In business, pennies add up. Warehouses play a massive role in moving products, but they come at a very high cost. The expenses are cumulative from the amount of space rented to utilities used and the stockholding to labor.

Do you wish that you could have a 360-view of your inventory while having an extremely high inventory accuracy? Can you currently point out the exact position of said goods in your inventory? If not, you need inventory management software that will help you increase the stock accuracy in your supply chain.

A Warehouse Management System or WMS cost includes the total amount that you would have to pay to install and support warehouse automation software. The price of the warehouse management system differs on business needs, deployment options, and scope. Specifically, companies with successful WMS increase productivity by up to 40% of labor, proving the superiority of WMS customization 99.9% of the time.

Managing inventory across multiple warehouses is a tiring process, but with the right strategies, it can actually make your business run more smoothly. Multi-warehouse inventory management keeps the right amount of stock in the right places, so it can save shipping costs and fulfill orders faster, increasing Order fulfillment efficiency. You should keep enough items in each location.

Online inventory management is the process of tracking the physical inventory of your business. The tool can be cloud-based, or it can be a software system that uses your resources rather than relying on the cloud for managing the inventory levels, orders, sales, and deliveries in real time, which is particularly needed in retail inventory control and e-commerce inventory management.

A Warehouse Management System (WMS) is a software solution designed to optimize and control warehouse operations and distribution centre management.

Due to supply chain disruptions and labor shortages, retailers, manufacturers, and other omnichannel players constantly struggle to adapt. In fact, according to a report, some of the biggest challenges facing supply chain operations include talent shortages (56%), disruptions (54%), running out of stock (52%), and consumer demands (52%).

Thanks to the global growth of e-commerce, companies are heavily investing in warehouse spaces across the globe. But what happens when warehouses are disconnected from systems upstream and downstream across supply chain operations? Businesses will likely lose revenues and customers — when warehouse operations are not synchronized with other supply chain processes. This is why we need warehouse management solutions.