Customers turn to logistics services providers (LSPs)/third party logistics (3PL) companies because they expect that you will be able to run their warehousing and transportation operations more efficiently and cheaply than they can run it themselves.
Smart companies see technology as a way to continually increase productivity and operating efficiency – whether or not business is booming. The centerpiece for supply chain execution – the warehouse management system (WMS) – is an excellent place to start preparing your business for the impending return of the bull market. A well-tuned WMS can help your business reduce labor costs, improve inventory management, attain more accurate shipments, improve space allocation and increase customer satisfaction.
Secrets. They're everywhere, even where you’d least expect to find them. The warehouse management system (WMS) industry is no exception. As you evaluate systems to manage your distribution operations, you'll want to know everything you can to make the search process better. It's not a small project to evaluate, select and implement a WMS. These endeavors take diligence, time and a thorough understanding of your business goals to achieve operational excellence and competitive advantage over the long term. Learning how to critically compare WMS vendors and their various offerings will put you ahead of the game.
The effective management of your warehouse and fulfillment/distribution operations is critical to the ongoing success of your business-but you’re unsure whether to select your ERP’s warehouse module or a best-of-breed warehouse management system (WMS). Unfortunately, the answer is not simple. In today’s tight economy, there is significant pressure to use the warehouse module from your ERP vendor because its price is usually heavily discounted as part of the original ERP license or the cost of integration is presumed to be lower.
While definitions of a WMS run the gamut from Microsoft® Excel® spreadsheets to well-known best-of-breed applications, an inflexible or legacy WMS may be dragging down your productivity and putting your business at risk.
So the world probably doesn’t need another whitepaper detailing the benefits of a warehouse management system (WMS) – which, by the way, are increased productivity, real-time access to information, up to 99+ percent inventory accuracy, faster shipping, better collaboration with partners and improved customer service, to name a few.