A warehouse management system is an application that assists in managing and controlling the everyday operations in a warehouse. This is a software that optimizes shipping of orders and picking, guides record receiving and put-away, and also guides on inventory replenishment. A WMS can be a part of any Enterprise Resource Planning system or standalone application. A Guide on Investing in Warehouse Management System-
1. How Warehouse Management System Works
At the start, WMS could only help with a few things like locating the storage location and perform many other simple tasks. But nowadays, the latest versions of warehouse manage systems’ functionality vary from pack and ship, best packing practice, and have many other sophisticated programs of coordination.
Also, a warehouse management system helps in reducing the errors that could occur when products are shipped. The system can also help the management of the warehouse to fulfill the orders quickly and instantaneously.
In short, the overall goal of the warehouse management system is to provide a paperless environment for the companies. And this directs the employees of your warehouse automatically and ships your products.
The warehouse management systems optimizes the picking and shipping, inventory receiving and put-away and advises on replenishment.
Moreover, the functionality of software of the warehouse management system varies from the pack and ship to best picking practices.
This software deals with material handling devices and helps in locating the storage places. Also, provide the management coordinate wisely.
3.Types of WMS
There are several types of warehouse management systems you should invest, and each of them has its own pros and cons. Here we have collected the top three types that are more popular than others.
- Standalone system
- ERP Modules
Standalone Warehouse Management System
A Standalone WMS is typical on the premises type system, which is organized on the local network of the business and hardware. Most warehouse management systems are third-party, but this one is integrated with the rest of the business management software. Whereas the mixing of any external program can work, the process is quite tense with challenges such as information delays, duplicate data entry, interface issues, soils, and customization expenses. Moreover, this type of systems often comes with the lowest long term cost option
2. ERP Modules
MOs ERP vendors like IQMS offer a warehouse management system that is according to their ERP solutions. This type of solution offers sales orders, accounting, MRP, picking, and shipping orders without any non-real-time interfaces mess.
3. Cloud-Based Warehouse Management System
A cloud-based WMS is a web-based software that is linked with cloud technology. The benefit of using this system is that it includes disaster recovery, better flexibility, scalability, and security. Moreover, this system offers the user company the ability to get automatic software updates without addition or extra expenditures and provide the best services in order to keep the warehouse disaster-free.
4. Some Common Benefits of Investing WMS
There are a number of things that WMS improves and increases the work rate. Some common benefits of a comprehensive WMS include:
- Reduce labor cost
- Greater space utilization
- Increase the productivity of warehouse
- Improved customer service