SlideShare una empresa de Scribd logo
1 de 11
      
Highjump May 2008
   A warehouse management system will take months, even up
    to a year, to install, and cost hundreds of thousands of dollars
    in consulting and services fees.

    o Choose WMS specifically designed for smaller
       businesses.

    o Choose software vendor with the right solution, technology
       and supply chain experience.

    o Choose software vendor who has demonstrated an
       implementation methodology within the planned timeframe
       and budget.
   Any warehouse management system that fits our
    business now will be too small for us in a couple of
    years.

    o Choose a software vendor that can provide what you
       need today but with a technology platform that allows
       for future growth

    o Choose a software vendor who can provide an
       upgrade path to add new functionality or additional
       modules
   Warehouse management solution software is too
    expensive for small businesses.

    o Choose software vendor that offers flexible or
      subscription-based pricing plans.
   Any vendor that can give me a decently priced
    warehouse management system will be out of
    business in a few years
    o Be selective when choosing a software vendor

    o Choose vendor with the right solution and supply chain experience

    o Choose vendor that has financial viability

    o Research several software vendors. Ask about their client base and
      contact a company that is about the same size.
   A low, up-front cost for a warehouse management
    system will automatically provide a lower total cost of
    ownership over the long term
     o An usually low price tag should set off a warning
       signal.
     o The vendor offers a low initial cost but anticipates a
       much higher cost of implementation services.
     o Inquire about the vendors investment in R&D to
       continually improve the product over time
     o Avoid buying a legacy product that has limited future
       liability
   My business is too small to reap any benefits from a
    warehouse management system

    o Any company will save on labor, improve inventory
      management, attain more accurate shipments and
      improve space allocation. This will lead to increased
      customer satisfaction.
    o A WMS will reduce paper-driven processes
    o Typical timeframe to expect an ROI is between 6 to
      18 months. Perform a thorough cost/benefit analysis
      before implementing.
   I don’t need a best-of-breed WMS; my homegrown
    system already works and gets the job done.

    o Evaluate the cost of ongoing maintenance and
      customization of this homegrown application
    o Custom-developed applications become difficult to
      support and become more costly to maintain
    o Custom-developed applications are usually less
      adaptable to changing business requirements
   Training costs will be too high

    o Training does cost time and money, but the right
      WMS should simplify operations, not complicate them
   Examine potential WMS and vendors greatly.
   Choose a software vendor with long-term viability,
    ongoing product support, and strong financial health.
   Choose a WMS that won’t require initially purchasing
    modules that the company does not need.
   Choose a vendor/WMS that provides a straightforward
    and flexible upgrade path.
   Does the vendor provide a straightforward upgrade path,
    or will you require an entirely new installation, product or
    platform?
   Is it possible to add specific supply chain modules such
    as labor or transportation management?
   Does the vendor bring domain expertise and experience
    helping companies that are similarly sized and in the
    same industry?

Más contenido relacionado

La actualidad más candente

Linkedin Selling Services
Linkedin Selling ServicesLinkedin Selling Services
Linkedin Selling Servicesdewilkin
 
Supply Chain Management Self-Assessment
Supply Chain Management Self-AssessmentSupply Chain Management Self-Assessment
Supply Chain Management Self-AssessmentTom Craig
 
Implementing supply chain management
Implementing supply chain managementImplementing supply chain management
Implementing supply chain managementAmadeoDorlus
 
Power Transmission EPC Project Stores Management
Power Transmission EPC Project Stores ManagementPower Transmission EPC Project Stores Management
Power Transmission EPC Project Stores ManagementVikrant Dhoke
 
Reduce Costs with Distribution Network Planning
Reduce Costs with Distribution Network PlanningReduce Costs with Distribution Network Planning
Reduce Costs with Distribution Network PlanningLloyd Brown
 
LINKS Simulation for supply chain management
LINKS Simulation for supply chain managementLINKS Simulation for supply chain management
LINKS Simulation for supply chain managementravieeevit
 
Chapter 6 Midterm
Chapter 6 MidtermChapter 6 Midterm
Chapter 6 MidtermAlexBrown
 
Lean Inventory Management: Using Lean Initiatives to Manage Inventory
Lean Inventory Management: Using Lean Initiatives to Manage InventoryLean Inventory Management: Using Lean Initiatives to Manage Inventory
Lean Inventory Management: Using Lean Initiatives to Manage InventoryFlevy.com Best Practices
 
Wmc2013 final
Wmc2013 finalWmc2013 final
Wmc2013 finalIMAFS
 
091419 software product_pricing_kruemcke_product_camp23
091419 software product_pricing_kruemcke_product_camp23091419 software product_pricing_kruemcke_product_camp23
091419 software product_pricing_kruemcke_product_camp23Jay Kruemcke
 
Example Of Business Operations Analysis Powerpoint Presentation Slides
Example Of Business Operations Analysis Powerpoint Presentation SlidesExample Of Business Operations Analysis Powerpoint Presentation Slides
Example Of Business Operations Analysis Powerpoint Presentation SlidesSlideTeam
 

La actualidad más candente (18)

Linkedin Selling Services
Linkedin Selling ServicesLinkedin Selling Services
Linkedin Selling Services
 
Planning Sample
Planning SamplePlanning Sample
Planning Sample
 
Planning_sample
Planning_samplePlanning_sample
Planning_sample
 
2011 NPF Six Sigma Overview
2011 NPF Six Sigma Overview2011 NPF Six Sigma Overview
2011 NPF Six Sigma Overview
 
Supply Chain Management Self-Assessment
Supply Chain Management Self-AssessmentSupply Chain Management Self-Assessment
Supply Chain Management Self-Assessment
 
Implementing supply chain management
Implementing supply chain managementImplementing supply chain management
Implementing supply chain management
 
Power Transmission EPC Project Stores Management
Power Transmission EPC Project Stores ManagementPower Transmission EPC Project Stores Management
Power Transmission EPC Project Stores Management
 
Reduce Costs with Distribution Network Planning
Reduce Costs with Distribution Network PlanningReduce Costs with Distribution Network Planning
Reduce Costs with Distribution Network Planning
 
LINKS Simulation for supply chain management
LINKS Simulation for supply chain managementLINKS Simulation for supply chain management
LINKS Simulation for supply chain management
 
Chapter 6 Midterm
Chapter 6 MidtermChapter 6 Midterm
Chapter 6 Midterm
 
Lean Inventory Management: Using Lean Initiatives to Manage Inventory
Lean Inventory Management: Using Lean Initiatives to Manage InventoryLean Inventory Management: Using Lean Initiatives to Manage Inventory
Lean Inventory Management: Using Lean Initiatives to Manage Inventory
 
Wmc2013 final
Wmc2013 finalWmc2013 final
Wmc2013 final
 
Acc
AccAcc
Acc
 
091419 software product_pricing_kruemcke_product_camp23
091419 software product_pricing_kruemcke_product_camp23091419 software product_pricing_kruemcke_product_camp23
091419 software product_pricing_kruemcke_product_camp23
 
Mtc ppt
Mtc pptMtc ppt
Mtc ppt
 
Example Of Business Operations Analysis Powerpoint Presentation Slides
Example Of Business Operations Analysis Powerpoint Presentation SlidesExample Of Business Operations Analysis Powerpoint Presentation Slides
Example Of Business Operations Analysis Powerpoint Presentation Slides
 
Influencing factor for process change
Influencing factor for process changeInfluencing factor for process change
Influencing factor for process change
 
Money Saving
Money SavingMoney Saving
Money Saving
 

Destacado

Squeeze more out of your tms
Squeeze more out of your tmsSqueeze more out of your tms
Squeeze more out of your tmspurplestains88
 
Doesthe recognizermatter
Doesthe recognizermatterDoesthe recognizermatter
Doesthe recognizermatterpurplestains88
 
Rfid update back on growth track
Rfid update back on growth trackRfid update back on growth track
Rfid update back on growth trackpurplestains88
 
Sargento’s finely aged upgrade
Sargento’s finely aged upgradeSargento’s finely aged upgrade
Sargento’s finely aged upgradepurplestains88
 

Destacado (8)

Squeeze more out of your tms
Squeeze more out of your tmsSqueeze more out of your tms
Squeeze more out of your tms
 
Manage longtermtco
Manage longtermtcoManage longtermtco
Manage longtermtco
 
Doesthe recognizermatter
Doesthe recognizermatterDoesthe recognizermatter
Doesthe recognizermatter
 
Rfid update back on growth track
Rfid update back on growth trackRfid update back on growth track
Rfid update back on growth track
 
Picksystems
PicksystemsPicksystems
Picksystems
 
Sargento’s finely aged upgrade
Sargento’s finely aged upgradeSargento’s finely aged upgrade
Sargento’s finely aged upgrade
 
Manage longtermtco
Manage longtermtcoManage longtermtco
Manage longtermtco
 
Wms in the cloud
Wms in the cloudWms in the cloud
Wms in the cloud
 

Similar a Debunking the top eight myths

Understanding True CRM Costs before Implementing an Enterprise Solution
Understanding True CRM Costs before Implementing an Enterprise SolutionUnderstanding True CRM Costs before Implementing an Enterprise Solution
Understanding True CRM Costs before Implementing an Enterprise Solutionwilliamsjohnseoexperts
 
Wholesale distribution White Paper
Wholesale distribution White PaperWholesale distribution White Paper
Wholesale distribution White PaperGarima Sinha
 
Finance :: Insurance Software Solutions - Build or Buy
Finance :: Insurance Software Solutions - Build or BuyFinance :: Insurance Software Solutions - Build or Buy
Finance :: Insurance Software Solutions - Build or Buytorpidpenitenti59
 
Evaluating Hosted CRM
Evaluating Hosted CRMEvaluating Hosted CRM
Evaluating Hosted CRMDemand Metric
 
10 points to consider while choosing a BPM Software
10 points to consider while choosing a BPM Software10 points to consider while choosing a BPM Software
10 points to consider while choosing a BPM SoftwareSivaram Subramaniam
 
10 things you need to know before buying manufacturing software
10 things you need to know before buying manufacturing software10 things you need to know before buying manufacturing software
10 things you need to know before buying manufacturing softwareMRPeasy
 
FY15-1734_Cognizant_subscription_model_solution_brief_v4
FY15-1734_Cognizant_subscription_model_solution_brief_v4FY15-1734_Cognizant_subscription_model_solution_brief_v4
FY15-1734_Cognizant_subscription_model_solution_brief_v4dipesh biswas
 
Supply Chain Optimization with AIMMS
Supply Chain Optimization with AIMMSSupply Chain Optimization with AIMMS
Supply Chain Optimization with AIMMSAIMMS
 
The Ultimate Tech Stack: 4 Omnichannel Solutions for the Scaling Merchant
The Ultimate Tech Stack: 4 Omnichannel Solutions for the Scaling MerchantThe Ultimate Tech Stack: 4 Omnichannel Solutions for the Scaling Merchant
The Ultimate Tech Stack: 4 Omnichannel Solutions for the Scaling MerchantAndy Eastes
 
element^n - Picking the Perfect Partner
element^n - Picking the Perfect Partnerelement^n - Picking the Perfect Partner
element^n - Picking the Perfect PartnerJennifer Carey
 
Supply Chain Solutions - Where does the future lie?
Supply Chain Solutions - Where does the future lie?Supply Chain Solutions - Where does the future lie?
Supply Chain Solutions - Where does the future lie?Nikhil Kejriwal
 
CurrencyRecyclingeval
CurrencyRecyclingevalCurrencyRecyclingeval
CurrencyRecyclingevalDavid Pepin
 
Getting the Most Out of Your Supply Chain: A How-To Guide for Executing Conti...
Getting the Most Out of Your Supply Chain: A How-To Guide for Executing Conti...Getting the Most Out of Your Supply Chain: A How-To Guide for Executing Conti...
Getting the Most Out of Your Supply Chain: A How-To Guide for Executing Conti...HighJump
 
The Cloud Strategy
The Cloud StrategyThe Cloud Strategy
The Cloud StrategyVikas Gupta
 

Similar a Debunking the top eight myths (20)

Understanding True CRM Costs before Implementing an Enterprise Solution
Understanding True CRM Costs before Implementing an Enterprise SolutionUnderstanding True CRM Costs before Implementing an Enterprise Solution
Understanding True CRM Costs before Implementing an Enterprise Solution
 
Wholesale distribution White Paper
Wholesale distribution White PaperWholesale distribution White Paper
Wholesale distribution White Paper
 
Er pvs bestofbreed
Er pvs bestofbreedEr pvs bestofbreed
Er pvs bestofbreed
 
Er pvs bestofbreed
Er pvs bestofbreedEr pvs bestofbreed
Er pvs bestofbreed
 
Finance :: Insurance Software Solutions - Build or Buy
Finance :: Insurance Software Solutions - Build or BuyFinance :: Insurance Software Solutions - Build or Buy
Finance :: Insurance Software Solutions - Build or Buy
 
Evaluating Hosted CRM
Evaluating Hosted CRMEvaluating Hosted CRM
Evaluating Hosted CRM
 
10 points to consider while choosing a BPM Software
10 points to consider while choosing a BPM Software10 points to consider while choosing a BPM Software
10 points to consider while choosing a BPM Software
 
10 things you need to know before buying manufacturing software
10 things you need to know before buying manufacturing software10 things you need to know before buying manufacturing software
10 things you need to know before buying manufacturing software
 
SaaS
SaaSSaaS
SaaS
 
FY15-1734_Cognizant_subscription_model_solution_brief_v4
FY15-1734_Cognizant_subscription_model_solution_brief_v4FY15-1734_Cognizant_subscription_model_solution_brief_v4
FY15-1734_Cognizant_subscription_model_solution_brief_v4
 
Supply Chain Optimization with AIMMS
Supply Chain Optimization with AIMMSSupply Chain Optimization with AIMMS
Supply Chain Optimization with AIMMS
 
GHS SDS conversion Guide
GHS SDS conversion GuideGHS SDS conversion Guide
GHS SDS conversion Guide
 
Top 10 Tips
Top 10 TipsTop 10 Tips
Top 10 Tips
 
About Corelynx
About Corelynx About Corelynx
About Corelynx
 
The Ultimate Tech Stack: 4 Omnichannel Solutions for the Scaling Merchant
The Ultimate Tech Stack: 4 Omnichannel Solutions for the Scaling MerchantThe Ultimate Tech Stack: 4 Omnichannel Solutions for the Scaling Merchant
The Ultimate Tech Stack: 4 Omnichannel Solutions for the Scaling Merchant
 
element^n - Picking the Perfect Partner
element^n - Picking the Perfect Partnerelement^n - Picking the Perfect Partner
element^n - Picking the Perfect Partner
 
Supply Chain Solutions - Where does the future lie?
Supply Chain Solutions - Where does the future lie?Supply Chain Solutions - Where does the future lie?
Supply Chain Solutions - Where does the future lie?
 
CurrencyRecyclingeval
CurrencyRecyclingevalCurrencyRecyclingeval
CurrencyRecyclingeval
 
Getting the Most Out of Your Supply Chain: A How-To Guide for Executing Conti...
Getting the Most Out of Your Supply Chain: A How-To Guide for Executing Conti...Getting the Most Out of Your Supply Chain: A How-To Guide for Executing Conti...
Getting the Most Out of Your Supply Chain: A How-To Guide for Executing Conti...
 
The Cloud Strategy
The Cloud StrategyThe Cloud Strategy
The Cloud Strategy
 

Más de purplestains88 (20)

Metrics
MetricsMetrics
Metrics
 
Whywehavewhses
WhywehavewhsesWhywehavewhses
Whywehavewhses
 
Doesthe recognizermatter
Doesthe recognizermatterDoesthe recognizermatter
Doesthe recognizermatter
 
Ocean spray managed tms
Ocean spray managed tmsOcean spray managed tms
Ocean spray managed tms
 
Three principles of transportation optimization
Three principles of transportation optimizationThree principles of transportation optimization
Three principles of transportation optimization
 
Planning successfulwms implementation
Planning successfulwms implementationPlanning successfulwms implementation
Planning successfulwms implementation
 
Debunking the top eight myths
Debunking the top eight mythsDebunking the top eight myths
Debunking the top eight myths
 
Guess warehouse management solutions
Guess  warehouse management solutionsGuess  warehouse management solutions
Guess warehouse management solutions
 
Technology
TechnologyTechnology
Technology
 
Workforce
WorkforceWorkforce
Workforce
 
Workforce
WorkforceWorkforce
Workforce
 
Leadership
LeadershipLeadership
Leadership
 
Inventory
InventoryInventory
Inventory
 
Costs
CostsCosts
Costs
 
Warehouselayout
WarehouselayoutWarehouselayout
Warehouselayout
 
Sorting
SortingSorting
Sorting
 
Sorting
SortingSorting
Sorting
 
Warehouselayout
WarehouselayoutWarehouselayout
Warehouselayout
 
Orderpicking
OrderpickingOrderpicking
Orderpicking
 
Nashville state community college
Nashville state community collegeNashville state community college
Nashville state community college
 

Último

What is paper chromatography, principal, procedure,types, diagram, advantages...
What is paper chromatography, principal, procedure,types, diagram, advantages...What is paper chromatography, principal, procedure,types, diagram, advantages...
What is paper chromatography, principal, procedure,types, diagram, advantages...srcw2322l101
 
ابو ظبي اعلان | - سايتوتك في الامارات حبوب الاجهاض للبيع ف حبوب الإجهاض ... ا...
ابو ظبي اعلان | - سايتوتك في الامارات حبوب الاجهاض للبيع ف حبوب الإجهاض ... ا...ابو ظبي اعلان | - سايتوتك في الامارات حبوب الاجهاض للبيع ف حبوب الإجهاض ... ا...
ابو ظبي اعلان | - سايتوتك في الامارات حبوب الاجهاض للبيع ف حبوب الإجهاض ... ا...brennadilys816
 
Should Law Firms Outsource their Bookkeeping
Should Law Firms Outsource their BookkeepingShould Law Firms Outsource their Bookkeeping
Should Law Firms Outsource their BookkeepingYourLegal Accounting
 
Elevate Your Online Presence with SEO Services
Elevate Your Online Presence with SEO ServicesElevate Your Online Presence with SEO Services
Elevate Your Online Presence with SEO ServicesHaseebBashir5
 
Pitch Deck Teardown: Goodcarbon's $5.5m Seed deck
Pitch Deck Teardown: Goodcarbon's $5.5m Seed deckPitch Deck Teardown: Goodcarbon's $5.5m Seed deck
Pitch Deck Teardown: Goodcarbon's $5.5m Seed deckHajeJanKamps
 
#Mtp-Kit Prices » Qatar. Doha (+27737758557) Abortion Pills For Sale In Doha,...
#Mtp-Kit Prices » Qatar. Doha (+27737758557) Abortion Pills For Sale In Doha,...#Mtp-Kit Prices » Qatar. Doha (+27737758557) Abortion Pills For Sale In Doha,...
#Mtp-Kit Prices » Qatar. Doha (+27737758557) Abortion Pills For Sale In Doha,...drm1699
 
How to refresh to be fit for the future world
How to refresh to be fit for the future worldHow to refresh to be fit for the future world
How to refresh to be fit for the future worldChris Skinner
 
hyundai capital 2023 consolidated financial statements
hyundai capital 2023 consolidated financial statementshyundai capital 2023 consolidated financial statements
hyundai capital 2023 consolidated financial statementsirhcs
 
Raising Seed Capital by Steve Schlafman at RRE Ventures
Raising Seed Capital by Steve Schlafman at RRE VenturesRaising Seed Capital by Steve Schlafman at RRE Ventures
Raising Seed Capital by Steve Schlafman at RRE VenturesAlejandro Cremades
 
1Q24_EN hyundai capital 1q performance
1Q24_EN   hyundai capital 1q performance1Q24_EN   hyundai capital 1q performance
1Q24_EN hyundai capital 1q performanceirhcs
 
Beyond Numbers A Holistic Approach to Forensic Accounting
Beyond Numbers A Holistic Approach to Forensic AccountingBeyond Numbers A Holistic Approach to Forensic Accounting
Beyond Numbers A Holistic Approach to Forensic AccountingYourLegal Accounting
 
Presentation4 (2) survey responses clearly labelled
Presentation4 (2) survey responses clearly labelledPresentation4 (2) survey responses clearly labelled
Presentation4 (2) survey responses clearly labelledCaitlinCummins3
 
PitchBook’s Guide to VC Funding for Startups
PitchBook’s Guide to VC Funding for StartupsPitchBook’s Guide to VC Funding for Startups
PitchBook’s Guide to VC Funding for StartupsAlejandro Cremades
 
wagamamaLab presentation @MIT 20240509 IRODORI
wagamamaLab presentation @MIT 20240509 IRODORIwagamamaLab presentation @MIT 20240509 IRODORI
wagamamaLab presentation @MIT 20240509 IRODORIIRODORI inc.
 
Unlocking Growth The Power of Outsourcing for CPA Firms
Unlocking Growth The Power of Outsourcing for CPA FirmsUnlocking Growth The Power of Outsourcing for CPA Firms
Unlocking Growth The Power of Outsourcing for CPA FirmsYourLegal Accounting
 
Inside the Black Box of Venture Capital (VC)
Inside the Black Box of Venture Capital (VC)Inside the Black Box of Venture Capital (VC)
Inside the Black Box of Venture Capital (VC)Alejandro Cremades
 
A BUSINESS PROPOSAL FOR SLAUGHTER HOUSE WASTE MANAGEMENT IN MYSORE MUNICIPAL ...
A BUSINESS PROPOSAL FOR SLAUGHTER HOUSE WASTE MANAGEMENT IN MYSORE MUNICIPAL ...A BUSINESS PROPOSAL FOR SLAUGHTER HOUSE WASTE MANAGEMENT IN MYSORE MUNICIPAL ...
A BUSINESS PROPOSAL FOR SLAUGHTER HOUSE WASTE MANAGEMENT IN MYSORE MUNICIPAL ...prakheeshc
 
Shots fired Budget Presentation.pdf12312
Shots fired Budget Presentation.pdf12312Shots fired Budget Presentation.pdf12312
Shots fired Budget Presentation.pdf12312LR1709MUSIC
 

Último (20)

What is paper chromatography, principal, procedure,types, diagram, advantages...
What is paper chromatography, principal, procedure,types, diagram, advantages...What is paper chromatography, principal, procedure,types, diagram, advantages...
What is paper chromatography, principal, procedure,types, diagram, advantages...
 
ابو ظبي اعلان | - سايتوتك في الامارات حبوب الاجهاض للبيع ف حبوب الإجهاض ... ا...
ابو ظبي اعلان | - سايتوتك في الامارات حبوب الاجهاض للبيع ف حبوب الإجهاض ... ا...ابو ظبي اعلان | - سايتوتك في الامارات حبوب الاجهاض للبيع ف حبوب الإجهاض ... ا...
ابو ظبي اعلان | - سايتوتك في الامارات حبوب الاجهاض للبيع ف حبوب الإجهاض ... ا...
 
Should Law Firms Outsource their Bookkeeping
Should Law Firms Outsource their BookkeepingShould Law Firms Outsource their Bookkeeping
Should Law Firms Outsource their Bookkeeping
 
WAM Corporate Presentation May 2024_w.pdf
WAM Corporate Presentation May 2024_w.pdfWAM Corporate Presentation May 2024_w.pdf
WAM Corporate Presentation May 2024_w.pdf
 
Elevate Your Online Presence with SEO Services
Elevate Your Online Presence with SEO ServicesElevate Your Online Presence with SEO Services
Elevate Your Online Presence with SEO Services
 
Pitch Deck Teardown: Goodcarbon's $5.5m Seed deck
Pitch Deck Teardown: Goodcarbon's $5.5m Seed deckPitch Deck Teardown: Goodcarbon's $5.5m Seed deck
Pitch Deck Teardown: Goodcarbon's $5.5m Seed deck
 
#Mtp-Kit Prices » Qatar. Doha (+27737758557) Abortion Pills For Sale In Doha,...
#Mtp-Kit Prices » Qatar. Doha (+27737758557) Abortion Pills For Sale In Doha,...#Mtp-Kit Prices » Qatar. Doha (+27737758557) Abortion Pills For Sale In Doha,...
#Mtp-Kit Prices » Qatar. Doha (+27737758557) Abortion Pills For Sale In Doha,...
 
How to refresh to be fit for the future world
How to refresh to be fit for the future worldHow to refresh to be fit for the future world
How to refresh to be fit for the future world
 
hyundai capital 2023 consolidated financial statements
hyundai capital 2023 consolidated financial statementshyundai capital 2023 consolidated financial statements
hyundai capital 2023 consolidated financial statements
 
Raising Seed Capital by Steve Schlafman at RRE Ventures
Raising Seed Capital by Steve Schlafman at RRE VenturesRaising Seed Capital by Steve Schlafman at RRE Ventures
Raising Seed Capital by Steve Schlafman at RRE Ventures
 
1Q24_EN hyundai capital 1q performance
1Q24_EN   hyundai capital 1q performance1Q24_EN   hyundai capital 1q performance
1Q24_EN hyundai capital 1q performance
 
Beyond Numbers A Holistic Approach to Forensic Accounting
Beyond Numbers A Holistic Approach to Forensic AccountingBeyond Numbers A Holistic Approach to Forensic Accounting
Beyond Numbers A Holistic Approach to Forensic Accounting
 
Presentation4 (2) survey responses clearly labelled
Presentation4 (2) survey responses clearly labelledPresentation4 (2) survey responses clearly labelled
Presentation4 (2) survey responses clearly labelled
 
PitchBook’s Guide to VC Funding for Startups
PitchBook’s Guide to VC Funding for StartupsPitchBook’s Guide to VC Funding for Startups
PitchBook’s Guide to VC Funding for Startups
 
wagamamaLab presentation @MIT 20240509 IRODORI
wagamamaLab presentation @MIT 20240509 IRODORIwagamamaLab presentation @MIT 20240509 IRODORI
wagamamaLab presentation @MIT 20240509 IRODORI
 
Unlocking Growth The Power of Outsourcing for CPA Firms
Unlocking Growth The Power of Outsourcing for CPA FirmsUnlocking Growth The Power of Outsourcing for CPA Firms
Unlocking Growth The Power of Outsourcing for CPA Firms
 
Obat Aborsi Pasuruan 0851\7696\3835 Jual Obat Cytotec Di Pasuruan
Obat Aborsi Pasuruan 0851\7696\3835 Jual Obat Cytotec Di PasuruanObat Aborsi Pasuruan 0851\7696\3835 Jual Obat Cytotec Di Pasuruan
Obat Aborsi Pasuruan 0851\7696\3835 Jual Obat Cytotec Di Pasuruan
 
Inside the Black Box of Venture Capital (VC)
Inside the Black Box of Venture Capital (VC)Inside the Black Box of Venture Capital (VC)
Inside the Black Box of Venture Capital (VC)
 
A BUSINESS PROPOSAL FOR SLAUGHTER HOUSE WASTE MANAGEMENT IN MYSORE MUNICIPAL ...
A BUSINESS PROPOSAL FOR SLAUGHTER HOUSE WASTE MANAGEMENT IN MYSORE MUNICIPAL ...A BUSINESS PROPOSAL FOR SLAUGHTER HOUSE WASTE MANAGEMENT IN MYSORE MUNICIPAL ...
A BUSINESS PROPOSAL FOR SLAUGHTER HOUSE WASTE MANAGEMENT IN MYSORE MUNICIPAL ...
 
Shots fired Budget Presentation.pdf12312
Shots fired Budget Presentation.pdf12312Shots fired Budget Presentation.pdf12312
Shots fired Budget Presentation.pdf12312
 

Debunking the top eight myths

  • 1.  Highjump May 2008
  • 2. A warehouse management system will take months, even up to a year, to install, and cost hundreds of thousands of dollars in consulting and services fees. o Choose WMS specifically designed for smaller businesses. o Choose software vendor with the right solution, technology and supply chain experience. o Choose software vendor who has demonstrated an implementation methodology within the planned timeframe and budget.
  • 3. Any warehouse management system that fits our business now will be too small for us in a couple of years. o Choose a software vendor that can provide what you need today but with a technology platform that allows for future growth o Choose a software vendor who can provide an upgrade path to add new functionality or additional modules
  • 4. Warehouse management solution software is too expensive for small businesses. o Choose software vendor that offers flexible or subscription-based pricing plans.
  • 5. Any vendor that can give me a decently priced warehouse management system will be out of business in a few years o Be selective when choosing a software vendor o Choose vendor with the right solution and supply chain experience o Choose vendor that has financial viability o Research several software vendors. Ask about their client base and contact a company that is about the same size.
  • 6. A low, up-front cost for a warehouse management system will automatically provide a lower total cost of ownership over the long term o An usually low price tag should set off a warning signal. o The vendor offers a low initial cost but anticipates a much higher cost of implementation services. o Inquire about the vendors investment in R&D to continually improve the product over time o Avoid buying a legacy product that has limited future liability
  • 7. My business is too small to reap any benefits from a warehouse management system o Any company will save on labor, improve inventory management, attain more accurate shipments and improve space allocation. This will lead to increased customer satisfaction. o A WMS will reduce paper-driven processes o Typical timeframe to expect an ROI is between 6 to 18 months. Perform a thorough cost/benefit analysis before implementing.
  • 8. I don’t need a best-of-breed WMS; my homegrown system already works and gets the job done. o Evaluate the cost of ongoing maintenance and customization of this homegrown application o Custom-developed applications become difficult to support and become more costly to maintain o Custom-developed applications are usually less adaptable to changing business requirements
  • 9. Training costs will be too high o Training does cost time and money, but the right WMS should simplify operations, not complicate them
  • 10. Examine potential WMS and vendors greatly.  Choose a software vendor with long-term viability, ongoing product support, and strong financial health.  Choose a WMS that won’t require initially purchasing modules that the company does not need.  Choose a vendor/WMS that provides a straightforward and flexible upgrade path.
  • 11. Does the vendor provide a straightforward upgrade path, or will you require an entirely new installation, product or platform?  Is it possible to add specific supply chain modules such as labor or transportation management?  Does the vendor bring domain expertise and experience helping companies that are similarly sized and in the same industry?