Warehouse Management System aka WMS is software solution used for the day-to-day operations with centralized management of various tasks. The importance of Inventory Management system in any company is very crucial.
PROWESS warehouse management system is flexible and robust enough to handle anything your warehouse (or any other part of your supply chain) can throw at it.
To win in the highly competitive distribution world, you need to continually look for ways to drive down operational costs and escalate your level of customer service. It’s a game in which your warehouse needs to be your supply chain’s most valuable player — financially and with your customers!
When almost every warehouse management system on the market promises to reduce warehouse inefficiencies, increase order accuracy, improve inventory management, and deliver stellar customer service, where can distributors turn to get ahead (and stay ahead) of the competition?
» Powerful Reporting and Status Updates
- Instant global inventory visibility (for you and your customers).
- Provide your customers with online access to standard and customizable reports- allowing them to view real-time inventory status, shipment,status, parcel tracking information – and more.
- Automatically notify customers via email of key warehouse events (e.g., receipts, shipments, etc.)
- The Right Capabilities to Increase Profitability
- Maintain total visibility and control- eliminating time-wasting phone calls with your customer service department.
- Full order management with direct EDI support, order imports from Excel, or manual data entry (by warehouse staff or your customers).
- Customizable packing slips.
- Order allocation management.
- Pick management (FIFO, bin-priority, etc.)
- Receive, store, pick and report on material by pallet ID number.
- Manage inventory by lot number, serial number, and/or expiration date.
- Send advance shipment notifications (ASN) electronically to suppliers or retailers.
- Mobile barcode scanning for increased accuracy.
- Manage full kiting and assembly functions.
- Direct (Logistics Software) integration to streamline operations.
- International dates and time zones, currency, metric dimensions and weight support.
- Advanced Billing Functionality
- Never miss revenue opportunities with a customer specific pricing.
- Capture billing at the end of each transaction.
- Ensures key costs associated with a transaction are captured and billed.
- Fully customizable to capture and track recurring expense, including monthly minimums, storage and other user-configurable categories.
- Advanced Technology Solutions
- Retailer UCC-128 Label Printing
- Barcode Scanning
» Supply Chain Management Features that Give You a Competitive Edge
Today’s popular supply chain management can help companies achieve and maintain a competitive edge by empowering them to streamline and enhance their most important supply chain operations from start to finish. With supply chain management in place, organizations can maximize cost-efficiency, increase productivity, and give their bottom line a big boost.
How does supply chain management software enable the realization of all these benefits? By offering a broad range of robust features, delivered through a comprehensive suite of tightly integrated modules and applications. This functionality is designed to fully automate and support supply chain processes from end-to-end, and includes:
» Inventory Management
Let’s take a deep drive to understand better:
With supply chain management, companies can significantly improve the way they track and manage their supplies of raw materials and components needed for production, finished goods to satisfy open sales orders, and spare parts required for field service and support. This eliminates excess and waste, frees up valuable real estate for other important purposes, and minimizes related storage costs.
» Order Management
Supply chain management software can dramatically accelerate the execution of the entire order-to-delivery cycle by helping companies to more productively generate and track sales orders. Supply chain management also enables the dynamic scheduling of supplier deliveries to more effectively meet demand, as well as more rapid creation of pricing and product configurations.
All activities and tasks associated with sourcing, purchasing, and payables can be fully automated and streamlined across a company’s entire supplier network with supply chain management software. As a result, businesses can build stronger relationships with vendors, better access and manage their performance, and improve negotiations to leverage volume or bulk discounts and other cost-cutting measures.
As companies expand globally, their supply chains become more and more complex. This makes the coordination of the numerous warehouses and transportation channels involved quite a challenging endeavour without supply chain software in place. With supply chain management, businesses can improve on-time delivery performance and boost customer satisfaction by achieving complete visibility into how finished goods are stored and distributed, regardless of the number of facilities or partners that participate.
» Forecasting and Planning
With supply chain management, organizations can more accurately anticipate customer demand and plan their procurement and production processes accordingly. As a result, they can avoid unnecessary purchases of raw-materials, eliminate manufacturing over-runs, and prevent the need to store excess finished goods, or slash prices to move products off of warehouse shelves.
» Return Management
Supply chain software can simplify and accelerate the inspection and handling of defective or broken goods – on both the buy and sell side of the business – and automate the processing of claims with suppliers and distributors, as well as insurance companies.
Many supply chain offerings also include add-on options or modules designed to enhance related activities. Through these features, support is provided for a variety of important processes such as contract management, product life cycle management, capital asset management, and more.
Supply Chain Management (SCM) software can offer tremendous value to any company that relies on the smooth planning and execution of related operations to achieve long-term profitability and maintain a solid competitive edge. That’s why more and more organizations are purchasing and implementing supply chain applications.
Here are some of the key benefits that SCM software delivers:
» Improved Supply Chain Network
Supply chain management software provides complete, 360-degree visibility across the entire supply chain network. It allows users to monitor the status of all activities across all suppliers, production plants, storage facilities, and distribution centres. This enables more effective tracking and management of all related processes, from the ordering and acquisition of raw materials, to manufacturing and shipping of finished goods to customers or retail outlets. The status of mission-critical activities can be tracked at all times, and potential inefficiencies or problems can be identified and corrected immediately, before they become unmanageable.
» Minimized Delays
Many supply chains – particularly those that haven’t been enhanced with a supply chain application – are plagued by delays that can result in poor relationships and lost business. Late shipments from vendors, hold-ups on production lines, and logistical errors in distribution channels are all common issues that can negatively impact a company’s ability to satisfy customer demand for its products. With SCM software, all activities can be seamlessly coordinated and executed from start to finish, ensuring much higher levels of on-time delivery across the board.
» Enhanced Collaboration
Imagine having the ability to know exactly what your suppliers and distributors are doing at all times – and vice versa.
SCM software makes that possible by bridging the gap between disparate business software systems at remote locations to dramatically improve collaboration among supply chain partners. With SCM software, all participants can dynamically share vital information – such as demand trend reports, forecasts, inventory levels, order statuses, and transportation plans – in real-time. This type of instantaneous, unhindered communication and data-sharing will help keep all key stakeholders informed, so that supply chain processes can run as smoothly as possible.
» Reduced Costs
Supply Chain Management software can help reduce overhead expenses in a variety of ways.
It can, for example:
Improve inventory management, facilitating the successful implementation of just-in-time stock models and eliminating the strain on real estate and financial resources incurred by the storage of excess components and finished goods
Enable more effective demand planning, so production output levels can be set to most effectively address customer requirements – without the shortages that result in lost sales or wastes that drain budgets
Improve relationships with vendors and distributors, so that purchasing and logistics professionals can identify cost-cutting opportunities such as volume discounts
Without warehouse management software, order fulfilment and returns can be very confusing. A manually-run warehouse may depend on handwritten labels on each product bin, and fulfilment could depend on individual pickers running throughout the warehouse picking items visually. This process is naturally prone to error. It is easy for a picker to select an incorrect item simply through carelessness, or even because an item may have been misplaced or incorrectly labelled.
Furthermore, inefficiencies will result from a manual fulfilment system when the warehouse workers attempt to consolidate space when a shelf is half empty. The purpose of doing so is to gain efficiency and maximize use of space, but without an automated system in place, the risk of error is high.
» Better Fulfilment with Automated Picking in Warehouse Management Software
Warehouse management software should automate the picking process. Having pickers select products based on visual inspection and labels alone is inefficient, time consuming, and risky. A simple barcode system, which equips each employee with a bar code and labels each item or pallet, guards against the mistakes of picking by visual inspection.