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How A WMS Maximizes The Revenue For eCommerce Businesses_

How a Warehouse Management System Maximizes the Revenue for eCommerce Businesses

April 25th, 2022 WMS
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Running an eCommerce store is quite different from running a brick-and-mortar store. Apart from the fact that customers cannot touch or feel the product before purchasing it, eCommerce businesses also have to worry about storage and inventory.

A warehouse management system (WMS) can help optimize the storage and retrieval of products, maximizing the revenue for eCommerce businesses.

So, what is a warehouse management system? How does WMS maximize the eCommerce revenue? Read reading to find out.

 

What is a Warehouse Management System?

A warehouse management system (WMS) is a software application that helps businesses manage their inventory. It assists with the receiving, stocking, picking, and shipping of orders.

eCommerce businesses can use a WMS to:

  • Receive orders from suppliers
  • Check the stock levels of products and place orders for new stock as needed
  • Pick and pack the products into boxes to fulfil orders
  • Ship orders to the customers

How Does A WMS Maximize eCommerce Revenue?

A well-functioning Warehouse Management System can help an eCommerce business save time and money. Find out how:

 

  1. Saving Time

A WMS can help an eCommerce business to receive and process orders quickly and accurately. It means that products can be stocked and shipped in the quickest time, leading to a higher customer satisfaction rate.

Example:

A customer orders a product that is out of stock. In such a case, a WMS can quickly place an order for the product from the supplier and notify the customer of the expected delivery date. The customer is more likely to wait for the product to be delivered rather than go to a competitor’s store.

 

  1. Reducing Costs

Businesses often underestimate the cost of inventory storage. With a WMS, businesses can make use of available space more efficiently. It can lead to lower storage costs and, ultimately, higher profits.

For example, an e-store using a WMS can:

  • Order products only as they are needed, which will reduce the amount of stock that needs to be stored
  • Efficiently store products in a warehouse, using space more efficiently
  • Use a barcode scanning system to pick and pack products, which will speed up the order fulfillment process.

 

  1. Improving Customer Service

With a WMS, businesses can provide accurate information to customers about the status of their orders. It can lead to happier customers who are more likely to shop from the brand again.

For example, a business can use a WMS to:

  • Notify customers when their orders are shipped
  • Keep track of the status of each order
  • Inform customers when a product is back-ordered or out of stock

 

  1. Optimized Supply Chain

A WMS can help businesses manage their inventory with minimum stockouts. It can lead to a more efficient and cost-effective supply chain, further increasing profits.

For example, a WMS helps the business in the following:

  • Easily track inventory levels and reorder products as needed
  • Analyze data to identify patterns and optimize the supply chain

 

  1. Internal Automation Benefit

A warehouse management system can automate specific tasks within the warehouse. It boosts efficiency and accuracy, as well as reduces labour costs.

For example, with a WMS, businesses can automate the process of:

  • Receiving products from suppliers
  • Picking products for orders
  • Packing and shipping of orders

 

  1. Traceable Materials

 A good WMS will keep track of materials moving through the warehouse. This information can improve processes and prevent errors in the future.

For example, a WMS can help an eCommerce business keep track of the following:

  • Location of stored products
  • In stock products
  • Products that have been ordered but not yet received
  • Expired or out-of-stock products

 

  1. Ongoing Improvement

A warehouse management system is not a static solution. As business needs change, the WMS can be adapted to meet those needs. It brings continuous improvement in the efficiency of a warehouse and, ultimately leads to higher profits.

For example, an eCommerce business can use a WMS to:

  • Improve the accuracy of inventory counts
  • Reduce the time it takes to fulfil orders
  • Streamline the receiving and shipping process

Conclusion

A warehouse management system can be a precious tool for eCommerce businesses. It can save time and cost while also improving customer service. If you’re looking for a way to maximize your eCommerce revenue, an advanced WMS might be the answer.

Reasons to Outsource Warehouse Operations for eCommerce Businesses_

Major Reasons to Outsource Warehouse Operations for Your eCommerce Business

April 21st, 2022 WMS
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The eCommerce industry has taken the world by storm in recent years. The ease and convenience of shopping the products online have made it a popular choice for consumers, and businesses have been quick to take advantage of this trend.

 

However, running an eCommerce business is not as simple as setting up a website and adding products. There are many logistical considerations that an e-store owner should take into account, such as warehouse management.

 

Yes, you could try to do everything yourself, but this is not advisable. First, it would be tough to handle all the logistics by yourself. Second, you would be competing with some of the world’s most prominent and most well-funded businesses.

 

So, what does a warehouse actually mean in the eCommerce world? How does it benefit this industry? Find out below.

 

What is Warehouse Management?

Warehouse management is organizing and controlling the activities in a warehouse. It includes receiving, storing, and shipping products.

 

Example

Suppose you own an online clothing store. When an order comes in, you will need to take the products out of the warehouse and ship them to the customer.

 

This process needs to be done efficiently so the customers receive their orders on time and in good condition. With warehouse management, you can streamline this process to run smoothly.

 

There are many benefits of outsourcing warehouse management to a third-party company. Have a look.

 

  1. Improved Focus on Your Core Business

One of the most significant perks of outsourcing your warehouse operations is that it allows you to focus on your core business. You no longer have to worry about managing a warehouse, shipping products, and dealing with customer orders.

 

It lets you focus on your best and leave the logistics to professionals. This can give a huge advantage to small businesses struggling to keep up with the competition.

 

  1. Lower Costs

Another significant benefit of outsourcing your warehouse management is that it can help you save money in the long run. When you outsource to a third-party company, they will be responsible for the staff, equipment, and other costs of running a warehouse.

 

This can help you save money, especially if your business is at a growing stage. Thus, it is a safe decision to outsource your warehouse management.

 

  1. Increased Efficiency

When you outsource your warehouse management, you can ensure that the work will be done more efficiently. This is because these specializing companies have ample experience managing warehouses and know how to streamline the entire fulfilment process.

 

The increased efficiency will lead to shorter shipping times and fewer errors. It can subsequently lead to happier customers and more sales for your business.

 

 

  1. Access to the Latest Technology

You will also access the latest technology when you outsource your warehouse management. These companies use state-of-the-art software and equipment to manage warehouses.

 

The latest technology can help you improve your efficiency and speed up the shipping process. It can give you a competitive edge over your rivals.

 

  1. Increased Scalability

Another benefit of outsourcing your warehouse operations is that it can scale your business efficiently. When you outsource to a third-party company, they will be able to handle any increase in orders that you may experience.

 

This can be a lifesaver for e-stores that are experiencing rapid growth. It can help you keep up with the demand and avoid shipping delays.

 

  1. Improved Customer Service

Outsourcing your warehouse management can also improve your customer service. When you outsource to a third-party company, they will be responsible for dealing with customer orders and queries.

 

This can give you time to concentrate on other aspects of your business. It can also lead to happier customers as they will deal with professional staff trained to handle the queries efficiently.

 

 

 

 

Conclusion

Warehouse management is essential for any business that wants to keep up with the competition. By outsourcing your warehouse operations to a third-party company, you can improve your focus on your core business, save money, and increase efficiency.

 

You will also have access to advance technology and be able to scale your business quickly. It can lead to improved customer service and satisfied customers.

So, get warehouse management services from the best third-party logistics provider and improve your business today.