Streamlining Warehousing: Procurement, Inventory & WMS Integration - hashmicroBLOG/hashmicro GitHub Wiki

Operating a warehouse also may turn into a giant challenge, but when it is done with the help of proper tools, it could turn out to be very smooth. In that place, there is procurement software, a warehouse management system (WMS), and an inventory management system. The three products are equal to the dream team that helps companies maintain things smoothly, organized, and effectively.

Let’s break it down in simple terms.

 

 

Suppose that you are a store owner and you have to order goods on a regular basis. Procurement software also acts as a smart assistant that assists you in buying items your company requires. It keeps track of everything about what you ordered, when it is expected, and the price, among many others. It can even find prices on the available suppliers. This saves time and stops you from buying an extra amount of goods or vice versa.

 

Rather than in Excel files or sticky notes, with the procurement software, all the ordering tasks will be done simply at one location. It will also prevent errors such as repeating an order (or not taking one at all).

After delivery of your goods, they land in your storehouse. A warehouse management system, or, to make it shorter, WMS, is a super-organized robot that will inform you where to put things and where to get them back at a later time. It will allow you to trace all the items in your warehouse, including when they enter your warehouse and when they leave. 

 

For example, when a customer makes a purchase of a product, the WMS will be able to tell your team precisely where this product will be located and aid in picking and packaging the product before it is available. It is all about speed and precision, and nothing is lost on the way.

So, it is time to discuss the inventory management system. This system monitors the quantity of items available. It informs you about shortages and when you have to order in. It also saves you oversupply, which translates to having such great quantities of things that simply occupy space.

 

The work of inventory is coupled with the procurement software. The inventory system is able to inform the procurement software once a low level is experienced so that a new order is placed. That would leave you prepared at all times, neither underage nor overage.

And this is where the magic works. These three systems, which include procurement software, a warehouse management system (WMS), and an inventory management system, communicate with each other.

• The inventory management system keeps count.
• The procurement software buys what’s needed.
• The WMS keeps it all stored and organized.

When they’re connected, you can run your whole supply chain smoothly. Orders come in, stock gets tracked, items are stored neatly, and nothing falls through the cracks.

 

 

Having and utilizing them can save you plenty of time, money, and headaches, whether you are running a small business or even a large one. You will never go out of demand for products. You will not spend the money on things that you do not need. And your team will not spend time looking through things in the warehouse. 

 

Briefly, the deployment of procurement software, a warehouse management system (WMS), and an inventory management system is a no-brainer on the assumption that you do not want your business to expand in a chaotic mess. Thus, it does not matter whether you are a beginner or willing to improve the already existing process; these tools can assist you in keeping abreast.