Warehousing (Distribution Centre)
Warehousing is defined as the storage of physical goods for further selling and distribution. Warehouses are commercial buildings where goods are kept in an organized way for proper analysis like quantity, position, and how long goods have been there.
With the growth of the e-Commerce industry, warehousing has also become an integral part of a trade. Companies will have to hire a dedicated storage space on rent or lease or outsource third-party warehouse logistics services to store their inventory.
Warehousing is necessary for product-based businesses because of the following reasons:
- Ensures protection of goods
- Provides you with the risk-bearing capability
- Helps with financing, processing, grading, branding, and transportation
There are majorly 3 types of warehouses that are as following:
(a) Private Warehouses:
A private warehouse is a privately-owned storage space of wholesalers, manufacturers, distributors, and large retail companies. They are comparatively expensive than public warehouses.
(b) Public Warehouses
Public warehouses are possessed by governmental bodies. Usually, private sector companies prefer to rent out public warehouses owing to their affordability and accessibility. They are available for both personal as well as commercial use.
(c) Government Warehouses
Government Warehouses are possessed and run by the government. They can be hired by both government agencies and private companies for storage purposes. They are inexpensive but include a lot of paperwork.
Warehouse Management System
Warehousing is at the core of any product-based business. Warehouse management is one of the most important elements of warehousing logistics.
Warehouse management refers to the strategic running of daily operations in a warehouse to ensure excellence at the operational level. A warehouse manager has to do a lot of things to bring efficiency to the process.
Some of the responsibilities of a warehouse manager are listed below:
- Forecasting and supervising projected labor and volume
- Ensuring the best safety practices all the times
- Obtaining the necessary licenses & certifications for warehouse compliance
- Keeping a record of all outbound and inbound shipments
- Performing warehouse audits on a timely basis
Apart from the above responsibilities, a manager has other things to look after. Doing so much work manually makes the entire task of managing complex, time-consuming, and prone to mistakes. That is why; you should consider a new-age warehouse management system.
The modern Warehouse Management System is superior software that provides you with multiple tools to manage daily operations at your warehouse with ease and expertise. It helps eliminate manual warehouse management and ensure optimized operations. With the help of WMS, you can access real-time insights into day-to-day happenings in the warehouse.
Software Functionality
- Incoming Stock Management
When rendering order fulfillment services, you are single-handedly responsible for fulfilling all orders, including warehousing, inventory management, picking and packing, and shipping. Therefore, you have to make sure that you have enough stock in your warehouse for order fulfillment.
Bilty Warehouse Management System is a practical solution to help you with incoming stock management. You will have proper information beforehand about the stock needed to complete the orders. You can gain control over incoming stock according to the orders as well as space in your warehouse.
Everything is managed automatically and you can access the data anytime for efficient incoming stock management.
2. Stock Dispatching Management
Stock dispatching management becomes a tedious job when you don’t have proper data and systems. Hence, we have got Bilty Warehouse Management System for you that includes a stock dispatching management tool. This particular tool assists you to dispatch orders timely and efficiently.
The stock manager in a warehouse has to take the headache of manually managing each step of the stock dispatching process. However, Bilty makes the whole process much convenient and less time-consuming. It will show you all the pending and completed dispatches so you don’t stay behind in meeting the market demand. We envision bringing automation into your warehouse management.
- E-Commerce Solutions
- Inventory Management
- Reduce Stock Damage and Theft
- Truck Management
- Payroll System
- Business Analytics