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Best WMS Software: How Do I Choose?

We know there are a lot of warehouse and inventory management software solutions out there. Whether you operate a small- to medium-sized warehouse or have multiple fulfillment centers, keeping track of your products, optimizing employee efficiency, and reducing costs are essential for all warehouse managers. But what is the best WMS software for your business? You may be surprised to learn that the best WMS software for your needs is also the best warehouse management software for all warehouse operators. And not to brag, we think Logiwa’s WMS is the best. 

In this guide, we’ll explore:

  1. Warehouse Management Systems and Your Operation
  2. Why Do You Need WMS Software in 2022?
  3. Types of WMS Software Products Available
  4. How to Choose the Best WMS Software for Your Business
  5. FAQs

Warehouse Management Systems and Your Operation

If you operate a warehouse, inventory is your lifeblood. You need to know how much inventory you have and where it is throughout all of your inbound and outbound processes. You may be relying on manual systems to keep track of your inventory or have digitized some of your processes already, but there is probably still room for improvement. 

With the right wms software, you can track your inventory from receipt to storage, packing and shipping, and returns. You can optimize walking paths and picking processes to maximize employee productivity and improve order accuracy. And you can connect with popular e-commerce, marketplace, billing, and shipping providers to create a more seamless system to keep clients happy and customers coming back. With WMS key performance indicators (KPIs), you can set baseline measurements and track improvements while reducing costs and reaching your growth targets. 

Why Do You Need WMS Software in 2022?

As the demand for goods continues to rise worldwide and supply chains are pushed to their limits, the importance of high-quality warehouse operations also increases. Online shopping and e-commerce are growing steadily, and consumers want products delivered to their doors immediately. Forbes reports that 76% of online shoppers made purchases from companies on sites outside their own countries. It will be increasingly challenging to keep up with demand while keeping your clients and customers satisfied with your services if you run your warehouse with manual tools or sub-par software. 

Your ability to meet demands is becoming ever more dependent on your ability to implement the best warehouse management software (like Logiwa’s) to improve and speed up all of your warehouse processes, improve employee productivity, and meet the demands of your clients and customers. Choosing the best warehouse and inventory management software will allow you to automate your inbound and outbound operations in as little as four weeks, not four months (or more). You can onboard new employees in hours instead of days, and you can bring new clients and new fulfillment centers online quickly and easily with clicks, not code.

Using cloud-based software, you can have total visibility and control over your fulfillment network no matter where you are or where your warehouses are. If you specialize in third-party logistics (3PL), you need a software system that integrates seamlessly with your existing digital tools so that you never miss an order.

Types of WMS Software Products Available

The WMS market breaks down into five types of vendors based on company size:

  1. Annual revenues of less than $50 million USD
  2. Annual revenues between $50 million and $1 billion USD
  3. Annual revenues between $1 billion and $10 billion USD
  4. Annual revenues of more than $10 billion USD
  5. Government/Public Service/Education suppliers

These groupings can be broken down further by industry, including education, manufacturing, retail, services, transportation, finance, healthcare, media, and miscellaneous. 

No matter how much revenue your business earns each year or the industry you serve, you need the best WMS software to make sure you can meet the demands of your clients and customers.

Devices Comparing warehouse inventory system

Transform your warehouse to a DTC fulfillment center

Small Business WMS Software 

For small- and medium-sized businesses, which the Small Business Administration defines as having $1 million to more than $40 million in revenue and 100 to 1500 employees, your goal is to keep costs as low as possible and provide excellent customer service. Business goals you need to consider when choosing warehouse and inventory management software include:

  •   Reducing fulfillment error rates, which can cost businesses between $35 and $50 per error;
  •   Managing inventory, from receiving and putaway, to picking and packing;
  •   Creating effective billing systems; and
  •   Improving customer service.

If you have growth or expansion plans in your future, now is the perfect time to think about implementing WMS software into your operations. Even if growth isn’t on the horizon, using a warehouse management system will provide insight into your processes, help you establish performance goals, and improve your services to clients and customers. 

Large Business WMS Software

Large warehouse operators can enjoy all of the above benefits, with the ability to manage multiple warehouses on the same platform. You can integrate tools and equipment already in use in your warehouses (barcode scanners, scales, and conveyor systems) to improve efficiency and accuracy and save shipping costs, establish directed putaway algorithms, improve walking path optimization, or even set up third-party logistics services for your clients. Warehouse software can help you do all of that and more. 

Explore the eight critical benefits of warehouse management system software implementation to help your business grow and serve your clients.

How to Choose the Best WMS Software for Your Business

How do you know which WMS is the best fit for your business? Ultimately, the best warehouse management software and system will be the one that meets your current and future needs, as well as the one that fits your budget. 

Software Connect is an excellent resource for information about available WMS software and warehouse software at various price points. We’re proud that Logiwa is listed as their best overall system. It highlights our ability to integrate with more than 200 e-commerce, marketplace, billing and shipping services, and our quick implementation time (you can be up and running in less than four weeks!).

At Logiwa, we want you to choose the best WMS software that will help your business improve and grow. We would love to connect with you to discuss your current operations, pain points and goals, and why Logiwa could be your ideal WMS partner. We encourage you to connect with a member of our sales team or request a demo.

FAQS

Why do I need WMS software?

Online shopping and e-commerce continue to grow. To meet the demands of your customers and the needs of your clients, you need accurate insight into your inventory so you can get orders out the door quickly. The best WMS software will help you improve and scale your business for the ever-expanding global e-commerce marketplace. In short, warehouse management software puts you ahead of your competition. 

My warehouse is a small operation. Do I need a WMS?

Yes! Implementing a WMS while your business is still growing is the perfect time to establish best practices and set business goals. WMS software will help reduce fulfillment errors, create effective billing systems, and improve your customer service. 

Can a WMS make my large operation even better?

With a WMS that can integrate with more than 200 e-commerce, marketplace, shipping, and billing suppliers, you can streamline your operations, improve inbound and outbound processes, and reduce costs. If you’re planning to incorporate third-party logistics offerings to clients, having the best WMS software will be imperative. It will ensure accurate inventory management and picking, packing, and shipping processes.

How do I choose the best WMS software for my needs?

Implementing new software into your warehouse operations is a big commitment. It takes time and money, both of which are precious resources in the industry. We’re happy to meet with you to discuss your needs and to help you choose the best WMS software for your current and future needs.

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