Warehouse management software allows you to do three main things: Optimize your warehouse setup, cut costs, and balance your inventory needs. Let’s talk about each of these things and show their importance to your business. They are all quite important, and by the end of this discussion you will be able to see just how important warehouse management software is to your company’s bottom line.
1. OPTIMIZE YOUR WAREHOUSE SETUP
It is important to put products in strategic locations in your warehouse so that they are easy for you and your workers to access. If your customers tend to order two or more products together, for example, you would be wise to put those products next to each other on the shelf to save time in the picking, packing, and shipping process. Also, it might seem like common sense that does not even need to be stated, but you should put your most popular products close to the loading bay for quick access because they will need to be picked and restocked more often than your other products. The closer they are to where they are received and sent out means that it will take less time to perform those motions. It is a small thing, but it can lead to big results over time. Warehouse management software helps you generate reports to show you which products are often ordered together and which ones are your highest sellers. You can then plan accordingly.
2. CUT COSTS
There are many ways that warehouse management software saves your business money. One way is by reducing your workforce requirements by empowering each employee to do more than they could before. Armed with a barcode scanner or other device, your workers can do batch picks, cycle counts, and much more in much less time than they could without those tools. This software also does the work of several employees in a shorter amount of time. Instead of requiring a large number of warehouse management specialists to keep your inventory running smoothly in and out of your warehouse, you can rely on just a few. And if you get warehouse management software that integrates with QuickBooks, you can eliminate double data entry and update both your financial and inventory records automatically when you order, receive, and sell products. You can schedule regular exports to QuickBooks to keep it constantly updated with fresh data.
3. BALANCE YOUR INVENTORY NEEDS
Warehouse management software helps you get just the right amount of inventory in your warehouse so you will not be overstocked on some products and sold out of others. It is extremely difficult to balance your inventory when you are keeping track of everything by hand or in a simple spreadsheet. Warehouse management software breaks down information into detailed reports, showing demand patterns and seasonal trends that have a big impact on how much inventory you should keep in stock.
Learn more about Fishbowl’s warehouse management software and put it to use in your business to start enjoying these and other benefits. Get a custom demo of Fishbowl
Warehouse management software is an important part of any company’s inventory control strategy. It helps businesses do three primary things:
- Optimize warehouse layouts
- Cut costs
- Balance inventory levels