Warehouse optimization has become essential over the years, especially in today’s world where customers are looking for quick order fulfilment. Warehouse software ensures that warehouses are optimized and that they become more efficient. We will discuss some of the features to look out for and some of the software’s benefits.
Warehouse software increases visibility into the warehouse’s inventory and assists in managing the supply chain fulfilment operations from the distribution centre until the package reaches the store’s shelf.
Benefits of Having Warehouse Software
Below are the benefits that you can expect from warehouse software:
Warehouse software determines the best way to use space through floor plan analysis and task, and material characteristics; ensuring that warehouses gain more opportunities to reduce space and the time wasted searching for products.
Lowering operating expenses
Since warehouse software assists in optimizing space, it will also be able to reduce the potential costs associated with there being excessive material movement, placement and retrieval. The software looks at the best locations where products can be stored, ensuring that warehouses lower their operating costs.
One of the ways that warehouse software increases inventory visibility is through scanning, RFID and any other location-tracking methods. The software can gauge product demand and seasonality through historical information, ensuring that the business increases revenue while mitigating losses.
The materials in the warehouse are tracked or traced using warehouse software as it looks at the batch, lot and serial numbering. Batch/lot numbers indicate where the materials were made, while the serial number can identify the specific item. Inventory tracking using these two methods ensures that warehouses can track products with incoming receipts and outgoing shipments, which is vital for tracing materials. The ability to trace materials increases accurate inventory planning, reduces potential redundancies, and is helpful for retrievable information that warehouses can use for recall situations and service maintenance.
Top Warehouse Software Features
For warehouses to ensure that their needs are met, there are certain features that they need to look out for, and these features include:
You might deal with different people in different locations, operating at different time zones, or they might not be in the warehouse when emergencies occur. Employees must have instant access to the data that they need or for user permissions. Cloud-based solutions give users access to real-time information regardless of their location. This feature also allows anyone who has a browser and internet connection to access information and enable employees to have standardized mobile apps for easy and quick processing.
Multi-level scanning, tagging and labelling
Warehouse software allows warehouses to use, program and print inventory codes such as RFID tags, QR codes and bar codes across multiple orders, batches, pallets and items. The inventory codes should be customizable to ensure that they meet the global inventory coding standards. The software should prompt employees to ensure that they check that the labelling meets the relevant industry standards.
Automated space and resource allocation
Warehouse software must assist warehouses in ensuring that they make better decisions regarding the allocation of space and human resources for incoming goods. The information offered by the software can be relayed to workers, which increases efficiency. Some warehouse software can automatically make decisions about task and space allocation through automated workflows.
Stock rotation methods
One of the features that you need to look for in warehouse software is stock rotation. There are many stock rotation methods that you can choose from, such as LIFO and FIFO and the method you will choose to implement mainly depends on the products you deal with. You may also choose to manage your inventory by manufacture date, expiration date, receipt date, and lot number. Warehouse software is also able to manage stock in special operations such as cross-docking operations or inter-company warehouse transfers.
Inventory history and audit
Warehouse inventory enables you to track the history of stock movements and provides full traceability, visibility and chain of custody. The software also assists warehouses in manual audits, which is used when you have inventory accuracy, allowing you to spend less time auditing – giving you more time to focus on improving your profit margins.
In a world ruled by technology, employees must have quicker access to data in the warehouse, which is why it is crucial to use warehouse software that has a mobile-friendly interface. Having software with a mobile-friendly interface ensures that you can view purchase orders, finished goods, raw materials and track inventory from handheld devices from wherever you are. This makes certain that there is more efficiency in the warehouse as reports can be electronically generated, and every transaction can be recorded at the workers’ fingertips.