SaaS Technology Archives – unicommerce.com #1 Cloud based E-commerce Software Solutions to manage Order, Inventory, Warehouse Fri, 23 Feb 2024 05:39:13 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.2 https://infowordpress.s3.ap-south-1.amazonaws.com/wp-content/uploads/2021/08/03105610/favicon.png SaaS Technology Archives – unicommerce.com 32 32 10 Tips to Implement a Warehouse Management System for your E-commerce Business https://unicommerce.com/blog/warehouse-management-system-implementation-tips/ https://unicommerce.com/blog/warehouse-management-system-implementation-tips/#respond Mon, 27 Nov 2023 06:17:26 +0000 https://unicommerce.com/?p=268234 The post 10 Tips to Implement a Warehouse Management System for your E-commerce Business appeared first on unicommerce.com.

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As e-commerce continues to dominate as one of the fastest-growing business industries today, many companies are trying to catch up. Running businesses online might seem relatively simple, but fulfilling these orders can be a big headache. Accordingly, there has been a rising demand for warehouse management system implementation.

What Does a Warehouse Management System Do?

A warehouse management system (WMS) offers visibility over inventory and supply chain fulfillment operations. This way, companies can apply certain functions that will make the transition from distribution center to shelf a whole lot smoother and more effective. Some key features of warehouse management include:
• Inventory management — Store, track, and update inventory data, such as stocks, expiration dates, delivery notes, and so on.
• Barcoding system — To make it easier to determine data points on batch orders
• Order management system — To take care of bulk B2B orders
• Shelf management — To store and segregate orders within a warehouse

The warehouse management system market is growing, and e-commerce businesses that haven’t implemented a warehouse management system should undoubtedly start putting up such a system if they haven’t done so yet.

Warehouse Management System Implementation Tips for Your E-commerce Business –

#1 Create an adhoc setup team
#2 Create an audit of your current systems
#3 Decide which features to prioritize
#5 Build a rollout plan
#6 Build in a budget for gradual implementation
#7 Provide training
#8 Implement a grace period
#9 Don’t forget to close up the project
#10 Set up regular evaluations

If you’re looking to implement a Warehouse Management System (WMS) in your warehouse or operation, then here are a few tips to help you through that process.

1. Create an adhoc setup team
Implementing this change will be an ad hoc project that will require someone’s headspace and attention. That said, it’s best to have a team focus on the setup process so that everyone in your current organization can still keep things running. That way, the business doesn’t stop operations from making this major shift.
• Project manager — To run point on the whole process
• Technical manager — To help implement any technical setup of software and other digital systems
• Training manager — To take charge of vision casting the changes and training staff on usage
• Database administrator — To handle any audits and data collection for the transition

You can either hire a consultant to help with the setup process or build an internal committee and give them free rein to focus on this implementation project.

2. Create an audit of your current systems
Many of today’s inventory management challenges deal with contextualizing a warehouse management system setup with your current workflow. So before setting up anything, it’s crucial to perform an audit first of your current systems. That includes manual systems and digital ones if you already have any software being used in your operation.

In some cases, a company might have ERP software or CRM software already set up. Find out how these systems might conflict or integrate with the inventory management system or warehouse management processes you would like to implement.

3. Decide which features to prioritize
Not all essential features of warehouse management software will be a priority for your organization. You might only need two or three to begin with, or your company could need more. It all really depends on your current setup and how much of your business you need to start automating with warehouse management software.

Also, determining what types of features you’ll prioritize will help you decide which types of warehouse management systems to implement. Not all WMS providers are built the same. Some are better equipped in a certain area than others. Still, that would depend on your specific needs. So start by determining which features you’ll need in a system and choose the software solution that effectively provides a solution in those areas.

4. Start implementing automation
Many of the key features of warehouse management software are automation-centric, meaning they take a task once manually done by staff and lets a system do it. Here are some of the automated tasks you can start implementing with your warehouse management system:
• Data analysis
• Monitoring and alerts for when stocks hit a critical mass
• Order processing
• Picking and packing activities
• Autonomous driving and stacking

This automation roll-out will also affect your manpower, so it should be in your company and team members’ best interests to determine what people affected by these automation systems will end up doing.

5. Build a rollout plan
Once all the assessment has been done, it’s time to build out a plan for roll-out. Do your absolute best to roll out changes in phases instead of implementing everything in one go. You can start by changing the inventory management processes first before digitizing your order management systems. As a best practice, it should be best to implement internal systems first before implementing anything client-facing.

6. Build a budget for gradual implementation
The WMS implementation process will cost money for sure. You’ll have to pay for digital software, manpower, and training. So factor in those costs. Try not to squeeze in everything for the sake of cost-saving. Those costs will be justified over time as automation and technology are predicted to help lower costs.

7. Provide training
When you implement a WMS, the most crucial part isn’t the setup, but the follow-through across the organizational chart. Installing a warehouse management system will mean nothing if people don’t use it. So the other essential part of this whole process is to provide your staff with adequate training to use the system.

Consider hiring someone who has proven experience in certain warehouse management systems to give the training. Much like the rest of the process, giving this training in groups can help ensure quality and follow-through. Implement an on-demand training system and set up the best learning management systems that fit you where current staff can get refresher training when they need it. Training with the help of an LMS will also come in handy when you’re onboarding new hires who might use the new software. You just need to integrate your LMS with your other tools.

8. Implement a grace period
While it’s in the company’s best interests to roll out the system flawlessly, that rarely happens. There will be a few hiccups here and there and it’s always good to be ready for that. So provide your team with a grace period as all systems will require a learning curve. Always leave margins where possible, especially in terms of delivery schedules and operations backlogs. Once the system becomes clockwork, the team will catch up in time.

9. Don’t forget to close up the project
When running a warehouse management system project, one crucial part that people tend to skip is the project closure. This involves evaluating the whole process and celebrating the win with your staff. If you’re hiring a consultant to help with the setup process, set up a few follow-up meetings to determine areas where you can improve and other possible improvements you can have on the system later on.

10. Set up regular evaluations
Running a warehouse management system is going to be a long-term cadence. So try to take the time to regularly evaluate your system. Be on the lookout for software upgrades and feature roll-outs that could significantly improve your operations. Most systems will have a maximum number of users or SKUs per payment plan, so it might be good to stay ready to upgrade your plan or system as needed.

Future-proof your business with WMS

There’s no questioning that setting up a e-commerce warehouse management system will take time and effort. It will also be a collective effort across the board. So ensure that you have buy-in from the team, especially among stakeholders and supervisors. If everyone stays committed to this change, there will be progress. And this should be a priority given that automation will continue to shape the landscape of business as we know it. Getting left behind could mean serious downsides for the business as a whole.

Related read –

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7 Ways SaaS is reshaping Supply Chain Management (SCM) https://unicommerce.com/blog/top-trends-how-saas-is-reshaping-supply-chain-management/ https://unicommerce.com/blog/top-trends-how-saas-is-reshaping-supply-chain-management/#respond Mon, 10 Apr 2023 11:29:43 +0000 https://unicommerce.com/?p=264492 As per research by Research and Markets, the global SaaS-based Supply Chain Management market reached a value of US$ 6.04 billion last year. The findings document that the market is expected to reach US$ 14.49 Billion by 2027, highlighting a CAGR of 16% during 2022-2027. But why is the Supply Chain industry moving toward the […]

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As per research by Research and Markets, the global SaaS-based Supply Chain Management market reached a value of US$ 6.04 billion last year. The findings document that the market is expected to reach US$ 14.49 Billion by 2027, highlighting a CAGR of 16% during 2022-2027. But why is the Supply Chain industry moving toward the adoption of SaaS increasingly? 

Criticality of SaaS in Supply Chain Management (SCM)

Before this, let’s first understand what a Software-as-a-Service (SaaS)-based supply chain management (SCM) is? SaaS-based SCM denotes an application that is used for cloud-based data management of multiple operational processes occurring throughout the supply chain. While the application guarantees enhanced order and inventory productivity and eliminate redundant processes, it also works as a system that automates the configurations of operational workflows based on the requirements. 

Now the question is, what are the reasons for driving this rapid growth? 

After the advancement of technology, everyone is seeking systems built on digitalization and automation principles. Thus, increasing digitalization is one of the reasons for the need for automated and AI-based techniques. Also, multiple innovations, including integration with the Internet of things (IoT), are acting as growth-inspiring factors. 

Moreover, affording the newest technology is a costly affair, thus only enterprise-level businesses could afford it. However, SaaS-based technology solutions have made it feasible for all sizes of businesses to afford it by giving next-generation technology solutions at an affordable cost.

Importance of SaaS Platforms in Supply Chain Management for Retail Businesses

7 trends shaping the future of supply chain management

1. Innovative tech-driven approach

There are multiple tech solutions around the globe, offering AI-based software for you to access everything from anywhere instantly, from handling returns to accessing inventory snapshots to reviewing monthly order volume and more. 

With such innovations, one can give power to their employees (Warehouse Manager, Sales Manager, Returns Manager, Picker, and Packer) to perform and manage all business activities effortlessly from anywhere to drive higher productivity, efficiency, and collaboration. 

Another advantage is that you can access your entire backend through a portable device (mobile phone) from anywhere, minimizing disruptions in your absence.

2. Seamless and powerful integrations

The e-commerce integration software enables businesses to connect with other business systems, simplifying their business processes. From accounting to marketplace management to shipping and order fulfillment, there are different types of integrations that you can leverage. 

With an efficient integrated system, you can boost productivity and scale to higher profits. Additionally, e-commerce integrations empower your brand to manage customers across multiple sales channels. With superior integrations support, not only does your chore of fulfilling orders on time get solved, but with ERP and POS systems, you can easily make the most of industrial use-cases and scenarios. Not to mention how same-day deliveries have become paramount in today’s age of digital era. With integrations in place, you can collaborate with shipping aggregators and allocate delivery as per the nature and type of your product. Additionally, online marketplace integrations allow you to organize your listings on marketplace famous in your region. You can efficiently manage your day-to-day activities, such as uploading new product details, downloading pending orders, printing invoices, generating labels, printing dispatch manifests, tracking orders and shipments, checking and updating inventory stock, etc.

3. Minimized operational discrepancies with complete automation

With the operations being automated and inventory flow being organized accordingly, you can reduce any errors that can come from processes. The question is, how? Imagine that you had to manually record your inventory inflow and outflow using a spreadsheet earlier. But due to the automation, your inventory count gets automatically updated through a cloud-based system. Would that not be easier for you to manage everything? This will not only reduce the chances of data duplications or any errors, but it will also give you a solid support system.

4. 360-Degree visibility of data due to centralization

SaaS has been enabling businesses to make the most of analytics to make a result-oriented decision, which is only possible if a regular performance analysis is done. 

For example: With SaaS solutions providing complete visibility over the operations, you get notifications and alerts regarding where the order has reached and how much time it will take to reach your customers in real-time. Moreover, you can determine the highest-selling channel, highest-selling product, lowest-selling product, and more with extensive reports. 

Additionally, actionable insights can be leveraged to enhance the overall performance of your warehouse/warehouses.

5. Cost-effectiveness with simplified processes

After deploying a particular technology in your warehouse, you will be able to define the workflows at each stage of a product. Moreover, virtual warehouse technology can give you the blueprint of your warehouse, due to which you can organize the overall layout, and optimize the space. 

Talking about the robust features that some WMS providers offer, such as shelf management, batch management, and cycle count, can also minimize stock degradation while managing each SKU aggressively.

6. Reduce time by unifying the processes

With a unified interface, you get the chance to process the orders in bulk and ensure fast order dispatches with limited stock-picking time in the warehouse. The question is, how? When you have a centralized view of your order and inventory, you know what process to follow next. 

This induces the ability to save time, but it also boosts the overall productivity of your operations.

7. Post-purchase experience

The post-purchase experience is as essential as the pre-purchase experience as it plays a crucial role in building a sustainable business. There are several post-purchase factors, such as the convenience of tracking orders, on-time delivery, and ease of customer service. They play a pivotal role in persuading customers while increasing their retention rate. 

Additionally, the post-purchase journey begins with locating inventory and processing the order seamlessly. While selling on multiple online platforms, it becomes challenging to ensure optimum inventory utilization and faster processing. So what to do in that case? A well-defined warehouse management system specializing in multichannel order and inventory management can immensely benefit e-commerce and retail businesses. It lowers labor costs, enhances inventory accuracy, and improves operational flexibility while upgrading customer services and accessing real-time data.

A full-stack supply chain management system can empower businesses like yours to maximize productivity and alleviate error. As per Unicommerce’s in-house data and reports, brands have witnessed an SOI surge of 888% and GMV growth of 313%. While the average time to ship orders has reduced by 14%, customer-initiated returns have decreased from 5.2% to 3.1%. 

post-purchase experience of customers

Check out how the leading brands, including Chumbak and Mamaearth, Marico, PlumGoodness, TCNS, and many more, reached success after deploying a SaaS-based Supply Chain Management.

Related read:

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