation management systems (TMS), ERP, and logistics software.Ī robust, digital warehouse management system is essential for any business with on-hand inventory – and can help save money and gain new efficiencies in many areas. The top five benefits of a WMS system are: And it organizes all of these activities from a single interface. These forces all create the need for faster, more efficient warehouse management and logistics processes.Ī good WMS system can help by streamlining every facet of warehouse management – from receiving, put-away, and pick, pack, and shipping processes to inventory tracking and replenishment. Although the number of available workers is temporarily higher, post-COVID-19 warehouse labor will likely be scarce once again. And until the COVID-19 pandemic took hold in mid-March of 2020, a low national unemployment rate made it difficult to find warehouse workers. While online sales and expectations for fast shipping are growing, the labor pool is shrinking. online retail sales amounted to US$343.15 billion – and they’re projected to reach almost $476.5 billion by 2024. In 2019 alone, Statista reports that U.S. Now more than ever, wholesalers, third-party logistics (3PL) providers, and shippers are under pressure to fulfill and deliver omnichannel orders at the speed of Amazon. ![]()
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