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7 Benefits Warehouse Management System (WMS)
A capable, integrated Warehouse Management System can save money and improve profitability in many areas. Some are:
1. Reduce the potential for “lost” inventory.
No product should be misplaced because each item is assigned a particular warehouse slot and tracked from receiving to shipping using real-time data. WMS improves inventory visibility and helps you manage levels of safety stock of even the most complex supply chains.
2. Reduce warehouse costs and enhance employee utilization.
More efficient placement and selection can allow 3PLs to reduce labor costs, and larger quantities of inventory can be stored more efficiently with mechanized warehousing services systems optimizing on-site storage space and labor management.
3. Optimize supply chain inventories.
Storage space is sometimes considered wasted warehouse space. Similarly, excess inventory is money lost. Because WMS eliminates uncertainty through real-time visibility of each stage of the supply chain, including warehouse space optimization, this software solution can reduce inventories and safety stocks to ideal levels.
4. Eliminate surprises and emergency deliveries
With the transparency of an effectively integrated WMS and real-time visibility of stock levels and available warehouse staff and storage space, demand changes can be anticipated faster, and customer service can be met with a higher degree of confidence. As a result, inventories may be adjusted sooner to meet the unexpected shift in demand.
5. Accurate inventory management – tracking, billing, and financial data become automatic.
With a well-developed WMS system, all elements of warehousing services are integrated. When a single order is received, the inventory starts to move, invoicing is created, trucks are loaded, and deliveries are scheduled.
6. More efficient production planning and procurement
Warehouse efficiency, production, planning and procurement can better synchronize through shared forecasting and real-time inventory information. Production and purchasing managers can match forecasts with lead times and inventories to improve product flows along and reduce wait times along the entire supply chain operation.
7. Cloud-based warehousing systems allow for easy access to crucial information.
A warehouse management system can be cloud-based, which allows key personnel to access information with any device from everywhere.
With multiple access capabilities, the client, warehouse, and shipping companies can all check the same product and delivery status information in real-time.
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