Businesses that engage in purchases and supplies always have one thing in common: a complete supply chain that must involve a warehouse. However, the traditional warehouse might be a big hassle for businesses that aim at integrating flawless techniques to manage their records. The traditional way of keeping records on spreadsheets is ideal for businesses that are engaged in delivering thousands of products across various locations in the world. Regardless of the type of business you run, you have to know about the Warehouse Management Systems that have changed the traditional paper-based warehouse procedures to digital techniques. In this article, we are going to break down the fundamentals of the Warehouse Management System (WMS).
Who Is NetSuite?
NetSuite is a global business that engages in the development of cloud-based software designed for business management. The NetSuite Cloud software is used by approximately 30 thousand rapidly growing companies and organizations in the world.
Core Aspects of NetSuite
NetSuite is a trusted provider for ERP systems because it offers the best core aspects as follows:
- It integrates natively
- The view of your business is unified
- It is fully cloud-based
- It is flexible
- Has deep reporting capabilities
How NetSuite Can Help Your Business
NetSuite is the most preferred, intelligent, and integrated ERP solution used to implement business applications seamlessly and is less expensive than competing solutions. Although the benefits of having NetSuite ERP in your business are endless, here are some of the major benefits you should know:
- Increases efficiency in an organization or a business
- Makes the organizations’ processes visible
- Catalyzes business’ growth
- User-driven business solution
- Extended NetSuite can be customized to Suite Flex
NetSuite Warehouse Management System (WMS) Working Principle
WMS operates based on the three principles that make work swift, seamless and error-free. The three principles are as follows:
- Pick and pack
- Handheld and scanning of barcode
- Integrating with the shipping system to various locations
The process must always be very efficient and done properly in order to minimize the cost of handling. NetSuite also provides proper details about WMS that give information on the most important processes such as storing and receiving an item that is set to be picked and shipped to the destination attached or provided.
WMS is one of the ideal ways to deliver products to customers and make them satisfied. Also, the products that are left in the warehouse for dispatch are well managed and updated in the system because details like transactions are automatically updated in the NetSuite inventory record and can be queried when needed.
Why Choose NetSuite WMS?
- Boosts labor productivity
- Enhances the fulfillment of accuracy and order rate
- Reduces item handling time
- Warehouse space utilization is optimized
- Can be managed through mobile applications hence operational efficiency is enhanced
- Offers real-time tracking items being shipped and any other processes
Warehouses are the most crucial part of a supply chain. A warehouse can be a storage facility with an inventory that merges data with respective items. Therefore, warehouse management needs to always operate in real-time because if it goes down, a company will not be able to fulfill the customers’ needs or orders.
What Type of Businesses Should Use NetSuite?
NetSuite is widely known for being the best cloud ERP due to its capability to provide solutions to businesses regardless of their size. It is perfect for the following industries:
- Digital Marketing
- Education
- Energy
- Storage
- Finance
- Food and Beverages
- Healthcare
- Cosmetics
- Technology
- Manufacturing
- Media
- Hospitality
- Consulting firms
- Clothing
- Retail and wholesale
- Professional services
What is WMS?
Warehouse Management System software solutions are designed to give broad visibility into business inventory, supply management and fulfillment operations. WMS is also a perfect solution for businesses that aim at minimizing and maximizing labor and optimizing the usage of resources. It is a solution that is specifically meant to help the entire global supply chain through efficient distribution and manufacturing. Here are the main benefits of using WMS for your business:
- The process of fulfillment is fast and effective
- With a low upfront cost, you can easily connect with logistics
- It makes the supply chain processes flexible and scalable
- Cloud-based WMS is not required when upgrading
Oracle NetSuite Warehouse Management System (WMS)
Oracle NetSuite WMS is undoubtedly the best warehouse used by many industries across the globe. It is an efficient and easy solution that uses mobile applications. With NetSuite WMS being cloud-based, it helps in improving the speed and saves on time with its unmatched capabilities to fulfill your customers’ requirements. As a Warehouse Management System, Oracle NetSuite offers a paradigm in the development of software that can revamp warehouse management to a more concise and convenient level.
Oracle NetSuite warehouse management system will also contribute to efficient management of the new supply chain and delivery of products. Currently, companies are heavily investing in WMS software to help in streamlining the order fulfillment processes and optimize their Return On Investment (ROI).
Why You Should Use NetSuite for Business Management
Oracle NetSuite is mainly based on primary goals: control over inventory management system and efficient financial operations. It is also an ideal management system for large businesses because it offers a broad range of solutions designed for various industries. As a result, these companies can provide custom and predefined solutions and several types of customized applications.
Besides, the features of Oracle NetSuite are scalable hence making it ideal for businesses that aim at regularly updating their businesses. Having the best software running operations in your company is an essential decision that many entrepreneurs should make.
How NetSuite Can Transform Warehouse Operations
- Inaccurate Techniques of Data Capturing
Data can only be termed as accurate if the information captured matches with the information recorded or stored. This includes capturing information such as serial number, delivery details, location, etc. Suppose you rely on paper for such pieces of information, then the process of checking details of a particular item becomes challenging since the records may include human errors. With NetSuite WMS, you will just need a primary key to access every piece of information about an item.
- Real-Time Data Visibility Is Unavailable
Most of the manual methods have been proven to lack real-time visibility for inventory purposes. Such cases lead to poor decisions and the organization can end up with simultaneous and multiple order inventories. It can even extend to having some of the customers’ orders unfulfilled. With the help of NetSuite WMS, you have tracking and regular updates on the status of the items in-store and those which are fulfilled.
- Improper Storage
Normally, one has to get extra space and manage that space to accommodate products at a warehouse. Therefore, it has become so necessary for businesses to enumerate products to their portfolio and prepare for a seasonal peak where demand for the products will be high. However, the peak frenzy may come during holidays or any other days based on the factors that influence demand. During such moments of business, keeping records can be difficult because updates need to be done every moment but with NetSuite, warehouse updates will be done swiftly and seamlessly..
Conclusion
Taking Your Business to the next step can only come to reality if you have the right expertise to deliver outstanding solutions. At Seibert Consulting Group, we specialize in delivering modern solutions to businesses that aim at taking full advantage of the eCommerce platform. We always customize our solutions to align with Your Business requirements and goals. Let’s start talking about your project and find out how we can help your business grow. Get in touch with us via our chatbot or email hello@seibertconsulting.com and via our direct line at 760-205-5440.
