Benefits of Warehouse Management System


Being one of the major constituent of Inbound Logistics, ware housing plays a crucial role in any kind of business. From acting as a storage space for equipments, inventory etc. to performing a vital role of fulfilling the time gap of demand and supply, warehouse furnishes many purposes. The management of warehouses suffers from many challenges like problem of excess stock, lack of space, incorrect time management etc, damaged products etc. So, there arises a need for a system which can help in effective management of warehouses. Warehouse management system serves every purpose to the above written problems.
Warehouse management system is a system/ software which assist the organizations to control and manage all its warehouse related operations. This system allows the organization to organize and manage all its warehouse operations right from the time when materials enter in to the time until they move out. All operations performed in warehouses like inventory management, auditing etc. are handled and managed effectively and efficiently under this system. The aim of this system is to save cost, reduce the occurrence of errors, improve the services to customers etc.

WMS is the best warehouse management software which provides many benefits to the organizations. Some of the benefits are written below-

1. Efficient count of inventory- The major benefit of warehouse management system is that it helps in having a correct count of the inventory. A barcode scanner can be used for scanning the location of the inventory and counting the number of products in that inventory. A list of inventory can be made which can be reviewed and updated anytime. So warehouse management system helps in having efficient inventory count.
2. Reduction in Mispicks- When barcode scanners are used to scan and pick the required goods, followed by activities like packing and shipping, it helps in reducing the chances of mispicks which could have occurred when the staff has to enter the code manually. This system will warn the staff immediately if they scanned wrong items. It helps them to scan the correct item.
3. Efficient Goods in process- The scanning of products using barcodes helps the business to have efficient goods-in process. When a product is being scanned, it is synchronized with the purchase orders which help in speeding up the whole goods in process. In other words, staff will not have to waste their crucial time in making double entries.
4. Speedy return processing- The return processing activity takes a lot of time and efforts of the staff which obviously restricts the revenues of the company. The integrated warehouse management system is connected with the sales order management system and also with account data which further helps in ensuring that inventory, orders are all updated in real time.
5. Speedy product delivery- The warehouse management system helps the business to cut down its delivery time as the system provides quickest process of order fulfillments, shipping, and delivery and carrier management systems. So with speedy update and exchange of information, the customers are expected to get faster product delivery with the help of this system.
6.   Reduction in processing cost- with robust integration and bar code scanning, Warehouse management system helps in reducing time of order processing and deliveries. Products will be easily located, counted, picked, packed which will further helps in increasing the productivity and ultimately reducing the processing cost.
7.  Increased Customer satisfaction- This system ensures that there should be a separate room for the satisfaction of the customers. In this, all the customer-related data and systems are kept at one place. Whatever their order is or whatever their query is, everything will be quickly answered through proper measures of warehouse management system. So customers will feel more satisfied when all their problems are properly listened and solved.
8.   Better accountability- without systems like WMS, it is really tough to hold someone responsible for the discrepancies occurred. The integrated system of Ware house management system allows each staff member to have his own login ID and make him responsible for all the activities that comes into his account. This will ensure greater accountability.
9.   Optimization of process- it is quite time consuming and tricky to make best use of space in warehouse and to make improvements in it. But with ware house management system, it becomes quite easy because this software gives algorithms and methods which work out best for the company to decide and utilize the space and make best layout of your ware house.
10. Better labor management- in warehouse management system, every staff worker is given an account for which he is responsible. On the basis of that account, his performance can be assessed. The key performance indicators can be used in order to know if the performance is above or below the standards. So this system helps in ensuring better management of labor and their issues.
11. Yard and dock management- In this system, the truck drivers who are responsible for loading and unloading of materials and goods, gets to know that about the right place to load or unload his material. This warehouse management system helps in cross docking.
12. Reporting- this system proves to be the best to know about the discrepancies in the ware houses. It assists in analyzing about the operations that are being held in the warehouses and where the improvements are required to be made. So this system is quite helpful to analyze all the about the operations of the warehouses.
13. Inventory Tracking- the major benefit of this system is tracking of inventory. In this advanced tracking system like automatic identification and data capture, radio frequency identification, bar code scanners etc are used. These systems make it easy to locate the goods in the inventory and also help in knowing the available quantity of various goods.

These are the benefits of warehouse management system. So companies facing issues with ware house operations must go for this system in order to avail its maximum benefits. This system can be really helpful in increasing the efficiency and effectiveness in the company.

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