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How a Warehouse Management System Helps Increase Inventory Accuracy and Avoid Out of Stock Issues
Having issues with keeping track of your inventory? It happens. But it can be embarrassing (and bad for business) when your website doesn’t show an item out of stock.
What you need is a way to keep track of everything and make sure your warehouse processes are managed appropriately.
A warehouse management system is a fast and simple solution that helps you know exactly what’s going on at your facility so you never sell an out of stock item again.
Sound too good to be true? Found out more about how warehouse management systems work by reading this article
There’s no company in the last 2 decades (or really, since Ford & the Model T) that’s made a transformation in the industrial world as dramatic as Amazon. Bezos took his talents from Wall Street to Washington and transformed the way retailers sell - completely flipping the world of consumerism on its head.
Amazon wasn’t the first company to sell online and certainly wasn’t the only player in the space. Big wigs like Ebay and Walmart saw Amazon coming over a decade ago, but still weren’t able to do anything about it - how? Amazon’s biggest advantage was never technology or online - it was about their operations. Amazon’s warehousing and processes were so ruthlessly streamlined and efficient, they still remain over a decade ahead of their nearest competitor.
Did you know that E-Commerce Fulfillment is one of the most important parts of satisfying the online consumer?
Think about it. What do consumers want these days? Speedy delivery is always at the top of their list of demands. But the only way to decrease delivery times is to have more warehouse locations and better logistics solutions. Not convinced? Then check ou
According to Fraunhofer IML institute* in Germany an Inventory Management System is primarily a system for managing quantities and locations (bins) and their relationships to each other.
In general terms, warehouse management refers to the monitoring, control, and optimization of complex warehouse and distribution systems. In addition to the basic functions of warehouse management, such as quantity and bin management and transport management and scheduling, Warehouse Management Systems (WMS) also include numerous methods and means for controlling the system states and a selection of operating and optimization strategies. The main tasks of a WMS are to manage and optimize the internal warehouse systems.