Warehouse management solutions, popularly known as warehouse management systems (WMS), are nowadays helping eCommerce businesses a lot.
Such an application or system helps the clients in managing products and streamlining the stock and supply procedures. WMS software brings transparency by providing a real-time view of a company’s inventory.
From inventory management to returns management, a good WMS helps manufacturing businesses, maximize their resources, and utilize their warehouse space in the most efficient ways.
“A decent inventory management system provides maximum satisfaction to your clients ensuring better brand image & profits in the form of repeat clients.”
7 Must-Have Features in a Warehouse Management Solutions
1.Easy and simple interface
The features of warehouse management software should not be complicated. The interface should be easy and simple to understand and utilize. You should check the UI and associated tools to ensure ease of use. Management and staff should feel stress-free with an interactive UI-based WMS.
2. Seamless integration with ERP platforms
Connecting WMS with Enterprise Resource Planning (ERP) streamlines the process. It brings more accurate and real-time data monitoring. The sales team and clients, both can stay aware of the status of an order on a unified platform.
A good WMS should get easily connected with ERP platforms to represent the accurate data of the supply chain for all, from team members to all the associated units.
3. Inventory Management
A warehouse management system must be efficient enough to track the inventory data through radio frequency identification (RFID) tags and barcode scanners. With an inventory management feature, the dashboard ensures that up-to-date stock information is available across the supply chain.
A well-developed WMS is able to meet all the demands of inventory management, such as kitting, cross-docking, cycle counting, and much more. It keeps updating the ERP system whenever required.
“The Holostik inventory management system improves inventory accuracy, increases cash flow, and saves time for productivity.”
4. Order Management
Integration of WMS with carrier networks improves shipping operations. Moreover, automated integration helps in avoiding manual errors and saves a lot of time. Machine learning and artificial intelligence are magically speeding up the supply and distribution of goods.
Less human interaction in the order management process is a much-needed feature nowadays to speed up the shipping process.
5. Labour Management
With this much-needed feature in WMS, businesses are able to keep track of employees and warehouse procedures. The labour-management feature helps in resource utilization with full efficiency. Employees’ arrival, departure, working hours, leaves, and overtime; everything can be managed with this feature.
6. Financial Management
It is essential to monitor business sales and performance to make data-driven decisions. It helps in taking meaningful actions and making beneficial improvements from time to time. WMS should be able to collect and monitor all the financial information.
Clients can use this feature to keep track of the best-selling items, most productive staff, popular sales seasons, top-performing sales channels, and much more.
7. Risk Management
Risk analysis and management is the part of a good business strategy. A well-developed WMS should be able to analyze and consider all the operational information, present interruptions and make data-driven predictions. It helps in minimizing product waste, handling stockouts, and reducing overstocking.
If you are eager to know more about warehouse management solutions, inventory management, or warranty management system, call us at 9905-124-124 or send us a mail at marcom@holostik.com
