Modern businesses have to cater to the requirements of both online and offline buyers. A well-oiled warehouse management system is proving to be very beneficial for the changing scenario. Here is why your business needs one.
Warehousing Companies In India have seen the unprecedented rise in the demand in the last few years. Even the researchers are focusing on the untapped lands which could be converted into organized warehouse spaces. But, a warehouse will be of great use to your business only when you have deciphered its importance in your model of interacting with the clients' sales and distribution wise.
Listed here are some of the important characteristics of the Warehouse Management System that prove its relevance in the modern business model.
a. Safe storage of goods
Whether it is a raw material for the production or the final goods to be distributed to the territories, safety is the most important aspect. The safety does not mean locking the gates of the warehouse only. It goes way beyond that. The goods have to be saved from pest infestation. These are to be kept under continuous vigilance. Also, there has to be period checking of the inventory which actually forms the part of a complete audit. The safety audit ensures that no excess material is lying in the warehouse and that the expired products have been disposed of well before time.
Safe storage of goods also involves offering a space to the goods that make retrieval easy too. If the goods are stored in an obstructive way and can hurt the handler or damage other articles around, it surely does not amount to safe storage.
b. Handling unplanned storages
Transportation of goods and raw materials witness various difficult situations sometimes. There can be the possibility of bringing the goods or raw materials back to the warehouses due to a defect in the item, adverse weather conditions and an unexpected decline in demand and so on. The extended storage facility is also required for special conditions like the ripening of fruits. Promotional campaigns are one other reason that warehouses consider to arrange for extended or unplanned storages.
c. Movement of goods
Moving of goods from the warehouses to intended locations require a lot of planning. The warehouses have a specified inbound area where the unloading of goods from the vehicles is done. They also segregate the goods according to the immediacy of retrieval and then take them to target locations in the warehouse. The goods corresponding to orders to be fulfilled immediately are taken out responsibly and moved out to the places where these are to be delivered.
d. Inventory and information management
Warehouses are responsible for preparing reports of the inventory being managed by them. This information is now of high importance when the businesses are selling through various media. Organized information software is used by the warehouses that account all the movements done to fulfill the orders received through various channels. This information is very much important for the higher management for planning and strategizing future business decisions.
e. Warehouses are bearing the risk
Warehouses get the order for storing goods and raw materials only on the promise of returning the goods in a sound state. They are responsible for all kinds of thefts, damage, and loss which could be controlled and so, they bear the damages. Thus, companies can work with added peace of mind. The warehouses, too, adopt unprecedented measures to ensure the safety of the goods.
f. Helping in finance
Warehouses have a complete record of the finished goods and they furnish the same, time to time, to the businesses for which they are working. This record is very important as it shows the business potential. The businesses can furnish this information to the financiers to get the loan.
So, these are the various functions performed by the warehouses that make them an inevitable part of a business ecosystem. Search for the top warehousing companies in India to get the best support for actual business process.