Best Practice for Warehouse Management Systems to Boost Sales!
In the gigantic world of eCommerce, warehouse management generally refers to the process of conserving products respectively for selling online. On a larger picture, this process involves continuously running the day-to-day activity of a warehouse, such as receiving and organizing the warehouse space, managing inventory, order fulfillment, keeping the products secure, and maintaining a healthy relationship with the shipping partners. All these aspects of warehouse management increase productivity and provide a dynamic customer experience.
A robust warehouse management system helps you avoid the situation of overstocking and being out of stock. This process is not visible to customers, but they do play an essential role behind the scenes in assuring on-time delivery. However, you can not manage this process single-handedly; you need to take the help of warehouse management software for eCommerce. There are so many elements involved in this process that it gets converted into a complex task. That's why most eCommerce sellers are moving toward using warehouse management system software for hassle-free warehouse management. In this particular blog, we are going to let you know about the various types and benefits of warehousing.
Types of eCommerce Warehousing
The wholesalers, distributors, and retailers ordinarily own the private warehouses. Amazon, Flipkart, and Myntra particularly have their warehouses. Sellers who want to sell on these platforms can use these warehouses to store their goods. However, it may cost them a little more but can help them develop a strong presence in the market.
Fulfillment centers are also counted as distribution centers. These are built according to the specific requirements of storage space. These warehouses could be temporary as the products get rapidly shifted through the supply chain. These centers receive a gigantic inventory list and then distribute it to resellers and retailers within a few days. These days Amazon provides fulfillment centers and operates order processing for sellers.
In the techno-friendly world, smart warehouses are needed for this hour. This warehouse type is AI-based and automatically handles storage, inventory management, and order fulfillment. These warehouses include robots, drones, and software to pick, pack and ship the orders. Robots and drones help in weighing, transporting, and storing items. Some of the big eCommerce websites, such as Amazon and Alibaba, use smart warehouses to boost order fulfillment.
These are the three major types of warehouses; apart from them, there are a few more types: government, cooperative, bonded, and consolidated warehouses. Now let's find out how to use the eCommerce management system and what are the best practices to perform.
Best Practices for eCommerce Warehouse Management System
It doesn't matter which type of eCommerce warehouse you choose to store your products, but there are some of the best practices you must keep in mind to operate the whole process flawlessly. Poor warehouse management may waste your money and lead to delayed order processing. However, using warehouse management software for eCommerce can enhance the customer experience and eventually boost your revenue. For an effective warehouse management strategy, you must implement the following tips:
Using the Warehouse Management software
In this modern era, speed matters a lot in every business. The competition is on the next level here if we talk about the eCommerce industry. You need to automate the warehouse management system to smash down your competitors. An automated warehouse management software can help you provide real-time insight into product availability and inventory levels. It helps you in managing the whole supply chain of eCommerce. Apart from that, it can also help forecast the inventory and streamline the order fulfillment.
Integrate your Online Business
These days, sellers have the vantage to integrate their online business with innovative eCommerce software. It allows you to streamline your overall operations. Using this software, you can automate many tasks, such as sending order updates and shipment notifications to your customers. Apart from that, you will be able to get the notification of pick and pack, which automatically helps execute flawless warehouse management.
Use Multiple Warehouse Locations
You need to distribute your products to various warehouse locations across the country for a flawless online business. It can help you enhance delivery speed and improve the customer experience as they get their orders as fast as possible. However, this tactic can also help you cut down the unnecessary shipping charges.
Balance Your Inventory
Balancing your inventory is one of the complex tasks to perform in an eCommerce business, but it is also vital. It is difficult to know how much inventory you will require to fulfill the customer demand if you don't have any historical data. You will never want to overstock the inventory and later be unable to sell them. It will give you a solid financial jolt because you have to pay for the product cost and have to pay for the storage space. On the other hand, you don't want to have a small amount of inventory because that may put you out of a stock situation. If it happens too frequently, you lose your customer base. So, to escape this situation, you can use warehouse management software. It will help you balance the inventory and save you from both unwanted situations.
Several Benefits of Warehouse Management Software
You may not realize the importance of warehouse management software in the beginning. Still, once your business comes into full swing, you will automatically experience the need for an automated system. Here are a few benefits of warehouse management software.
Faster Product Delivery
The warehouse management software automates the whole process and thus helps you in faster order delivery. It can help you pick the orders in batches rather one time and ship them from the nearest distribution center. In this way, you can save a lot of money on shipping. It helps you enhance a better customer experience and improves your credibility in the market.
Saves a lot of time
Packing up every order by yourself and shipping them can be time-consuming. The eCommerce warehouse management system can eliminate this situation of sorting the products in your storehouse or garage and also takes care of other steps to take. You need to ship the inventory to warehouses and leave the rest to them.
Keep Track of Every Order
The warehouse management software can help you keep track of your every order. As soon as the order gets shipped, it will notify you, and you can track them till they reach their destination. You and your customers will also get notified that their product has been dispatched. It keeps a record of every order and helps you in increasing your brand value.
Apart from that, warehouse management software is designed in such a way that it can rapidly increase your business growth and add more profits to your pocket. The eVanik OWS software works as warehouse management software and helps you minimize the several errors related to warehousing. That is why it is crucial to get along with an advanced warehouse management system.