supply chain software - An Updated Warehouse Management System Increases Profits
1. An Updated Warehouse Management System Increases Profits
Due to the recession many companies took a break from upgrading their inventory
software, but now that the economy is picking up many companies are investing again to
make sure they remain competitive in such a fickle financial market. In order to make
money it is eventually necessary to spend money, and that is the point that many
companies are at in 2011, after scrimping and pinching pennies for much of 2009.
Updated supply chain software can pay back in dividends. A seamless order process,
beginning with the purchasing order and ending with delivery confirmation, leads to
satisfied customers that will come back to your company time and time again. Referrals
of satisfied customers are the backbone of any successful company and the way to create
satisfied customers is to make sure your software is accurately, quickly, and efficiently
completing orders.
For a large company reliant on organized warehouses and shipping processes, having an
up-to-date warehouse management system (WMS) is crucial to increasing sales and
efficiency. A WMS controls movement and storage of warehouse inventory utilizing real-
time data. An effective WMS will also integrate transportation and delivery into your
database, making it easy to keep track of the entire sales process, from the initial order
placed by a client until the product reaches its final destination. By integrating multiple
systems into a single database, it is easier for employees to learn the software to keep the
company running smoothly. Utilizing a newer system also means that you can see what
inventory you have, what you’ve sold, and what you need to replenish, all on one
streamlined system.
To give an example of why an up-to-date, integrated system can save your company
money in the long run, a WMS that integrates with transportation systems doesn’t have to
sweat if a single truck shows up late, which in the past would have installed the entire
shipment and resulted in lost time and dollars. Instead, using the integrated software, a
company can communicate directly with the truck drivers and have the late incoming
truck load its shipment right onto an outgoing truck waiting at the loading dock. Less
time is lost in the loading process, busy managers don’t have to make a dozen phone calls
to achieve the same results, the orders are completed on time, and the shipping runs
seamlessly, creating satisfied customers and increasing profits in the long run.
inventory software, supply chain software, warehouse management system, WMS