Your Business is Only as Good as its WMS
When it comes to warehouse operations and logistics, managers who are proactive rather than reactive see greater results, allowing them to remain agile through changes in market conditions. At the core of this agility is a robust Warehouse Management System (WMS). A WMS capable of achieving the most effective workflows on the distribution and manufacturing floor is a WMS that is fast, accurate, safe, and drives efficiency. This can help prevent costly mistakes including,
- Inventory Inaccuracy
- Lack of sufficient warehousing space
- Inefficient and incorrect time management
- Loss of revenue
Decisions that are driven by meaningful data not only address the challenges that warehouse workers face day in and day out, they create a better environment for your warehouse team. This includes issues related to scheduling, time tracking, incentivized pay, and demand forecasting.
Supply Chain Concerns and Inflation
Rising interest rates, the Russian and Ukraine conflict and yes, issues surrounding the supply chain have had an impact on the efficacy of Warehouse Management Systems (WMS). Inflation continues to be one of the biggest issues of 2022, with supply chain challenges contributing in part to the recent surge in inflation.
Supply chain disruptions related to the global Covid-19 pandemic impacted inflation in 2021 and 2022. For example, consumer prices for food increased 8.8% in March 2022, making this the largest 12-month surge since May 1981. Higher inflation reflects a restricted goods supply while at the same time there’s strong demand for many of those same goods.
However, it is important to note that a decline in U.S. inflation is expected over the next year due to a release in the high-pressure environment of the past few years, caused by increased demand, trade restrictions, factory closures, and a dependency on ‘just-in-time’ inventory systems.
Digital Technology & Your WMS Partner
Digital tech in global logistics has been a real game changer when it comes to Warehouse Management Systems. Enhanced supply chain flexibility and increased resilience from WMS has played an outsized role in improving and refining large scale and often intensely complex processes.
According to a recent report, the Global Warehouse Management Systems Market is expected to record a positive Compound Annual Growth Rate (CAGR) of ~15% between 2022-2028 and reach a revenue of US $7 Billion by 2028.
With this expected increase in WMS, it’s critical to not only be prepared for new distribution strategies but also, to be able to quickly respond to changing consumer demands.
Build Resiliency in the Supply Chain: Begin with your WMS
Unpredictable events are just that – the not if but when features of being in business.
As CEOs, COOs, and Warehouse Managers tackle today’s crises, it might seem too soon to begin preparing for the next crisis. Even as the COVID cloud seems to be lifting, companies that are well-prepared and continue to make improvements to their WMS can expect to not only prosper during the next inevitable crisis but moreso, recover faster than their competitors. The last thing you want to fix during a crisis is your WMS.
Overcome Challenging Labor Issues
Challenging labor issues are an opportunity to empower your teams with user-focused, wearable tech with interfaces that support
- Intuitive, user-friendly screens for quick onboarding and easy upgrades
- Incentivized Rewards through Gamification
- Hands-free mobility and Accurate real-time reporting
At Procensis, our collective experience in the design and deployment enables newfound productivity and resiliency within your existing warehouse workforce, applying mobile and wearable computing devices to interface with the leading Warehouse Management Systems.
Want to learn more about how Procensis can optimize your WMS? Contact us today and schedule a free live demo!