Warehouse Management System Benefits
Conventional approaches of warehouse management systems in India tend to be slow, expensive, labour intensive and excessively prone to errors. Paper based approaches resulted in picking errors, storage of wrong materials at wrong places, erroneous reporting of quantities, inefficient use of rackspace and manpower etc. This is why the companies moved to automated warehouse management systems witnessed upto 60% improvement in picking efficiency, optimal space utilization, Maximized labour productivity, increased inventory turnout, improved multiple product handling strategy, enhanced visibility and traceability, optimized workflow efficiency and was able to fulfil orders faster.
Warehouse Management System Benefits across industries
1. Warehouse management system in e-commerce
Fulfilment and customer success are the key factors that determine the stickiness of a warehouse management system in the market. The labour intensive manual management systems are excessively prone to errors like delivering the wrong items which resulted in high return rates. Warehouse management software provide higher accuracy by completely eliminating human errors. Real-time product tracking allows customers to know the status of their shipments.
2. Warehouse management system in retail industry
Handheld computers and mobile printers enable you to generate proper invoices at the time of delivery that further increases the accuracy of delivering the right product to the right customer. Also these systems allocate human and transportation resources to every item in a logical manner. RFID tags carry a lot of information including the date of manufacture and expiry. The systems will thus identify which products to give away first.
3. Warehouse management system in manufacturing sector
Real-time tracking helps manufactures stay updated with the movement of the goods in the warehouses. This helps them identify the demand volumes and hence optimize the supply-demand gap. Also the tracking systems reduce the chances of theft and smuggling. Reduction in the delivery time creates a win-win situation both for the supplier and the manufacturer.
Features to look for in a Warehouse Management System
A good warehouse inventory software would easily reduce labour costs and improve the success rate of fulfilment and eventually, increases customer satisfaction. Manual warehouse management has become a thing of the past and it it inevitable to have an automated WMS to keep up with the expectations of today’s consumer. There is a plethora of WMS solutions out there and it is important to pick the right one. Here is a list of 5 things you should look for while choosing your warehouse management system.
1. Real-time put-away
The WMS you choose should have the ability to allocate appropriate location for the received items in the warehouse on a real time basis. This would significantly reduce put-away processing times and also ensure that every product in the warehouse is locatable and accounted.
2. Warehouse management systems with paperless receiving
92% of the best-in-class organizations practice paperless receiving. Traditionally, receiving included a manual process of filling a checklist to confirm that the right goods have been received and manually feeding the receipts into the system. This consumes a lot of labour hours.
Paperless system enables all of this data to be recorded electronically when goods are received and automatically relayed to the Enterprise Resource Planning (ERP) system. Also, an automated paperless system reduces the margin of error and makes the data available to areas like inventory and production.
3. Employee friendliness
Ease-of-use is the least considered feature and is overlooked when looking for a feature-rich WMS. Feature rich doesn’t have to be complex all the time. The labours in a warehouse might not be very good at using systems with complex language and user interface.
A good WMS is easy to use, simple, understandable and requires less employee training time. Some systems also add an element of gamification to the UI and also track work progress on a real-time basis. These tracking feedback would allow managers to offer constructive suggestion and set proper goals.
4. Integration and versatility
Off the shelf solutions don’t work all the time. It is important to look for the ability to customise the solution to fit into your requirements when you choose your warehouse management system. The WMS should also be flexible enough to seamlessly integrate with various systems. A good WMS should be versatile on input methods like tackling barcodes, RFIDs etc.
Advantage of Warehouse management systems
• Cross-Docking: Ability to move inbound goods directly to trucks so that they don’t have to be stored
• Picking and Location Logic: Automated goods picking processes that identifies optimal locations by observing the picking patterns
• Slotting: Placing goods in the best locations to cater to the different kinds of orders, for example, placing the frequently picked items in a convenient spot
• Task Management that includes task interleaving methods that minimize transportation wastage by grouping dissimilar tasks
• Automated Data Collection (ADC): A single platform to obtain data collected from different devices barcode scanners, RFID readers, and voice-recognition systems
• Yard Management: Automated management of inventories and trailers for cross-docking on a real time basis.
Before making a hefty investment in WMS, do some research on the existing customers, case studies and CSAT (customer satisfaction) statistics. Using mobile computers and handheld printers during receiving and put away processes can improve processing time by 62% and save upto 30 minutes a day per worker. Barcodes, RFID and voice directed picking can expedite picking and reduce costly errors. So now move to automated warehouse management solutions to convert your warehouse from being a cost centre to a profit centre. If you are planning to invest in a warehouse management system in Bangalore, we recommend you to try Quinta.