Role of Warehouse Management System in Business

  What is Warehouse Management? Warehousing is the process of storing inventory so that products can be easily tracked in good condition before they are sent through an order fulfillment cycle or sold or distributed to smaller warehouses or physical retail stores. Importance of Warehouse Management In Business Moving your product business to a warehousing can seem overwhelming at first. Fortunately, it's easy to explain the importance of storage in three basic concepts. Keep Assets Safe First of all, warehousing is necessary to keep goods safe from damage, loss or theft. It helps you to manage your inventory from office space and institute a daily product workflow. Optimization of Purchasing Decisions Second, storing your products streamlines your purchasing decisions. Instead of just guessing what your reorder point is (by not using the reorder point formula), you can find out by reviewing your purchase and shipping reports. This information shows what is popular and what is not i...