Managing a warehouse is a serious undertaking.
The task has become difficult as we move towards a 24/7 economy.
Customers expect to have their orders placed, filled and delivered in less time than ever, which has made the industry increasingly competitive.
Small inefficiencies add up quickly in large-scale warehousing. Particularly for businesses that maintain large inventories and multiple locations, managing these efficiencies is a challenge.
Warehouse Management Systems are designed to simplify your work and support your move towards future-proof processes.
What is a Warehouse Management System?
A warehouse management system (WMS) is a type of software that controls day-to-day operations in a warehouse.
A WMS is intended to coordinate the moving parts of a warehouse, including inventory, orders, picking, staff, profit levels and more.
Using a WMS makes it simple to automate processes that are often complex, particularly in large-scale warehouses that maintain thousands of products.
By capturing data from every area of the business, your WMS plays a critical role in distributing accurate, up-to-the minute information. This allows each part of your operation to make effective decisions, improve efficiency and reduce costs.
What Does a Warehouse Management System Do?
Warehouse management systems integrate with inventory, ecommerce, ordering, staff, payroll, customer and supplier data.
This allows your WMS to serve as a single point of truth that captures all critical information from across the business.
Having software with this level of oversight can significantly improve the way your warehouse operates.
Modern warehouse management systems perform several major functions, including:
Warehouse Management vs Inventory Management
Warehouse management and inventory management are separate functions that complement each other.
Warehouse management focuses on organising the warehouse, its inventory, and its operation. On the other hand, inventory management is focused on managing stock levels and trends.
Many warehouse management systems include inventory integrations.
This is crucial in ensuring the WMS has the information you need to make effective decisions.
Combining the two functions allows management to optimise inventory levels relative to orders, fulfilment, staffing, picking optimisation and resource allocation.
The Benefits of a Warehouse Management System
Warehouse management software is intended to streamline every aspect of your operation. A fully integrated system offers a number of benefits, including: