Warehouse Management System is an effective solution to solve difficulties in inventory management, optimize warehouse operations, increase capital efficiency, etc. What stands out about this system? What are the benefits of using inventory management software for businesses? The following article by Viindoo will answer all those questions.
What is WMS Warehouse Management System?
Warehouse Management System (WMS) is a solution to help businesses manage inventory, orders, sales, and deliveries. WMS supports companies in controlling and managing warehouse activities from input to output. In addition, this system also guides the process of placing and receiving inventory, helping businesses optimize the selection and shipping of orders and warehouse management.
WMS supports businesses in controlling warehouse activities
A warehouse management system includes five main components to optimize warehouse management activities:
- Warehouse management software
- Electronic devices to install the application
- Printers
- Barcode Scanner
- Wireless Network
These components work closely together to advance your inventory management.
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The All-in-one WMS for SMEs covers all 5 main components. Automate your inventory process leading to increased efficiency, accuracy, and ultimately, cost savings.
Outstanding features of WMS
Optimizing the design and space of the warehouse
WMS allows companies to allocate inventory items in a reasonable order and location. As a result, importing, exporting, or inventorying goods has become more transparent and accessible. WMS supports administrators in estimating and setting up proper shelves to maximize storage space. At the same time, inventory types are also streamlined through this system.
WMS allows companies to allocate inventory items in a reasonable order and location
Inventory management and control
WMS warehouse management system combines with SCM software and many advanced technology applications such as IoT, RFID, etc. Thanks to that, administrators can closely track goods in the warehouse and easily collect data about goods. inventory, safety stocks , detecting goods with problems in storage.
WMS warehouse management system supports effective inventory control
Storage
WMS warehouse management system applies many advanced technologies such as IoT, RFID,... Thanks to that, administrators can closely track goods in the warehouse and easily collect data about goods. inventory, detecting goods with problems in storage.
WMS system supports businesses to store goods
Loading and unloading
Warehouse management systems provide administrators with many options to make loading and unloading goods easier. At the same time, this system also plans goods by consignment combined with aisles. This helps workers cut down on transportation and improve work efficiency.
Warehouse management system makes loading and unloading goods more convenient
Order management & transportation
When the order is confirmed by the manager, the WMS system will automatically issue the bill of lading (Bill of Lading) and send it to the shipping unit. At the same time, the system also supports businesses to print out a list of goods to be exported as well as a temporary invoice to confirm the order.
WMS system allows businesses to manage orders & transport
Wharf management
Another important feature of the WMS system is yard management. This feature supports managers to organize scientific warehouses, assigning incoming and outgoing vehicles, etc. Since then, managing goods in the warehouse also becomes easier, and businesses also cut storage costs. warehouse and maximize delivery efficiency.
WMS system supports yard management
Human Resource Management
The human resource management feature of the WMS system supports administrators to monitor and control employee productivity. The job performance index (KPI) table integrated in the system also helps managers easily assess the working performance of employees in the enterprise.
WMS system supports human resource management
Warehouse report
WMS warehouse management system allows businesses to build real-time overview inventory reports. From there, the system provides managers with an overview of the warehouse status, grasping the turnover rate of goods to adjust appropriately.
The WMS system allows businesses to build reports on the condition of the warehouse area
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Benefits of WMS warehouse management system
- Minimize operating costs: The WMS system supports managers to build a floor plan in the warehouse, determine where to store goods, simulate the warehouse floor, ...
- Improve inventory visibility: This feature allows managers to know the status of goods in stock over time through barcodes, serial numbers and RFID tags.
- Just-in-Time Inventory Management: This feature allows businesses to calculate the level of inventory to meet demand without exceeding or below market requirements.
- Enhanced security: Most of the current warehouse management systems require employees to use personal accounts when participating in transactions. As a result, businesses can limit the risk of disclosing technology secrets or losing competitive advantages in the market.
- Optimizing the import and export process: This feature allows administrators to manage the import and export process more effectively.
- Effective human resource management: WMS supports managers to create a suitable work schedule and division of work for each employee. As a result, businesses can cut inefficient operating costs.
- Manage payment activities: Most WMS warehouse management systems integrate payment capabilities or link with third parties to provide this service for businesses.
- Improved relationships with suppliers and customers: This system helps suppliers reduce waiting times at ports, along with helping to reduce delivery times to customers.
Consulting warehouse management system for leading enterprises
Viindoo is a leading unit providing businesses with effective warehouse management solutions. Viindoo Inventory allows businesses to automate the process of importing/exporting or inventorying goods in the warehouse.
Warehouse management software WMS Viindoo Inventory
Warehouse management software Viindoo helps businesses optimize and reduce time spent managing goods thanks to features such as:
- Real-time inventory tracking, automatically updating inventory as soon as goods are exported, imported, and moved
- Supply is not redundant, there is no shortage because the software helps users to capture items for sale, items to be replenished, time & reasonable quantity
- Increasing capital efficiency by balancing the turnover ratio of goods, making capital turnover flexible
- Full traceability by Lavoisier method & Double entry
- Optimize warehouse operations with document digitization and standardize processes with automated rules
Viindoo's warehouse management system also has the ability to automatically create a layout diagram so users can easily grasp the location of each goods in the warehouse. Thanks to that, the warehouse management process also becomes easier than ever. Managers can use this system to track inventory and devise appropriate sales strategies.
Discover Viindoo Inventory Software
The All-in-one Inventory Software for SMEs. Automate your inventory process leading to increased efficiency, accuracy, and ultimately, cost savings.
FAQs
What is a Warehouse Management System (WMS)?
Warehouse Management System (WMS) is a software application or platform that helps businesses manage and control various aspects of warehouse operations. It provides tools and functionalities to efficiently handle inventory, optimize storage, track shipments, and streamline overall warehouse processes.
Is a Warehouse Management System suitable for small businesses?
Yes, a Warehouse Management System (WMS) can be beneficial for small businesses as well. It helps them streamline their warehouse operations, improve inventory accuracy, and enhance efficiency. However, the specific requirements and complexity of the WMS should be considered to ensure it aligns with the needs and scale of the business.
What are the key features of Viindoo's Warehouse Management software?
Viindoo's Warehouse Management software offers a range of features, including:
- Inventory Management: Real-time tracking of inventory levels, stock movements, and stock locations.
- Order Management: Efficient handling of customer orders, including order fulfillment, picking, packing, and shipping.
- Receiving and Putaway: Streamlined processes for receiving goods, inspecting them, and assigning appropriate storage locations.
- Warehouse Layout and Slotting: Optimized placement of products within the warehouse to maximize space utilization and picking efficiency.
- Labor Management: Effective management of labor resources, including workforce scheduling, task assignments, and performance monitoring.
- Reporting and Analytics: Comprehensive reports and analytics on warehouse operations, inventory levels, order status, and key performance indicators (KPIs).
How does Viindoo's software improve warehouse efficiency?
Viindoo's software automates many aspects of warehouse management, reducing manual processes and minimizing errors. It provides real-time visibility into inventory levels, helps optimize storage space, and streamlines order fulfillment.
Does Viindoo's software support multiple warehouse locations?
Yes, Viindoo's software is capable of managing multiple warehouse locations. This is especially useful for businesses with operations in different regions or countries.
Conclusion
Warehouse management system is an effective solution for enterprise's inventory management in the current digital age. Hopefully the above article of Viindoo has given you an overview of the WMS system and made an appropriate decision to use it. If you want to find a warehouse management system consulting service, please contact us at hotline (+84) 2257309838!
