What Is a Warehouse Management System (WMS)?
It’s a tool that allows you to optimize, automate, and manage daily warehouse activities, including stock receiving and replenishment, inventory control, warehouse navigation, order packing, and more. WMS is one of the key parts of supply chain management and provides transparency in all of the company’s inventory in real time.
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Main Warehouse Management Features
Features you need to boost your warehouse operations
Warehouse inventory management system
The system uses barcode readers and RFID tags to record incoming and outgoing inventory data, allowing you to effectively monitor items within the warehouse. It provides stock visibility, allows for monitoring the expiration date and shelf life of goods, and optimizes warehouse space.
An advanced WMS goes beyond providing insight into the availability and quantity of goods in stock in real time. It also features predictive analytics to forecast customer demand, based on historical data. Thus, you can understand replenishment needs in advance and procure products in a timely fashion, to eliminate shortages and be able to quickly fulfill a client order.
Since the WMS keeps data on the location of goods, it allows workers to find items easily, minimizing order-picking time. This feature is especially important when it comes to large warehouses, where the same goods can be located in different stock parts. Thus, workers can create optimized routes and increase their productivity.
To fulfill orders accurately and in the shortest possible time, the WMS automatically creates picking lists, generates picking routes, and provides the workers with rules, such as lists of documents an order must include. The system is also responsible for order prioritization and scheduling as well as providing an optimized packing strategy for each order.
The WMS allows for calculating, planning, and dividing the workload among staff, more effectively allocating human resources. The system assigns new tasks automatically, enables managers to control their progress, and provides an overview of employee productivity and performance.
Analytics and reporting
To keep you up to date on your warehouse operations and efficiency, the WMS provides analytics using interactive and customizable dashboards. Advanced technologies, such as AI, enable predictive analytics, demand forecasting, and potential risk analysis, which improves decision-making.
Why Use a Warehouse Management System for Your Business?
HQSoftware suggests considering custom warehouse management system software for your business in the following cases:
- you aren’t satisfied with existing off-the-shelf solutions due to limited functionality or lack of critical integrations
- your warehouses are distributed in multiple locations and you need a single centralized management system
- you have specific niche requirements that are not covered by ready-made solutions
- you are concerned about the security of business data and need a system with high-level security
Warehouse Management System Software Development: Why HQSoftware?
A trusted partner that delivers high-quality solutions
Over the course of 21 years, we have successfully completed over 450 projects for clients in various domains, including e-commerce and WMS solutions that have improved warehouse productivity and reduced costs. We work with large enterprises, small businesses, and startups, as well as 3PL organizations.
Our team mainly consists of middle/senior specialists with average 4-year employee tenure. For your solution, we pick experts who have already worked with projects in your domain and have hands-on experience to deal with possible challenges. During our collaboration, you can easily scale your development team up or down, depending on the scope of work.
To ensure your solution provides rich functionality, we connect it with all required third-party systems and your existing solutions. The implementation of AI and ML technologies enables predictable demand and labor forecasting as well as advanced analytics.
Since WMS software has to cover many business operations, you may need to expand its functionality over time. So, we look ahead and create a scalable and maintainable solution that enables you to easily introduce new features and improve system performance.
Predictable time to market
Depending on your warehouse system’s functional requirements, we assemble a team in 2-4 weeks to start project development as fast as possible. In the process, we adhere to project management best practices, meeting deadlines and providing project deliverables according to the roadmap.
Our goal is to deliver high-quality outcomes, along with seamless and transparent collaboration. So, you can monitor the development progress via tracking systems, request additional information about any stage of the project, and interact with any member of your team at any time.
Benefits of Warehouse Management System Software Implementation
The business value a WMS provides
99% order accuracy
Visibility of goods in stock, automated data entry, building picking routes, and automatic picking confirmations — all these help workers fulfill orders correctly, increasing customer satisfaction and reducing returns.
20% increase in space optimization
The WMS helps efficiently allocate items to the warehouse according to their size and material. So, it eliminates time-consuming placement and helps put frequently used goods within easy reach of workers.
10%+ decrease in inventory costs
With predictive analytics and advanced demand forecasting, you can determine the ideal inventory levels to satisfy customer demand, minimize overstock, and decrease inventory costs.
30% increase in labor efficiency
Workforce forecasting minimizes over/understaffing, while the creation of picking routes, with visual or voice guidance, speeds up order fulfillment. Automatic task assignments based on workers’ skills result in more efficient operations.
30% growth in inventory visibility
The system provides real-time insights into warehouse data. It helps you audit the warehouse to easily check expiration dates, detect damaged or spoiled goods, and avoid missing items.
25% increase in overall productivity
The WMS automates manual and repetitive tasks such as data tracking and recording, reducing errors and eliminating data loss. It also decreases order cycle time and enhances communication between workers.
Integrations for Warehouse Management System Software
What integrations do we recommend to enhance your WMS efficiency?
Integration with these systems provides you with visibility into all essential business operations, gathering data in one place and offering easy access to it through a user-friendly interface.
With such systems, you can seamlessly integrate all financial data, such as storage and shipping fees, with your WMS software. It also helps you automate and accelerate billing and invoicing processes associated with warehouse operations.
Vendor management systems
The system allows you to get real-time information on your suppliers’ capabilities and availability of goods, at your fingertips. It also automates the creation of procurement orders, thereby optimizing costs and improving supplier relationships.
Shipping carriers integrations
By integrating with shipping carriers’ systems, you can monitor, automate, and optimize shipping processes, manage shipping rates and overall costs, and ensure efficient delivery and order tracking.
This mostly includes barcode scanners and RFI devices to streamline the fulfillment process, cut down on costly manual errors, and ensure accurate inventory tracking.
This can involve integration with your website as well as marketplaces to keep your customers and salespeople aware of item availability. So, you can meet customer expectations and offer high-quality services.
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Warehouse Management System Development Costs
Factors affecting the total WMS solution cost
How to Start a Partnership
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FAQ With WMS Developers
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