The fate of any E-Commerce based business is decided by 3 things, quality of products, customer research/response and management, and warehouse management system.
Most merchants make a rookie mistake of completely ignoring the warehousing part while making decisions. However, this small factor makes a big difference in deciding if your business will make it past the pressure or break down because of it.
For a business to grow and become successful. It is imperative for a business to have a proper backend management system in place. One of the best places, to begin with, is by getting a good warehouse management system. We’ll give you the information we have, you decide.
A good warehouse management system is the perfect fit to aid your company’s operations if you have a vision. A warehouse management system cuts down the hours of manual labor and costs involved in hiring said labor while making it easier to read the availability of different products at warehouses countrywide. This means a greater chance to convert a sale, and better profits in less time than the usual.
Is a Warehouse Management System right fit for my business?
A warehouse management system not only benefits in terms of time and money but also in terms of customer relationship management. Faster replies mean the customers would prefer placing an order from you simply because of the ease of placing an order and quick response. This also leads to better chances of goodwill and customers earnt organically through referrals.
What exactly is a warehouse management system? How will it be useful to me?
A warehouse management system software aids the operations team of a business to keep an eye on the daily happenings in warehouses. This means the team can actively watch and understand the distribution of stock across various warehouses however near or far they may be.
A warehouse management system also eliminates the need for a middleman to take note of the influx and outflow of stock daily and provide periodical reports to the company. This means the company saves the money and other resources which would have been spent on the middleman.
Warehouses if not properly maintained become a liability to the company, business, and stakeholders. Warehouse management is a quick reliable fix for companies looking to reduce manual work, optimize profits, and maintain proper accounts of stock.
A warehouse management system also lets the E-Commerce company decide which warehouse should which product be shipped from, and which warehouses are running low on stock and need to be replenished, and makes it easier to track the status of an order if it is in the warehouse ready to be shipped or already in transit.
Warehouse management systems make it easier for the business to process information by working jointly with inventory and delivery related software, letting the business know the status of a particular product almost immediately.
How do I find the right warehouse management system for my business?
Warehouse management systems are extremely versatile, being easily customizable to the needs of the business. Warehouse management systems generally can be divided into three main kinds, a standalone Warehouse management system, a cloud-based Warehouse management system, and ERP modules.
A standalone Warehouse management system is a simple software that requires a level of manual intervention to function. It has all the necessary features of a warehouse management software but is basic in function.
A cloud-based warehouse management system works in tandem with the internet and has a simple user interface, and the ability to carry out complex functions. This system can be designed to ease the user and easily tracks all the inflow and exit of stock within the warehouse.
Cloud-based Warehouse management systems are mainly used to track inventory flow without being physically available at various warehouses across the world, making it easier to choose where to ship orders from based on proximity.
Meanwhile, an ERP Warehouse management system works in multiple roles. These Warehouse management systems help in carrying out regular day to day functions of a Warehouse management system while providing additional functions like price, cost and delivery system management.
What are the other advantages of employing a warehouse management system in my business?
Satisfied customers tend to place repeat orders from the merchant. To ensure their satisfaction, quick processing and delivery of their order is a necessity to build and maintain goodwill.
A warehouse management system brings down the time involved in order processing. Without a proper system in place, the business will need to physically contact or visit warehouses to track the availability of a particular product. This time can be saved through the utilization of a warehouse management system.
The time saved aids in achieving higher rates of productivity, maintaining and or creating goodwill and chances of repeat orders or referrals.
The right Warehouse management system helps cut down on labour and operational costs while minimising errors in the supply chain since everything is operated through the system leaving little to no room for errors.
A warehouse management system aids to improve and achieve optimum efficiency and production levels leading to better levels of productivity. A Warehouse management system also reduces the chances of product by minimising risk of human error due to complete automation.
A Warehouse management system and an inventory management system working in tandem with the delivery system used by a business rule out chances of being over or understocked by regular checks on the levels of inventory, their location and the quickest way to let a customer get their order.
This helps reduce associated costs of time and other resources to the business which can be invested elsewhere. A Warehouse management system is the quickest way to check if a product that needs to be shipped or is still in the warehouse preparing for transit.
This also saves time by letting the business know the status of products when goods are transferred between warehouses. Businesses no longer need to physically note down inventory levels and constantly monitor goods.
The mountains of paperwork and constant back and forth required while maintaining stock and warehouse levels are eliminated through the employment of a warehouse management system. People can now access this data virtually from across the globe eliminating the need for all employees to stay in geographical proximity to the warehouse.
The warehouse management system contributes to a quicker response to queries by customers and instantly sends a message to the inventory and listing tools when a product is out of stock or in transit. This helps the other tools communicate the same to the end customer.
A warehouse management system instantly reflects warehouse levels and product availability across marketplaces where products are listed and is capable of sending information over to the company when the quantity of a product is reducing. This means, a product which is expected to be a best seller can be replenished before stock gets over, which could possibly lead to loss of sales.
Did we remember to tell you about all the resources you wouldn’t be spending on if you changed to managing warehouses through a Warehouse management system? A Warehouse management system drastically cuts down on the time taken to select,manage and upload changes related to products on sites where it is listed.
It cuts down the time it would otherwise take to manually carry out all these functions. The presence of a Warehouse management system greatly decreases the costs associated with each order.
Cloud based Warehouse management systems can be easily upgraded and hence will not get outdated, while improving the usefulness the Warehouse management system has to provide.
Similarly, a Warehouse management system also protects reports and confidential data associated with your business and warehouse from damage or theft while only giving employees the information necessary to carry out and successfully finish their tasks.
A proper warehouse management system doesn’t contribute to improved relations with customers but also helps make your connections to your suppliers better by optimising the otherwise tedious task of stocking up and managing warehouses while making the supply chain more lean in nature.
Your warehouse management system cuts down yours and your supplier’s time associated with production, storage and delivery of orders drastically leading to better profits and improved relations.
Streamlining the process of order management through a successful warehouse management system cuts down time employees need to spend on creating and managing tasks, while increasing their productivity and profitability because they now have the time needed to invest in other avenues for the company
