A warehouse management system, WMS in short, is a kind of software that provides insight into an organization’s whole inventory and oversees supply chain fulfillment activities from the distribution center to the retail shelf. Additionally, warehouse management (WMS) systems help businesses to optimize labor and space efficiency, as well as their equipment expenditures, by coordinating and optimizing resource use and material streams.
WMS systems are specifically designed to meet the demands of a fully-globalized economy, with multiple sectors including dispersion, production, asset-intensive extractive industries, and service enterprises. Connected customers want to purchase everywhere, fulfill wherever, and return anywhere in today’s fluid and multichannel economy. To satisfy this huge volume of demand, organizations must be able to react and act rapidly, which requires sophisticated warehouse management software that maximizes fulfillment capabilities.
Therefore, it becomes critical not just for tracking all items in your factory, but also for streamlining how inventory handlers choose goods and process orders. It enables you to follow the product life cycle as it enters the warehouse, as it is packaged and stored in shelves and placed in different locations, and as it exits the storage facility for order fulfillment.
Because the warehouse management system has access to the company database, when a customer submits an order, it can quickly determine if the items are in stock. Rather than requiring a human to manually cross-reference the request and the inventory, the WMS will label the item as ready for packing automatically. This saves much time and effort. Indeed, when utilized efficiently, many WMS services pay for themselves and represent a smart investment providing long-term benefits.