Warehouse Management System (WMS)

What is Warehouse Management System?

A warehouse management system is an application that helps to monitor and handle the day-to-day tasks of a warehouse. WMS systems allow companies to control and oversee third-party logistics processes. You may plan to build the WMS software as a standalone program or part of a framework for Enterprise Resource Planning (ERP).

Inventory Management

• Step 1. Receive Goods:When you place an order, WMS stores the details of all the vendors in one location and synchronizes it to real inventory levels, making it easier to handle procurement. By merely checking the barcode, the commodity will be added to the order. The orders are then emailed directly from the device to the retailer.
• Step 2. Inbound Receipts & Put Away:WMS-integrated scanning systems optimize receipt and direct workers to the right place to shelve the items. Depending on the type and characteristics of products, WMS can also recommend different techniques for slotting, put away, and the best use of the storage space.
• Step 3. Track & Allocate Stock: The WMS lets managers know the quantity of product available and when restocking is required. Along with the use of minimum and maximum levels, this allows the company to order more stock at the right time and in the right quantity to reduce shortages and thus, keep the inventory from being overstocked

Order Management

• Step 4. Picking:Picking is the process of collecting items according to the customer’s order from the storage site. This can be painful, but an effective WMS guarantees that the best product is chosen, using simple methodologies or company guidelines such as FIFO (first-in-first-out). Also, Barcode scanners or RFID scanners help with the order accuracy of getting the right WMS products.
• Step 5. Packing:The type and quantity of packaging are determined by WMS automatically and an optimum packing process is proposed. UPS, FedEx, and USPS shipping labels (as well as price tags, logos, and other necessary documentation) may be printed straight from the machine, so there is no need to manually input addresses or re-type tracking numbers.
• Step 6. WIP (Work In Progress):A customized WMS will also track whether the packed product is in progress or in transit. This can be helpful to keep updating your customers about their product and shield the trust. Also, in a situation where the packages are lost, broken, or theft, managers can easily identify and solve the issue.
• Step 7. Shipping:WMS program then helps to make sure your orders are delivered on schedule to the right customers and notifies them about the same. Also, thanks to the prevention of errors made at the selection and dispatch periods. Because your transportation management systems made effective and less expensive for inbound and outbound order fulfillment with the program.
• Step 8. Returns:By automating every step like making the return, documenting the purpose, upgrading the stock, granting complete or partial refunds, and producing reports, WMS will help streamline this unpleasant process.

Reporting & Analytics

• Step 9. Safety Control:WMS will keep tracking of what is going on in the warehouse to ensure safety by monitoring the location of workers, marking incoming truck license plates, restricting access to certain locations, etc.
• Step 10. Reporting:Customizable analytics will provide a report on all the details and recognize your most profitable client, top-selling commodity, best-performing sales channel, most productive worker, yard management details, and peak sales season.