Warehouse Management System Development

A warehouse management system (WMS) is software that aids in the control and management of warehouse operations. WMS software optimizes inventory receiving, storage, order picking and delivery, and advises on inventory replenishment. A WMS can be used independently or as part of a larger Enterprise Resource Planning (ERP) system.

There are four basic types of warehouse management systems:

1.Standalone WMS - a typical on-premise system that is used with a company’s original hardware and network.

2.Supply chain execution modules have a broad scope and can help companies to manage many aspects of the supply chain. Although its primary goal is to automate routine tasks (inventory management, material sourcing, and product cycles), it can also manage vendor relationships, ongoing business processes, and risk assessments.

3.Integrated ERP systems - a powerful solution for companies looking to considerably improve their software solutions. It is also a good choice for companies looking to get a competitive advantage and improve their ROI.

4.Cloud-based WMS - a web-based, centralized-computing model that uses cloud technology. It can offer the same benefits of a more traditional WMS while  also being easier and cheaper to implement.

1.Excess stock. When you store goods from a single channel, it is possible that they exceed the acceptable level, which results in the accumulated items becoming more of an expense than an income.

2.Not being able to meet the demand. Seasonality, weather, and the economy are among the key internal and external factors that influence the demand volatility. Having up-to-date information can aid in accurately forecasting demand and, as a result, avoid excess inventory that increases storage costs.

3.Low traceability and connectivity. The inconvenience arises when companies have to record every step of the chain and analyze the collected data which can lead to a loss of control over the goods and the supply's continuity.

4.Lack of space. The challenge with not having enough space is that goods will continue to accumulate excessively, resulting in work accidents, time wasted on locating products, and a loss of product quality.

5.Human capital problems. Employee training and integration issues may cause the entire chain to be delayed, inefficient, and costly due to rework. Employees in the logistics department should get ongoing training, and their KPIs must reflect and evaluate their productivity.