What Makes Warehouse Management System a Holy Grail For Businesses?

You might’ve heard of Warehouse Management Systems a few times and wondered why this is important. So, WMS is considered the backbone of any product-based company, and it must work efficiently because this will help the business operate efficiently. On the contrary, companies that do not have good WMS software are asking for trouble. The importance of WMS software can simply be understood by certain factors such as inventory visibility.

Nowadays, businesses are adopting a multi-channel or e-commerce strategy to penetrate the market and gain maximum return on investment. Now that can only be possible with the help of an optimum warehouse management system (WMS).

In a nutshell, Warehouse Management System is software that automates the tasks and job functions of a warehouse. WMS is an integrated system, and it helps increase the level of efficiency and productivity, cuts down costs, and allows you to focus on more important tasks.

Consequently, companies use WMS to manage their storage areas of the products. Plus, it helps in controlling the right storage location of all types of goods, whether small or big, because it has a universal form factor.

Why do enterprises rely on a tech-driven warehouse management system?

  • To optimize warehouse space, lowering operating expenses;
  • To keep up with essential data, such as distance traveled, items picked per time, and so on;
  • To allocate tasks between employees, automate their responsibilities, and enhance the accuracy of their work;
  • To manage all the inventory from receiving the goods, departure door to the right shipping lane, guaranteeing it loads on the suitable carrier;
  • To remove potential friction between the warehouse and supply partners or even end customers;
  • To cut down operational expenses;
  • To exploit ERP software via integration;
  • To increase security and safety;
  • To streamline shipment while ensuring better Customer Service.

Many options to find your best match warehouse management system

If you want to develop a WMS, you must know that you can have it as per your business requirements. Moreover, you can use cutting-edge technology to make it more efficient.

Warehouse Inventory Management Software Solutions

This type of reliable and easy-to-use WMS solution simplifies and accelerates inventory management as specified by the needs of logistics, healthcare, retail, and other industries.

Cloud-based WMS Systems

Cloud-based WMS solutions ensure extraordinary security, flexibility, and scalability.

IoT-based solutions for Warehouse Management

With an IoT-powered WMS solution, you can leverage the RFID warehouse tracking system that facilitates real-time products and goods monitoring and also ensures compliance with storage prerequisites.

Blockchain-based WMS Solutions

Yes, you can exert blockchain technology in your WMS, too, to make your data decentralized, transparent, and secured, and you can keep the product life cycle transparent as well.

Features that uplift the user-friendliness of WMS

Features that uplift the user-friendliness of WMS

Order Management: to automate order optimization and fulfillment for high-demand products efficiently. 

Tracking & Analysis: to track warehouse items in real-time, managing inventory levels and fulfilling demands.  

Integrations & Backups: integration with your eCommerce portal, ERP, CRM, and other systems with your WMS can facilitate regular data backup and extend the functionality. 

Third-Party Support: you can also integrate third-party logistics support to smoothly run warehouse operations at multiple locations.

Labor Management: to manage your labor work, you can create modules in WMS, such as warehouse staff schedules, allocating tasks, measuring daily performance, and more.

Labeling: it’s a crucial task that WMS enables suppliers to print their own barcode labels when they receive shipments, staying compliant with various labeling standards.

EDI support: Electronic Data Interchange feature facilitates sharing critical data with suppliers and third parties, including order details, invoices, etc. 

Real-time data helps allocate inventory, workforce, and other assets that respond to your business needs.

Dashboards: An insightful WMS dashboard showcases a holistic view of warehouse activities & operations, allowing you to generate custom reports about inventory levels, orders, and more. 

how to build a warehouse management system

How to Build A Warehouse Management System ?

Now, we have arrived at the stage of warehouse management software development. So, here are the steps you can follow for your successful WMS software development.

Step 1: Examine Your Business Requirements To  Create a Development Plan   

What you expect from the WMS software development matters a lot as features and other things depend on the same. For example, you want a WMS solution to streamline end-to-end warehouse operations, meet end-users expectations with fast delivery, or better alignments in the workflow and inventory management. After knowing the “why,” you can create a strategy for your WMS development.

Step 2: Onboard a Development Team

You may find every developer saying they can build a WMS for your business, but you want to hire only experienced developers. The reason is the professional development team will ensure creating user-friendly UI/UX and secured software for your business. 

On top of that, if you hire a reliable warehouse management software development company, you won’t have to worry about project management or post-development maintenance. Such software companies develop and design your software as per your business requirements. Only you must check their portfolio and similar project accomplishments before appointing any software developer or company.

Step 3: Testing and Deployment 

As soon as your software is ready, you need to test it with your real warehouse data and scenarios to assess your WMS performance. If you find any functional error during the quality assurance stage, you can fix it before launching.

Step 4: Measure WMS Performance For Future Improvements 

Last but not least, you will have to evaluate your working WMS implementation and performance with tasks such as;

  • Revenue assessment in warehouse operations before and after new system implementation;
  • Productivity enhancement assessments on various KPI metrics;
  • Customer satisfaction rate analysis after new WMS implementation.

Results from the above tasks will help you figure out improvement areas in your WMS and be ready for future inventory control and warehousing-related challenges.

Final Words

Hope you like this post on Warehouse Management System and understand its importance for your business as well as how to develop your own. Technology-driven solutions are helping many industries improve their performance and make more revenue. Hence, if you haven’t had software like WMS, you must develop now to grow your business in fiercely competitive markets.

Sanjay Kidecha

Sanjay Kidecha is the CMO of Kody Technolab, a Web & Mobile App Development Company. He loves to explore and write about the latest web & Mobile App Development Trends, Digital Marketing Trends, Startups, and Entrepreneurship.