Warehouse Management Software (WMS)
A retail warehouse management system (WMS) is a comprehensive software that allows you to take complete control over warehouse operations such as centralized goods inward, inventory storage level, production planning, repacking, and shipping. With a WMS, you can forecast demand accurately, plan purchases optimally, handle inventory easily, utilize the space effectively, and distribute stock efficiently.
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How Gofrugal's warehouse management software helps retailers
Gofrugal's warehouse management system software is an easy-to-use comprehensive ERP that lets you monitor branch-wise sales, purchases, inventory, receivables, profits, and more, anytime from a centralized system.
From raising a purchase order, making purchase inwards, restocking storage locations, and picking for for branch-wise stock transfers to counting stocks anytime in your warehouse or store, everything happens with automation thanks to dedicated digital tools. Our digital solutions ensure hassle-free and accurate operations with minimum staff and minimal skills.
Plan purchases accurately
Track the supplier's excellence, automate reorders backed by analysis, and make instant inwards from anywhere.
Stock sequentially for faster operations
Plan the flow of products in the warehouse and store them sequentially for easy access and quick transfers.
Replenish outlets based on demands
Make consumer-centric decisions by forecasting demands and stocking the right products at the right time.
Make accurate data-driven decisions with Gofrugal’s autonomous AI-based solution
The Eye helps you maximize sales with minimum inventory by helping you identify the exact reorder points and procure the right quantity at the right time without any manual effort.
- Simplifies the process of making central purchases from the warehouse by providing accurate order quantities based on demand.
- Analyzes the flow through items and suggests outlet-wise quantities to ensure optimum inventory across outlets.
- Automates the activities like daily reordering and stock transfers to control out-of-stock items easily.
- Suggests the repacking quantity for items at the warehouse and helps make production decisions.
Key features of Gofrugal's retail warehouse management system
Here's a list of the most sought after features you can rely on based on your business size (small, medium, enterprise)
Inventory accuracy
Cut down on manual operations that cause human errors by scanning items during stock counting, transfers, picking and purchase inward operations.
Insightful reports
Access real-time graphical reports to make insightful decisions by identifying dead stock and taking corrective actions from anywhere.
Stock management
Track the stock that enters and leaves the warehouse accurately and transfer the stock between warehouses and outlets accurately.
Storage planning
Effectively organize your storage space for faster and hassle-free processing of orders and transfers.
Pick, pack, and ship
Gain visibility and transparency across operations like picking, packing, put-away, and shipping for on-time order fulfillment.
Deployment model
Operate online and offline based on business needs with on-premise and cloud-based centralized deployment models.
Dispatch points
Enable warehouses to become your dispatch points for all online orders with order routing and delivery tracking.
Inventory control
Support quality checks with perpetual stock counting to eliminate inventory shrinkage preventing expiry and damage.
Grow your business exponentially with Gofrugal's retail warehouse management system!
Gofrugal's retail ERP with an integrated warehouse management software takes control of your cash flow and inventory management, helps you understand your consumer behavior, and has the best supplier-employee excellence
What do Gofrugal's winning customers say about our WMS?
What does a warehouse management software do?
A warehouse management software controls all operations from the inward of goods until they reach a selling point. A WMS helps:
- Forecast and procure based on demand.
- Streamline staff management.
- Improve inventory accuracy.
- Efficiently utilize space.
- Accelerate picking processes.
- Effectively increase turnover.
Benefits of warehouse management software
A warehouse management system integrated with an ERP helps:
- Gain complete control over the flow of stock between the store and the warehouse.
- Save time with an optimized workflow for picking, packing, and shipping.
- Manage inventory across multiple locations or warehouses using a centralized system.
- Prevent stockouts with automated reorder levels for timely replenishment.
- Ensure on-time shipping for faster order fulfillment and product availability in stores.
Overview of retail warehouse management system
Importance of warehouse management software
Who needs warehouse management software?
Future of warehouse management
Importance of warehouse management software
A warehouse management software creates a real-time system that enhances inventory optimization, reduces inventory levels and order fulfillment time, and increases customer satisfaction. It eliminates manual tasks involved in goods inward, picking stocks for transfers, refilling assigned areas, updating stocks after a stock count, and helping monitor stock levels instantly from anywhere.
A WMS keeps the right stock arrangement in aisles, racks, and shelves which helps access the stock quickly during stock counting, picking, packing, and transfers. When the right warehouse management system software is used, it is possible to prevent stockouts for every unit in the inventory to the lowest level of detail. Instead of inaccurate reordering and losing profits, it is possible to reorder based on insightful data generated out of purchase trends, sales performance, and demands.
Who needs warehouse management software?
Either single or multi-outlet businesses with one or multiple warehouses that wish to operate more efficiently in a cost effective way need a warehouse management software. Warehouse managers find it crucial to optimize the stocks based on the available space and store the right quantity required for different product storage types like Put Away, and Flow Through, when managing their locations.
A retail warehouse management system ensures everyone is on the same page, be it an employee in the store, or a manager in the warehouse, by connecting the entire supply chain operations from the warehouses to the shelves in the store.
Future of warehouse management
The role of a warehouse management system integrated ERP in any retail business is impeccable. ERP is an integrated system that comprises integrated solutions to streamline different operations across locations, including the warehouse and outlets across the supply chain, with inventory management, procurement, accounting, and security management.
Warehouse management software is a stand-alone software that controls all warehouse operations like picking, packing, and delivery by organizing the tasks in the warehouse with better planning. Simply put, an ERP for a business serves as an all-in-one software that has warehouse management as one of its modules.
Types of warehouse management software
On-premise WMS
On-premise software that operates independently and is not tightly integrated with other software or ERP systems.
Cloud WMS
Cloud-based software accessed from any device via an internet connection with high flexibility and scalability.
Integrated ERP-based WMS
Warehouse management functions managed along with other business operations in an integrated ERP system.
What are the benefits of a WMS integrated with an ERP?
Warehouses aren’t just about storing inventory; they impact capital and running costs, too. When data remains unsynchronized, it makes demand forecasting, inventory tracking, planning, and utilizing the available resources effectively a big challenge. By integrating a WMS with an ERP system, business owners gain real-time visibility to manage different business operations, and scale up to new outlets by having full control from a centralized system. This helps businesses enjoy data-driven decision-making and boost overall profitability with increased customer satisfaction
The difference between a warehouse management system and an inventory management system
| Warehouse management system | Inventory management system | |
| Operation | Receives stock from the supplier's end, and manages storage better to ship the right set of products at the right time. | Forecasts demands based on purchasing trends of consumers and manages complete ordering and receiving. |
| Focus | Focuses on activities including stock picking, packing, and shipping. | Focuses on order fulfillment and automatic replenishment across different locations. |
| Control | Controls the movement of stock only within the locations in the warehouse. | Controls the inventory across different locations in the supply chain. |
The difference between an ERP system and a warehouse management system
| ERP | WMS |
| An ERP is a system that consists of integrated solutions to streamline different operations across the supply chain, with inventory management, procurement, accounting, and security management. | A WMS is a stand-alone software that controls all warehouse operations like picking, packing and delivery by organizing tasks in the warehouse with better planning. |
How to choose the right WMS for your business
Choosing the right warehouse management software helps you gain a competitive edge in the market and keep growing. Look out for these factors before selecting the best retail warehouse management system for your business
Faster and more insightful decisions.
Real-time inventory level tracking across different locations and categories like put away items with expiry management to reduce loss of stock.
Efficient operations with the least resources.
The ability to scale up along with your business and cater to complex warehouse needs with high efficiency, no matter how big your business gets.
Easy business process customization.
Offering industry-specific functionalities unique to the business type and flexible to support cross functionalities including seamless integrations.