Behind the success of every startup or brand, there is a story full of lots of hardships and management issues that were resolved with smart solutions, contributing to the success that it has today.
One of the major management issues for every small business appears when a warehouse is set up for the fulfillment of orders, no matter if the business is omnichannel or multichannel.
What is Warehouse Management
Warehouse management refers to the functions that you set inside your warehouse to organize and control everything to make processes faster and smoother and use your resources to their maximum capacity. It includes all the day-to-day activities that take place in every warehouse based on their industry and type of products.
Warehouse Management tasks that apply for every retailer or wholesaler include:
Space Allotment and Arrangement of stocks
Purchase and refilling of stocks, as well as keeping track of the current stocks
Managing and tracking packaging, shipment, and delivery of your products or goods
Employing and engaging with equipment to manage various processes in your warehouse
The main objective of employing Warehouse management practices is making the day-to-day activities in your warehouse more productive, standardized, cost-efficient, and time-saving to increase the effectiveness of operations in your warehouse.
The need for warehousing for small business
Warehousing is important for every small business that has to accommodate purchasing, selling, storage, or transportation of products or goods in bulk, irrespective if it’s a wholesaling business or a retail business with a large number of daily orders.
Here are some of the advantages of warehousing for a small business:
Inventory Optimisation
Warehousing helps small businesses to reduce and bridge the gap between supply and demand. With a proper inventory management system, you can set goals and targets for yourself and project your future statistics effectively. It can also help you to minimize overstocking or understocking issues.
Increasing Process Efficiency
Warehousing can help you to house equipment, machinery, and supplies that can aid packaging and processing making it faster. When you store more supplies and buy them in bulk, you can save a lot of money and time consumed in purchasing and transporting supplies or packaging equipment.
Overhead Cost Reduction
Managing a warehouse is not inexpensive. But by integrating the correct technology along with standardized work processes, you can maximize the potential of your warehouse and use it to increase your business profits and monthly or annual turnover significantly, along with reducing a lot of overhead charges that come with operating a warehouse for your business.
Maximizing the Visibility
Every small business needs to focus on its supply chain performance to maximize its visibility and enter into more profitable deals with bulk orders and promised timed deliveries. The better your performance is, the more sale orders you will receive, hence increasing your visibility.
Enhanced Customer Service
Once you are managing a warehouse, you will be able to predict the estimated time that each order going out of your warehouse will take before it gets delivered. Hence, you will be able to provide better timelines to your clients or customers, even for bulk orders. Suitable warehousing will enable you to offer better delivery and distribution services with reduced chances of errors, delays, and damages, or misplacing of your goods or products. Hence, the customer experience that your end-users have when they engage with you will be enhanced.
Ensuring Price Stability
For goods and products whose prices keep on fluctuating frequently, warehousing is a good solution to purchase and store higher quantity products when the prices are lower and sell them back during the peak season for an ensured high-profit percentage.
Risk Management
If your business deals with delicate or perishable products, warehousing is the most effective solution for safe and secure storage, even in bulk quantities. Warehousing is also a good solution for products that need to be kept at certain temperatures to keep them surviving or to increase their shelf life.
How Unicommerce Helps?
Keeping in mind the various difficulties that the warehouse owners face with warehouse management, Unicommerce has developed smart Warehouse Management Software that provides end-to-end technical support to manage the daily activities inside your warehouse.
Unicommerce Warehouse Management Software (WMS) assists you to:
Increase in Labour Productivity
Improve Warehouse Space Utilization
Improve Inventory Visibility and Accuracy
Increase on-time shipments
Our Warehouse Management Software integrates Inventory Management, Order Management, Warehouse Inward and Outward Operations, as well as RFID Barcode Scanning and Returns Management on the same portal making it an excellent model of a cloud-based Warehouse Management System to boost your sales and business growth.
0 Comments:
Post a Comment