Effective inventory management is a challenge for many manufacturers in today’s marketplace. Struggling with pen-and-paper tracking (or no tracking at all), spoilage or dead stock, excessive storage costs, under-stocked products, complicated units of measure conversions and a warehouse lacking organization are indications it’s time for a new solution. Manufacturers have found success implementing a WMS integrated with an ERP software solution to efficiently manage inventory and remain profitable.
What is a Warehouse Management System (WMS)?
A WMS is an inventory control system that encompasses all production processes from the procurement of raw ingredients to the shipping of finished goods, automating warehouse operations and tracking materials. Optimization of inventory transactions occurs by utilizing barcodes, hand-held scanners and tablets on a Wi-Fi network to receive and return raw materials, track work-in-progress (WIP) inventory, document production, pick, pack, ship, audit and create reports. A warehouse inventory system employs just-in-time (JIT) inventory practices to remain cost-effective.
With WMS, accountability of inventory is achieved by:
Eliminating Manual Processes
Electronic scanning allows for automatic inventory transaction updates without the need for cumbersome manual paper documentation methods. Information is stored in a centralized database, eliminating errors caused by manual counting, converting units of measure and dual-data entry methods.
Increasing Accuracy with Real-Time Data
Inventory is tracked and production planning is simplified in real-time by retaining accurate information regarding stock levels and usage patterns as data is entered and scanned – tracking pallets, assisting with lean inventory practices, maintaining safety stock, completing inventory counts and monitoring lead and lag times for the shipment of products.
Locating Products More Quickly in the Warehouse
WMS and ERP provide supply chain visibility with full forward and backward lot traceability from farm-to-fork to maintain safety standards, as well as easily identify and locate possibly contaminated materials in case of a recall. Managing expiration dates and the quarantine statuses of products enable effective shipping of goods in a timely manner - providing visibility, reducing spoilage and maintaining adequate stocking levels.
Securing Data Through User-Role Permissions
With software access based on end-user login permissions, an inventory tracking system provides the ability to trace transactions back to a specific individual – providing accountability by allowing only approved individuals to perform certain transactions or lookup information.
With WMS functionality seamlessly integrated within an ERP solution, the everyday struggles of manual processes, excessive storage costs due to spoilage and inaccurate stock levels, complicated unit of measure conversions and a disorganized warehouse are easily managed in one solution. ProcessPro ERP software, along with its inherent WMS application, has aided process manufacturers in their inventory tracking and warehouse management for over 30 years. ProcessPro has been developed to meet the unique manufacturing and business needs of the food, beverage, chemical, cosmetic, pharmaceutical, dietary supplement and cannabis industries. Contact a dedicated team member for a personalized demonstration of how our solution can handle your inventory management challenges.