If you are losing customers just because you don’t have the in-demand product in your warehouse, then it’s time to worry about the growth and success of your company. Do yourself a favor by getting warehouse management system (WMS) software for your company.
Such software is very effective in helping you to manage your warehouse excellently. However, you cannot just bring any software program for this function. You need to do plenty of things before introducing WMS software in your company.
One of the main things you need to do is select a type of WMS. There are different types of warehouse management systems based on several things. Knowing these types allows you to get a suitable software program to manage your warehouse, as not all software is equipped enough to help you with every category of WMS.
Many people, including you, may not know about the types of warehouse management systems. But don’t worry! We got you. We will tell you about the different types of WMS so you can choose the right warehouse management system software for your business.
Standalone WMS System
This system supports small businesses and organizations. It doesn’t have all the features of a regular WMS. The primary use of the Standalone WMS system is in supply chain management. Apart from that, it has two distinct features: warehouse management and inventory management.
These features allow you to easily manage the storage of products for your small business. As the standalone doesn’t have enough features, you can use it by integrating it with some manual operations such as spreadsheets.
You can opt for this system to effectively manage the warehouse of your small business only. However, a lack of features may not let it integrate with the advanced features of a modern WMS. In order to grow your small business, you need to transform your warehouse management processes as well.
Enterprise Resource Planning (ERP) System
It is one of the advanced systems for small businesses. However, it doesn’t have system-directed warehouse management features, automation, or real-time visibility like a dedicated system. In fact, if you are looking to take your supply chain management to the next level, you can opt for investing in a WMS that integrates with your ERP system. This makes it easy to manage growth.
The ERP system is more suitable for accounting purposes. The inventory fulfillment features of an ERP system allow business owners to manage their warehouses and supply chains effectively from a resource management, customer relationship management, accounting and finance standpoint. It may be suitable for small businesses, but cause scaling problems when they are looking for a transformation.
Cloud-Based WMS
Cloud-based warehouse management is one of the most important and quick working systems for fast-growing businesses. As it is clear from the name, this system is cloud-based. The cloud makes WMS integrations super fast and cost-effective. In as little as 90 days, you can integrate your WMS with your ERP, CRM, and many other functions, taking your business toward success.
In addition to these benefits, a cloud-based warehouse management system provides excellent security for your data. Only those who have access permissions to your data from your end can reach your data. And most importantly, you can have access to this cloud-based data from any corner of the world.
Modern WMS
A modern, dedicated warehouse management system allows you to manage everything related to your warehouse in real time, such as tracking inventory, order status, billing records, receiving, and insight customer demand. In addition, dedicated WMS systems streamline a host of different processes touching each order from click to delivery.
The modern WMS also provides excellent warehouse management features including rate shipping, supplier management, customer service, transport management, and more. It is super suitable for third-party logistics (3PL) warehouse management as well. You can use it to make better use of your inventory, reach more customers, and handle higher volumes at a lower overall cost.
Bottom Line
Now it’s up to you to choose a WMS for your business depending upon its infrastructure and your future plans. Deposco, a superb application for warehouse management, can help you with all these types of WMS. In my opinion, a cloud-based or modern WMS is perfect for your business.
