According to Forrester Research, e-commerce SaaS spending will nearly double in the U.S. by 2019. Retailers, including those exclusively online, are shifting from traditional legacy solutions in their warehouses to nimble and scalable platforms that can help them make the running of warehouse operations smoother.
We often see clients get bogged down with a lengthy list of tech specifications in order to run their warehouse operations. Each piece of tech that you introduce into your warehouse eco-system should positively impact the bottom line of your business. Think about what each piece of tech can do for you and what the likely ROI is when implementing any new platform.
Synergise your tech with Warehouse Management System (WMS)
Having a WMS that integrates with your existing third party software means that you can bring all your technology under one manageable system that is cost effective, agile and can scale with your business aspirations, however big they may be.
Below are just some of the ways WMS can work alongside your existing tech:
Connect to your e-commerce platform
Ensuring the systems you have in place now - and ones that you might have in place in the future - integrate with your WMS is key. It enables real-time inventory updates, eliminates overselling, offers live despatch confirmations and tracking, and ultimately helps increase your bottom line.
Manage your sales channels
Managing inventory can be very time consuming, and even more so if you have to do it over several marketplaces. Having a WMS that can integrate with all your marketplaces can reduce the logistical challenges that this presents.
On demand printing of shipping labels so you can pack and despatch quickly is essential. Choosing a WMS that integrates with delivery management systems - or lets you write your own delivery management system integrations - will fulfil this requirement, allowing you to streamline your packing and shipping process.
Having up to date inventory data and being able to share that with every arm of your business is important. It means that you aren’t selling items that are out of stock and lets you know exactly what you have across your business and where. A WMS that integrates with these systems will make sure that you know exactly how much inventory you have or where you may need to replenish.
Some WMS integrate with Enterprise Resource Planning solutions, some of which have limited order functionality. By combining an ERP with a WMS you can automate the goods inbound process and check purchases against what has been received.
There is only so much accounting software can do when you start scaling your business beyond the magic 200-500 orders per day mark. By implementing a WMS, your accounting software can work alongside your WMS to reduce the volume of transactions you run through it.
For a wider view of things to consider before implementing a WMS, download our free e-book ’11 things to consider before you implement an e-commerce Warehouse Management System (WMS)’ here.