{"id":4802,"date":"2024-06-18T11:33:04","date_gmt":"2024-06-18T11:33:04","guid":{"rendered":"https:\/\/softweb.co.in\/?p=4802"},"modified":"2024-11-21T07:29:37","modified_gmt":"2024-11-21T07:29:37","slug":"warehouse-management-software-in-business","status":"publish","type":"post","link":"https:\/\/softweb.co.in\/blog\/warehouse-management-software-in-business\/","title":{"rendered":"Why do businesses need Warehouse Management Solutions?"},"content":{"rendered":"
\nWarehouse Management includes activities flowing into and out of the warehouse<\/strong>, and those that ripple out to the extended supply chain, can be improved with a good RFID based warehouse management solutions (WMS)<\/a><\/strong><\/span> \u2013 from stock receiving and storing to pick, pack and shipping. The core features of a WMS support these activities in the following ways:<\/span><\/span><\/p>\n \u00a0<\/p>\n Receiving and put-away process<\/span><\/p>\n A WMS can help companies receive, process, and dispatch stock efficiently properly defined under warehouse flow.. In fact, in a 2018 Peerless Research survey, 87% of respondents said they were handling materials manually during the receiving process.<\/span><\/p>\n A WMS system supports using RFID technology and integration with billing or ERP<\/a><\/span>, ensures stocks can be automatically received, validated, and reconciled against any digital purchase orders with the scan of a barcode, and with labels printed and tags for quick storage and smooth retrieval. The entire operation will be paperless ensuring complete digital transformation of warehouse.<\/span><\/span><\/p>\n \u00a0<\/p>\n Warehouse management software provides real-time view into an organization\u2019s inventory across any location, including stock in transit and in stores and warehouse. It provides tracking information using automatic identification and data capture (AIDC) technology such as barcodes or RFID. Warehouse management software also helps in cycle counting and demand forecasting using advanced analytics and insights into product and vendor performance. With these insights, companies can adjust inventory levels on the fly as well as<\/span> vendor alignment<\/a><\/span> to ensure there\u2019s just enough stock to satisfy customer demand, whether in-store or online.<\/span><\/p>\n Accurate inventory tracking are key areas which helps in improvement of order rates. That means orders that are received are completed on time, undamaged, and dispatched with an accurate invoice. They can also help allocate inventory according to custom workflows (eg. LIFO FIFO etc) and picking logic so that inventory can be moved faster, both into and out of the warehouse.<\/span><\/p>\n \u00a0<\/p>\nInventory management<\/strong><\/span><\/h3>\n