Technology improves Margins for Warehousing

A warehouse management software system is a key part of the supply chain business and primarily aims to control the movement and storage of materials within a warehouse and process the associated transactions, including shipping, receiving and picking.

Warehouse management software acts as the hub of your supply chain solution, integrating accounting/order and shipping software systems, reporting and many such important aspects of the business. Such integrated solutions deliver a powerful, scalable and flexible real-time warehouse management system that helps you boost productivity, reduce costs, shorten order fulfillment times, increase customer satisfaction and deliver a rapid return on investment (ROI).

The technology improves ROI through order accuracy, on time shipping, minimizing inventory carrying costs, and decreasing labor costs. Today’s warehouse managers are consistently finding that 2 to 5% improvement across various performance metrics can mean substantial bottom-line returns to the business. Using such specialized software, you are able to eliminate manual order checking by automating processes to improve your picking and receiving functions, allowing you to process more orders at a much higher level of accuracy. The new technological innovations now allow seamless integration with many popular accounting/order-entry packages.

This includes:

• A standard process to properly handle the shipment receipts.

• The receipt of stock and returns in to a warehouse facility. An efficient warehouse management system helps companies cut expenses by minimizing the duplication of entries and reducing manual errors.

• Enabling a seamless link to order processing and logistics management in order to pick, pack, and ship products out of the facility.

• Tracking where products are stocked, which suppliers they come from, and the length of time they are stored. By analyzing such data, companies can control inventory levels and maximize the use of warehouse space. Furthermore, firms are more prepared for the demands and supplies of the market, especially during special circumstances such as a peak season on a particular month. Through the reports generated by the warehouse management software, firms are also able to gather important data that may be put in a model for it to be analyzed.

A warehouse management system alone cannot automate the process. It also involves a combination of business processes to be followed along with system to achieve 100% productivity and accuracy. And with the time of this competitive business environment, productivity and accuracy can be achieved only through the efficient and integrated business solutions.