Here’s Why Businesses Need A Warehouse Management System: Via ForbesAdvisor
A warehouse management system is a type of software that is widely used in the manufacturing and retail industries because it tracks all materials and goods as they come in and go out of the warehouse. In basic terms, a WMS helps optimize all your warehouse processes.
Since the warehouse management system has all of the information at hand, when a customer sends an order, it will immediately be able to check if the products are available. Instead of a person manually cross-referencing the order and the stock, the WMS will automatically mark the order as ready for packing. This saves a great deal of time and effort. In fact, many WMS services end up paying for themselves when used effectively.
An integrated WMS is normally an add-on from your existing Enterprise Resource Planning provider. ERP systems manage invoicing, accounting and tracking inventory. The warehouse management system takes the orders and directs the order picking process, inventory and receiving and shipping of products. When everything is able to integrate into one system, it’s much easier to keep track of which orders are best to invest money in.
A standalone warehouse management system is feature-rich software that primarily serves the function of warehouse management. Therefore, it might have limited functionality for other aspects of your business, such as inventory or accounting. Since it is tailored to warehouse management, this type of WMS can have advanced reporting features that will help you level up your warehouse.
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