Considerable Elements of Multiple Warehouse Management System!
The eCommerce industry is evolving immensely, but some aspects of this business have not yet changed, and one of them is inventory. As a modern-era seller, you may find it challenging to manage the inventory, but sellers have been dealing with this since the origin of this enormous business. If we talk about the global eCommerce sales, it was around 4.9 trillion USD and is expected to reach 6.6 trillion by 2024. From groceries to medicines, everything is sold online today. Customers are also learning t buy various products online; they expect variety, good products, and quality service.
The market demand is growing exponentially, and that is why you need to establish new marketing and sales channels. Competition is exceptionally high, and you can’t afford to lose a single customer. To let your business survive in this competitive world, you need to make a robust presence in the eCommerce market. To initiate that successfully you need to set up multiple warehouses. It can accelerate the order processing and help you in generating more profits. This blog has mentioned some of the considerable elements that you need to keep in mind while selecting a multiple warehouse management system.
Substantial Factors of Multiple Warehouse Management System
If you are going to opt for multiple warehouse management, you will undeniably require a warehouse management system that helps you automate the several essential aspects of WMS. However, before selecting one for you, it is vital to consider some of the compelling factors about this system.
Centralization of WMS
Centralization is one of the most important factors of multiple warehouse management. It effectively automates the inventory flow across various warehouses and enables you to manage the orders of multiple eCommerce channels with superb efficiency. That is why a multi-warehouse management system should have the exceptional feature of centralization that can manage your inventory in a well-organized manner. It can save you from excessive and out-of-stock situations. The centralized control can allow you to route your stocks from overstocked to stock-out locations. It ensures minimum delays in orders and cancellations because of the tremendous operational efficiency.
To keep yourself updated on all the happenings of the warehouse network, you need real-time updates. Specifically, you need this update to manage your inventories across multiple warehouses. It will help if you keep a vulture eye on which product categories are in stock and what are not. This practice is required essentially during the festival season. Real-time updates can enable you to generate customizable reports to analyze the status of your inventory stocked at various warehouse locations. A multi-warehouse management system can help you to achieve this quickly. Multichannel order management software such as eVanik can let you manage the inventories across multiple warehouses. It effectively works as a multiple warehouse management system.
Shipping and logistics are part of your eCommerce business that requires a substantial operational cost. Multiple warehouse management can work effectively if your system integrates with the shipping part. In the process of doing so, you can take advantage of their existing logistic network and shipping efficiencies without over-extending your resources.
Moreover, strategic integration between warehouse and shipping sources can rapidly accelerate your order fulfillment process and reduce information duplication within the system.
Liability of Quality Control
The products you stocked up in the multiple warehouses are prone to damage, theft, and desuetude. In any circumstances, if you deliver such products to your customers, they would be forced to return the product and can even leave a negative review for you. To escape such a situation, you need to thoroughly check the quality control level of the warehouses whether they maintain the health of your inventories or not. With advanced barcode-based inventory management, this can be implemented easily in multiple warehouses and too on a minimum additional cost. In this way, you can efficiently save a lot on returns and make your customers happy and delightful.
Returns & Refund Management
Products returns and refunds are an imminent part of the eCommerce business. If it gets avoided can drastically reduce sales and impact the overall performance of your online business. To resolve this significant problem, you need a supportive hand. eCommerce order management software such as eVanik can work as a multi-warehouse inventory management system and provide a return reconciliation facility. An ideal WMS must have a systematic log facility to manage every return and refund the customers accordingly. Throughout this process, you can also be able to receive the customers’ shipping behavior insights that can help you in eradicating the returns in the future.
Apart from these crucial factors here, we have mentioned several quick points that can easily make you understand what you should consider while choosing a multiple warehouse management system.
- It should provide real-time insight into your inventory and product availability.
Should be able to manage and monitor the eCommerce order fulfillment process, from the manufacturers to the distribution center.
- It should be able to forecast the inventory and send alert notifications in case of Oos(Out-of-stock).
- It should have streamlined the eCommerce fulfillment process and made your eCommerce operations more effective and effortless.
- WMS must have the integration ability with your internal system.
Based on these practical elements, you can choose any multiple warehouse management software. Warehouse management software must have the above facility because these are essential for the success of your online business.
In the end, it has been clear that you should excellently manage your multiple warehouse network by considering the above factors before selecting any multiple warehouse inventory management software. Via intelligent automation, notification, and integration, you can use such software to scale up your eCommerce business as well as consistently satisfy your customers. If your goal is business expansion, you must go ahead with the multiple warehouse management system. It can help you appropriately manage the overall business but also helps you in increasing your customer base. All these factors ultimately will help you in generating significant revenue. eCommerce order management software such as eVanik can skillfully provide you the multiple warehouse management facility. It can let your business grow in many terms and automates almost every aspect of your online business.