Running a manufacturing company is never easy. From production to delivery, storage to procurement, you have to be on the ball with the latest progress in every field. Besides, you must proactively manage workforce activities and keep close tabs on market conditions as well as consumer needs. Given the tremendous influx of information related to production, shipment, consignment, and other activities, you simply can’t do without a robust ERP solution. Although a fully-integrated ERP software lets you handle a host of manufacturing processes, it is advisable to have a dedicated module for warehouse management.
This blog post sheds light on the importance of ERP software development for warehouse management and why it is essential for manufacturing companies. Subsequently, we’ll analyze the crucial factors that impact the performance of an ERP-based warehouse management system.
Importance of ERP Software Solutions For Warehouse Management
A warehouse management system (WMS) enhances the overall productivity of manufacturing processes by enabling warehouse managers to efficiently manage inventory levels. It lets you keep track of every small inventory movement down to the lowest level and aids in maintaining an efficient flow of inbound/outbound batches. At the same time, it lets you accelerate your order fulfillment cycle and boost supply chain productivity. Let us now take a quick look at the benefits of a warehouse management system delivers to manufacturing companies.
More Visibility Into Inventory Data
ERP software development for warehouse management enables warehouse managers to be in control of their inventory and gain better visibility into inventory data. Besides, it facilitates accurate demand forecasts and provides auto-replenishment features to prevent stock outages. Inventory optimization is yet another crucial aspect of a warehouse management system (WMS) that lets you keep your inventory organized and optimized in all scenarios.
The present-day warehouse management systems come with integrated DOM (distributed order management) to maintain a perfect balance between manufacturing, logistics, and supply chain management. The DOM support enables organizations to accelerate their order fulfillment cycle and strengthen shipping services to ensure timely delivery of batches. An ERP-based warehouse management system ensures that warehouse managers can electronically handle inbound/outbound shipments with reduced manual strain.
Increased Warehouse Productivity
ERP software development for warehouse management enables automation at every stage of production and thus, plays a critical role in improving workforce productivity. At the same time, it aids in accelerating manufacturing and supply chain processes by providing direct access to inventory. In doing so, it enables organizations to increase their production capacity, which further helps them to grow and expand. Above all, a WMS system augments workforce productivity by providing workers access to advanced tools and technologies.
Reduced Operating Costs
Needless to say, having an ERP-based warehouse management system enables organizations to significantly reduce their overhead costs. With advanced automation tools and robotic process automation (RPA) techniques in place, it lets you operate with limited manpower. That means you don’t have to overspend on hiring warehouse employees while letting machines handle most of the complex operations.
It’s quite evident that ERP software development for warehouse management is imperative to efficiently running a manufacturing business through thick and thin. Nevertheless, it is equally important to choose the right ERP solution to extract the maximum benefit from WMS. For instance, it’s crucial for small-to-medium-sized companies not to go over budget while opting for a warehouse management ERP software. By overspending on ERP for inventory management, they may not achieve the desired ROI in the expected timeframe. Below are the crucial parameters that you must take into consideration before opting for an ERP software for warehouse management:
– Size of a business
– Capital inflow and outflow
– The annual turnover
– Required features
– Expected return on investment
– Expected project completion timeline
Prior to investing in ERP software solutions for warehouse management, it is advisable to seek consultation from a seasoned ERP development company. By doing so, you can get off the ground quickly and move in the right direction towards fulfilling your business goals.
How We Help You With ERP Software Development For Warehouse Management?
We are a 360-degree ERP software development company that provides end-to-end enterprise solutions for diverse business use cases. We also provide ERP consulting services to help you choose the right software platform that best suits your business needs. Our development team specializes in developing performance-driven enterprise solutions for warehouse/inventory management, workforce management, and supply chain management. Our development team uses open-source ERP platforms like Odoo, OFBiz, OptaPlanner, ERPNext, and Opentaps to develop enterprise-grade software apps at competitive prices. For more information, send us your queries at [email protected].