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Collect tips and tricks to scale your business from SmartTurn’s experts
Posted: November 29, 2019 by Ly Phan
For small to medium companies that operate warehouses, it can prove a challenge to manage with limited resources. Tight budgets mean there’s little room for error when it comes to investment, and choosing the right warehouse management software for a small business is essential. Using the right package will enable your business to process data quickly and efficiently coordinate inventory movement.
There are several potential benefits warehouse management software (WMS) can bring:
The right WMS package can prove invaluable to a business with one or multiple warehouses. The key is to select the option that matches your objectives.
The decision-making process in selecting the right WMS should consider a range of factors, both internal and external. The end goal is to have a system in place that serves the interests of your business, so it’s essential to take time and carry out the research:
The first step is to look close to home and analyze your own business. There are several factors to consider:
Bringing those factors together will give your team a solid basis to work out the needs of the business, and be able to shortlist potential WMS accordingly.
While it can be tempting to opt for simple inventory management software, it’s important to consider the capacity for growth. As a small business, having the right infrastructure in place for increasing demand can put you ahead of your competitors. The trick is to pick a customizable solution that can provide flexibility for business growth.
For example, the capability to work with barcode scanning technology allows businesses to scale up production. Instead of workers continually having to communicate and undertake time-consuming checks on inventory, they can use mobile devices to simply zap the barcode and have the relevant details within seconds. This kind of efficiency means companies can secure growth with the same level of workers.
All warehouses need to retain effective inventory control, where workers can track all products from the moment of entry to the moment they are shipped. Therefore, any solution needs to be open for integration with other software and systems. The ease of data and information transfer is essential to ensure accuracy and speed.
For instance, uploading any information onto the WMS should then automatically feed through to other systems, such as accounting or ERP. This would help improve the efficiency of order fulfillment, where the data only needs to be inputted once by the receiving and putaway teams, directly leading to an improvement of inventory accuracy.
In selecting the best inventory control software for a small business, there are several factors to consider. Much of the focus needs to be on your business and matching with the right solution. Resources, product type, and size of the workforce all influence the decision-making process. Once you have completed the self-evaluation, the next step is to find a reputable provider that can serve your objectives.
In addition, it’s critical to think about the future as well as the present in selecting the WMS. Working with a provider like SmartTurn, you can use a cloud-based solution that can be altered over time. You can start with a basic package that can grow with your business, adding components when you need them. Such an approach can turn your WMS into an asset that fuels productivity and profitability.
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