The Functions and Benefits of Modern Warehouse Software

Managing a warehouse is a complex and challenging task that requires intensive manual labour and time, but warehouse software can now simplify the process. Whether you are a large wholesaler or distribution centre or merely operate a stockroom in a small retail business, keeping track of your stock movements is a fundamental requirement that, if neglected or handled inefficiently, can severely impact your success. The following are the primary reasons why accurate stock control is vital:

• Minimise overstocking and stockouts: Too often, ordering is more an intuitive process than a strategic one, and without an efficient control system, frequent mistakes are inevitable. Although it might seem like a good idea to order overly large quantities of a popular item, overstocking ties up capital that might be better invested elsewhere.
  On the other hand, allowing items to run out often leads to disappointed and annoyed customers. Warehouse management software helps maintain ideal stock levels, reduce storage costs, and maximise profitability.
• Increase efficiency: One can optimise stock levels and reduce costs by identifying slow-moving or obsolete items. Liquidating the latter can free up space and reduce financial losses. Furthermore, the warehouse software will continuously monitor and compare existing stock levels with preset threshold values. Once the threshold is reached, the system automatically initiates the re-order process, eliminating the need for backorders.
• Improve customer satisfaction and retention: Few things frustrate customers more than placing an urgent order with a supplier only to be told one or more of the ordered items are out of stock. Nevertheless, attempting to optimise stock levels is almost impossible.
  Automating the supply chain process can restore customer confidence and put an end to embarrassing complaints and valuable orders lost to a more efficient competitor.
• Streamline operations: Efficient stock control has widespread benefits, including the lean option to operate a warehouse on a just-in-time (JIT) basis. JIT inventory management reduces storage space requirements and carrying costs and frees up essential resources by delivering stock only when needed.

Warehouse Software Functionality

The main drawbacks of manual warehouse management are that it is slow and subject to frequent human errors. The FenyaWMS warehouse software supports barcode scanning, eliminating the arduous task of reading and recording lengthy stock numbers, minimising the risk of mistakes and saving time.

The benefits described earlier derive mainly from the system’s ability to monitor, calculate and record stock levels continuously, but it also offers many other options. FenyaWMS is a modular system that enables a business to select those that best meet its operational requirements and budget. The following are just three of the 18 available modules:

• Stocktake: This module is a must for large warehouses with thousands of SKUs. The combination of barcode scanning, wireless data transmission and support for multiple users can complete a stocktake in a mere fraction of the time required with the conventional approach.
• Multi-warehousing: Adding this module enables the warehouse software to store, process and retrieve sales and inventory data across multiple locations.
• Sales on the go: Sales personnel can upload their orders directly to the system with this module

In addition, the software can be integrated with popular Sage ERPs like Sage 300. Contact FenyaSoft for more information about how we can help you streamline your warehouse operation.

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