Table of Contents
Summary: This write-up talks about leveraging NetSuite Warehouse Management Systems that help measure warehouse productivity, drive more efficiency, and ensure extensive customer services as well.
NetSuite Warehouse Management System or NetSuite WMS comes with exclusive functionalities, tools, and solutions, and renders industry-leading warehouse management functionality. This warehouse management system of ORACLE NetSuite system is specifically engineered with advanced capabilities to scale up warehouse operations. For the most part, NetSuite WMS functionality aims at elevating the user experience and warehouse processing operations. Because NetSuite WMS is built into NetSuite, businesses can extensively utilize core ERP locations, items, bins, inventory, and transactions and they don’t have to worry about integration efforts or data synchronization.
Additionally, by leveraging the core capabilities of the NetSuite Warehouse Management System, you can reduce operating expenses, improve inventory visibility, ensure better labor management, and increase customer service like never before.
Mobile Processing
Warehouse businesses can perform key processes on a mobile device, drive improvement across inventory accuracy, and reduce the time spent searching for and handling goods or items. In this case, NetSuite WMS helps users complete important tasks—right from receiving and storing items to picking and shipping them, in the most efficient way possible.
Inventory Visibility
Once an item is scanned, the NetSuite WMS mobile application immediately updates. Also, it creates the proper transaction and associated inventory data in NetSuite. This way, businesses can avail of transaction and inventory transparency across the entire warehouse organization.
No Syncing Needed
Business administrators can eliminate the need to synchronize information between the systems. As a suite of connected applications, NetSuite Warehouse Management System seamlessly communicates with inventory management, order fulfillment, and manufacturing systems. This helps businesses ensure that all teams and members are working on the same, real-time data.
NetSuite Warehouse Management Benefits
- Enhanced Data Capture and Accuracy— The NetSuite Warehouse System can be used on a mobile device and it helps ensure accurate capture of item, lot, and serial numbers as products are received.
- Improved Inventory Visibility—You can track inventory in real-time as items enter, move through, and exit the warehouse as and when required.
- Space Usage Optimization— NetSuite WMS helps ensure that products or goods have adequate space and store fastest moving items near fulfillment areas.
- Increased Labor Productivity—You can make the most of Mobile devices to guide users to perform important tasks. These may include receiving and storing items to picking and shipping them.
- Better Order Fill Rates and Accuracy— The warehouse manager can use efficient pick paths and opportunistic multi-order picking to streamline fulfillment processes.
- Higher Customer Satisfaction— It allows you to deliver orders quickly and reduce mis-picks and inaccurate fulfillment with validated data.
5 Metrics for Measuring Warehouse Productivity
Measuring warehouse productivity can be a challenging task if it is done manually or through a legacy system. Companies that produce, sell, or distribute products require receipt, storage, and fulfillment of goods into, within, and out of a warehouse.
Without a system specifically engineered for warehouse management in place, this eventually becomes a manual, costly, and inefficient process. For the most part, it won’t support a fast-growing and thriving warehouse business.
Eventually, businesses these days are optimizing day-to-day warehouse operations to increase warehouse productivity and lead the competitive edge.
Experts recommend the following Metrics for Measuring Warehouse Productivity
- Order Picking Accuracy– Incorrect order picking results in high labor costs, inaccurate inventory counts, delayed shipments, and reduced customer satisfaction if the error is not captured before the order ships. At best-in-class operations using a scalable Warehouse Management System, 99.89% of orders are picked correctly.
- Average Warehouse Capacity Used – The average capacity used over a certain period- this is a key space utilization KPI. Best-in-class companies use on average 92.54% of warehouse space.
- Peak Warehouse Capacity Used – This KPI is for tracking how well a warehouse uses its space during its most occupied schedules or busiest times.
- On-time Shipments – This is a delicate balance without compromising order accuracy. Modern-day consumers are largely brand agnostic and want their products in the quickest and cheapest way possible.
- Inventory Count Accuracy by Location – Comprehending the total inventory available is important. Also, businesses in Warehouse Management should check how that inventory is distributed across multiple locations. This helps them ensure that orders are routed to the proper location for fulfillment and out of stocks are not incurred along the way.
Why inoday?
At inoday, an official, globally recognized, and #1 ORACLE NetSuite Channel Partner, you can connect to certified and skilled NetSuite Consultants and make the best of their expertise and experience in driving digital transformation via NetSuite Warehouse Management System. These experts leverage a proven methodology and deliver their 16+ years of experience in scaling up operations and assisting you in leading the evolving business landscape for Unrivaled Business Growth and Exponentially Growing Success.
FAQs
What does WMS stand for in NetSuite?
NetSuite Warehouse Management System (WMS) is an important capability for the efficient operation of your warehouse. For the most part, it extends your NetSuite implementation, its inventory and warehouse management features so that warehouse planners can better manage your inventory and warehouse transactions.
What are the 4 types of WMS?
Four Types of Warehouse Management Systems are
- Standalone System
- ERP Module
- Cloud-Based
- Supply Chain Module
What are the benefits of WMS?
The key benefits of a Warehouse Management System covers
- Quick Inventory Turnover
- Improved Customer Service
- Warehouse Personnel Reduced
- Enhanced Stock Control
- Optimized Warehouse Space
- Increased Labour Productivity
For more details, write to us at info@inoday.com Or Schedule A Demo
