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Warehouse Management ERP

The Benefits of Warehouse Management ERP

Early inventory management systems were designed to provide basic stored item and storage location functionality. Today, modern warehouse management ERP systems can do much more, allowing companies to continuously improve their operational efficiency.

Some of the best solutions to manage warehouse operations are the warehouse management modules included in advanced ERP systems, such as Microsoft Dynamics AX. Unlike separate software applications, ERP systems employ innovative technologies that enable organizations to connect all sorts of areas to each other for better business management. Large organizations, in particular, could hardly function without this type of functionality.

Warehouse Management Goes Beyond Day-to-Day Warehouse Operations

With solutions like Dynamics AX, companies can easily centralize a series of tasks, such as tracking stock locations, checking inventory levels, and monitoring picking and packing activities. Here is what complex warehouse management modules, such as the one included in Dynamics AX, can do for your company:

Warehouse Management ERP

  • Efficient storage administration – New warehouse management functionality permits important indicators to be monitored within the ERP framework. As a result, complex warehouse operations can be easily managed and optimized. The latest modules include radio frequency technology, integrated shipping, work-in-progress tracking, batch and serial number management, returns management, and many other features, indicating a new standard for warehouse operational transparency and accuracy within a facility. Focusing on real-time stock control, special functionality has been added to allow manufacturers to identify exactly what is in a warehouse and balance the inventories of multiple storage facilities at any given time.
  • Increased productivity – A complex warehouse management ERP system with advanced warehouse management functionality can help you get more out of your activities. Operatives will complete more tasks during the same time frame, which means better availability, quicker turnarounds, and higher return on investment.
  • Lower costs – An ERP system not only simplifies warehouse operations (e.g. your workers will be able to verify inventory levels without doing any physical checks, managers can coordinate activities with just a few clicks, etc.); it also ensures greater accuracy. There is always a risk of data redundancy when multiple separate systems are used. This can lead to errors that will cost you money. With Dynamics AX, on the other side, information is updated in real time across the entire company, so there are no discrepancies that may cause errors. Eliminating errors and rework will lower your operational costs.
  • Customization – Another important strong point of Dynamics AX is the possibility to choose modules and customize them to better fit your operations. For instance, you can choose to integrate the warehouse management module with the quality control module to prevent storing the items that have not passed the quality test in the warehouse. Specific features can be enabled to use cross-docking functionality, set up company policies for sales and transfer orders to and from warehouses, allocate batch/lot numbers for better warehouse management, etc. More modules and features can be added later on, as needed.
  • Better customer service – Having a sophisticated warehouse management ERP solution in place can help ensure that you always have sufficient quantities of products in stock. As shown above, it can also help reduce redundancies, errors, and rework, which will result in better customer service.

One of the most important things for a manufacturer is customer satisfaction. One way to make your customers happy is to embark on process-improvement initiatives. In many cases, this means the implementation of a cutting-edge ERP solution that includes innovative technologies to help companies improve customer service without increasing operating costs.

Despite what many manufacturers think, using two or more systems cannot help a company streamline its processes and achieve better outcomes. Instead, a fully integrated, end-to-end ERP solution including warehouse management functionality can provide companies with tangible, repeatable results quickly, results that will translate into significant cost savings and more business over the long run.


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Wholesale Distribution Software

Finding The Right Warehouse Management Software

Considered a mission-critical component of the supply chain, warehouse management plays a key role in how productive an organization can be. Running well-structured, error-free warehouse operations can help you overcome industry-specific challenges typically relating to high costs, redundant and inaccurate inventory, inefficient space utilization, inadequate location selection, and so on. How can you deal with all these? Where do you start?

Warehouse Management Systems

Is your warehouse full with slow-moving inventory? Do you bring in fast-moving items all too often? Do you store pallets randomly, wherever you find an empty slot? Do you have negative inventory balance? To solve all these and many other issues, it’s advisable to choose a warehouse management software solution well suited to your organization’s needs.

WMS

If properly deployed, a warehouse management system provides all the support you need to reduce costs, get in-depth insight into inventory and workflows, streamline operations to minimize errors and improve efficiency, respond quickly to market changes, and even measure and quantify results to identify areas for improvement.

But not all warehouse management systems are the same. How can you choose the best one? The answer lies in the features and benefits each system delivers. Here are a series of aspects to consider when selecting warehouse management software.

  • Picking, Packing and Shipping: Opting for a solution that simplifies picking, packing and shipping operations will maximize efficiency. The top warehouse management systems provide portable data terminals that not only give access to real-time sales order information, but also allow warehouse personnel to verify scans against sales orders directly, which eliminates time-consuming double checking of data. Additionally, these systems can be used to prepare and print shipping documents, such as customer invoices, packing lists and sales orders. Once documents are printed, the accounting data is automatically updated with the latest information on shipped orders.
  • Receiving: Warehouse employees are finally able to migrate from traditional paper-based operations to wireless receiving. Warehouse management systems make possible quick, accurate counts, quantity verifications, new item processing and label printing through mobile handheld devices. Being able to complete all these tasks while supervising receiving procedures gives you more control over warehouse operations.
  • Stock Counting: Embedded with an Internet connection and a physical count module, advanced warehouse management systems can be used in remote locations to count inventory. After counting multiple lots, you can utilize the same systems to audit inventory, identify misplaced, missing and redundant inventory, and connect to the office. Periodic, physical inventory counts can help you improve the efficiency of your warehouse by maximizing space utilization. Further, you can make your employees more accountable and responsible, determining them to do the right thing in all the aspects pertaining to their job.
  • Inventory Management and Tracking: With warehouse management software, you can confidently manage multiple warehouses within a single system, which makes it possible for you to supervise inter-warehouse, pallet and bib-to-bin transfers, select routes and destination warehouses when moving inventory in other locations, track inventory by bar-code transaction and serial number, view statistics and even monitor performance in real time.
  • Barcode Development: These systems also allow you to print custom labels on demand with just one click. You can print any number of labels, in different sizes for existing or future inventory items.

All these features ensure faster, more accurate warehouse operations, which translate to fewer delays, fewer incomplete deliveries and fewer customer returns. The result? A higher level of customer satisfaction and more repeat orders, on one side, and greater revenue and profit margin, on the other.

If you haven’t already guessed, the aforementioned capabilities belong to one of the best warehouse management software solutions available today: FusionWMS. Especially developed to extend Acumatica’s warehouse management functionality, FusionWMS can be fine-tuned to fit unique business requirements, enabling companies to transform logistics into a source of competitive differentiation by:

  • taking full control of their warehouse operations
  • automating and optimizing core warehouse functions
  • increasing agility, speed and efficiency for superior operational accuracy, greater productivity and significant cost reduction
  • improving customer service levels
  • successfully handling market changes

Since all these can be achieved with FusionWMS, we recommend it to any supply chain provider looking for unparalleled flexibility at the best possible price.

 





Cloud ERP software

Acumatica Cloud ERP: Real Time Warehouse Management

About 90 percent of C-level executive decision makers see cloud computing as key to business success – an unsurprising fact considering that cloud ERP solutions have already helped thousands of enterprises efficiently manage different business areas and boost profit.

Cloud ERP

What about warehouse management? Will your warehouse thrive in the cloud? Is cloud-based software the best alternative for your organization? To efficiently manage warehouse operations, maintaining information flow is of the utmost importance. Even short delays in delivering real-time information can have serious consequences, such as stock outages resulting in lost sales and warehouse congestion jeopardizing in-bound and out-bound activities.

Unfortunately, one of the biggest disadvantages of cloud computing is delay in communication due to slow remote servers and disruptions in links. Since this can literally cripple your entire activity, having a cloud-based software solution capable to manage the issues known to cause communication delays while executing many other tasks is critical when handling dynamic, fast-paced operations.

The Solution

Acumatica, an industry leader in manufacturing and warehouse control software, proposes an intelligent cloud ERP solution that eliminates information lag time typically occurring in cloud computing. Not only this system downloads information from remote locations, it also maintains it locally. Essentially, this means that Acumatica can process data quickly, in real time and maintain warehouse operations even when remote servers experience communication delays or disruptions.

Combining a full spectrum of capabilities, Acumatica delivers an adaptable, highly configurable cloud-based ERP system that you can use to manage:

  • Multiple warehouses. For each warehouse, Acumatica allows you to select several employees who can perform inventory transactions and access warehouse information. Additionally, this cloud ERP system can be used to track products and pallets; customize grids with filtering and sorting; perform inventory and cycle counts; and draft reports of profitability by business unit, location, product line and warehouse.
  • Inventory. The inventory management module included in Acumatica gives your real-time access to inventory in stock, in transit, on sales orders, on back orders, on purchase orders, and even to damaged and expired inventory, while calculating the inventory needed to complete certain work orders. Integrated with order, purchasing and financial management features, this module can also be used to check warehouse space, lots, expiration dates, inventory sub-items, and negative inventory; analyze location-specific inventory allocations, quantities and costs; track inventory by lot or serial numbers; set item-specific valuation methods to develop and view reports by quantity and costs; obtain detailed cost allocation data based on inventory-related transactions; and create multiple accounts for different groups of items so that you can keep a detailed record of your inventory.
  • Purchasing. This cloud ERP system also contains a purchasing module that can be fine-tuned to automate different processes commonly used to acquire materials, require vendor quotes, issue purchase orders, receive orders and create vouchers. A series of analytics tools and ordering algorithms included in this module can help improve procurement process efficiency.
  • Orders. With Acumatica, you’ll be able to optimize not only the way you enter work orders, but also the way you fulfill them. You can split jobs among different subsidiaries, allocate inventories according to the tasks that must be completed, accept returns, and set up notifications and alerts to improve the entire operation.
  • Requisition. Streamlining the complex distribution process involving multiple products, suppliers, warehouses and shipping routes has never been easier. Acumatica makes available a series of requisition management tools appropriate for obtaining bids, gathering requests, creating and approving quotes, and managing purchases and orders in the most efficient way.

Acumatica is one of the few cloud ERP solutions that provide a single point of control to direct and manage equipment and personnel along any physical activities within manufacturing and warehousing facilities in real-time, enabling your organization to quickly adapt to last-minute changes. Real-time verification capability also enhances order accuracy, leading to fewer errors, improved throughput, on-time delivery and lower operating cost. All these mean more revenue and profit for your organization.

Additionally, Acumatica can be customized and configured to optimize a series of business operations, ranging from manufacturing to picking, packing and shipping. Whether your organization grows or shrinks, this agile software solution can easily adapt to changing business environments, improving performance and optimizing operations to improve financial performance.

 






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