Warehouse inventory management software provides the tools, processes, and best practices that give you the power to take control of your warehouse operations.
Warehouse inventory management software, or WMS as it's often called, manages products or items from the time they enter the warehouse until the the time they are removed through sales or relocation for other reasons.
Warehouse management software supports and optimizes warehouse functions and distribution center management, as well as facilitating activities such as daily planning, organizing, controlling and directing the utilization of available resources; moving and storing materials into, within, and out of a warehouse facility; and supporting staff in their warehouse roles, responsibilities, and performance.
Your warehouse inventory management software should include tools and functionalities like inventory management, order fulfillment, receiving and put-away, picking and shipping of orders, and auditing and accounting, to name the most common.
In some cases, the selection of a warehouse management system and the deployment method will depend on the size, nature, and complexity of the operations.
Some vendors then offer products with the features and capabilities to scale with a company as its size and operational requirements expand. A company may start with a need for a simple inventory tool for a small business and then expand to comprehensive tools that meet the end-to-end warehouse management needs of large enterprises.
The goal of warehouse inventory management software is to automate, streamline, and simplify warehouse tasks and activities creating a largely digital, paperless environment. This trend improves warehouse efficiency and productivity by optimizing processes including picking, packing and shipping. The accuracy rates in a well-implemented warehouse management system improve dramatically, improving customer satisfaction and reducing returns.
When you're looking for warehouse inventory management software, look for these key features.
More sophisticated solutions will offer other functionalities such as billing and invoicing, batch picking, zone picking, kitting and packaging options, directed put-away and cartonization. Additional specialized functions like 3PL (third-party logistics) handling, and transportation tracking and management are available for those who need them.
The cloud-based category of warehouse management tools is growing due to the benefit of the Software as a Service model. Your organization will always have the latest version of the software, and it can scale with your company as it grows. Disaster recovery is easy as the data is stored offsite, and the tools can be accessed from practically anywhere so you can continue serving customers.
Logiwa is a cloud-based solution that integrates with more than 70 of the top tools for shippers, including courier services, online sales platforms, accounting and ERP systems among many others. Lowiga can integrate with your existing systems to ensure there's no disruption during the transition.
To find out more about how Logiwa can supercharge your inventory management functions, contact us for a demo today.