Warehouse Management systems (or WMS) allows the warehouse owners in managing the warehouse with controls and reporting layers for security, real-time inventory management, temperature control besides other general management consoles to ensure the warehouses are safe, secure, clean and healthy all the time.
Any WMS solution has major components as outlined below
- Warehouse Management
- Store level integration
- Climate control
- Compliance for food or agricultural commodities
- Central and regional distribution centres
Why a WMS is required:
- Losses due to in-accurate reporting and unavailability of data on inventory and shelf life of the stored product.
- Time & material management becomes complex once the inventory management system is not present or is not functional.
- High operational cost in account of non-reconciled stock or non-available actual stock status
- Productivity& customer satisfaction enhancement
How RFID enables a warehouse
- Most accurate in recording the inventory data (which can be further integrated with the ERP module the organization is running) through RFID tags
- Zero data entry errors
- Saving time in scanning and updating the inventory records once the product moves in or out of the warehouse, the data can be updated with the help of a RFID tag reader.
- Security and alerts for low inventory, security breaches or theft etc.
- Increases the productivity at each distribution front, reduces the time to ship and makes the data availability across regions or zones or warehouse the company operates in; that too on real-time.
|Present Challenges for Managers||Capabilities of RFID system||Business Productivity Improvements|