Top 4 Bottom-Line Benefits of a Warehouse Management System
A warehouse management system (WMS) can bring numerous benefits to businesses, including some significant impacts to the company’s bottom line. A recent article shared that more integrated forms of order processing through a WMS result in more than a 20% reduction in space use, a 30% more efficient use of stock, and over 25% more productivity.
“The advantages of using a WMS are clear,” said Russ Coppola, business development manager at ID Label. “There might be some hesitation with the upfront cost of a WMS, but once it’s in place, operations quickly see how it can improve the warehouse labor efficiency and operational costs to see the true overall savings.”
Here are the top 4 bottom-line benefits of a warehouse management system:
“ID Label helps customers identify the best labels and signs for their WMS. We tailor solutions to their specific needs, including color coding, variable data printing, materials and adhesives for their environment, and custom label sizes and shapes. “
– Russ Coppola
1. Improved Inventory Accuracy
A WMS can help track real-time warehouse inventory levels, reducing the risk of order errors, overstocking or out-of-stocks, leading to significant savings in inventory and management costs. Once a WMS has been identified as a good fit for an operation, proper label installation is critical.
“ID Label offers barcode labeling solutions that pair with today’s mobile scanning technology to help track items as they move throughout the warehouse, helping reduce manual data entry errors,” Coppola said. “In addition to custom labels and signs, our team can provide efficient, error-free label installation, which can protect the end user from costly reinstallations.”
2. Increased Labor Efficiency
By automating tasks like order picking and restocking, a WMS may streamline warehouse operations and increase order fulfillment accuracy and efficiency. Preprinted pallet and LPN labels are one way you can ensure workers spend their time productively, helping with additional savings in labor and training costs. ID Label also offers Clean Release™ removable, repositionable warehouse location labels. This line was designed with today’s smart warehouse in mind, where speed, efficiency and inventory location flexibility are top priorities.
3. Enhanced Customer Service
Implementing a WMS can provide several benefits that enhance the customer experience. For example, a WMS can help process orders more efficiently, helping reduce order processing times and ensuring that orders are delivered to customers on schedule. By using barcode scanning technology, a WMS can help ensure that the correct items are picked and shipped, reducing the risk of errors and minimizing the need for returns. Additionally, a WMS can provide real-time updates on order status, allowing you to communicate accurate and up-to-date information to customers, improving customer satisfaction.
4. Better Space Optimization
A WMS can help optimize warehouse product placement and improve the flow of materials, reducing the time items spend in the warehouse and freeing up space for other inventory. Additionally, a WMS can help determine the quantity of each item to keep on hand, reducing the need for excess inventory storage space.
“Using a WMS to optimize warehouse layout and product placement can reduce the cost of renting or purchasing additional storage space and improve overall warehouse efficiency, resulting in cost savings for the company,” Coppola said.
Pair Your WMS with the Right Labels
To truly realize the most significant bottom-line benefits, a WMS needs to be paired with the right labeling solution. ID Label offers a range of durable labeling solutions for WMS that are designed to withstand harsh environmental conditions and remain legible for the label’s life. With various labelmaterials, including polyester, vinyl, and polypropylene, our labels are designed to withstand extreme temperatures, moisture, abrasion, and other harsh conditions.
ID Label helps customers identify the best labels and signs for their WMS. We tailor solutions to their specific needs, including color coding, variable data printing, materials and adhesives for their environment, and custom label sizes and shapes. This allows you to get the exact label for your specific application, ensuring maximum durability and longevity.
The ID Label Advantage
ID Label manufactures high-quality, extremely durable warehouse labels. Our materials have been tested and used in warehouse operations around the globe.
We also provide warehouse signage and turnkey nationwide installation services to provide a complete solution to our many clients who rely on us for all their warehousing needs.
Interested in learning more? Contact us today.