Warehouse Management Software Vs Inventory Management Software

But do what does your company really need? A fully-fledged custom warehouse management system can track everything from stock location, warehouse activity monitoring and user activity tracking, whereas asset management software is more focused on managing assets and/or inventory through a barcoding system. Warehouse management software and asset management software can be a great way to keep track of your assets and inventory, but it all begins with assessing your needs and requirements.

Warehouse Management Software

As the name suggests, warehouse management software encompasses a large part of your logistics operation, from tracking products from your suppliers, its storage and user interaction to its final destination. This process is accurately and closely monitored by a bar code scanning system that can identify products and receipts that need to be logged and eventually tracked from the warehouse management system itself.

If your business is involved with the delivery stage of the product, consider an automated service where the delivery route is planned according to multiple delivery points in any given delivery service. This will typically be implemented when goods are picked for delivery, a real time saver since loading personnel will first of all be able to choose the correct stock that will be selected on a certain day and then locate the stock according to its inventoried state.

As you can see, it’s a highly integrated approach that relies on correct user input and reliable software that will bridge each stage of development. Of course, this centrally managed warehouse system is even more valuable when you have multiple warehouses. As a result, web-based warehouse software is a much more attractive option in that different warehouses can store and retrieve information based on real-time inventory information – especially effective when you can synchronize data with existing products, such as Sage or QuickBooks.

Inventory Management Software

Where warehouse management is (usually) a seamless mesh of integration, an asset management system controls just one aspect of logistics – the assets (and inventory) of your business. A bar code scanner will usually be the interface of choice for most companies, although this is set to change with the advent of RFID tagging. Either way, stock or assets are managed through a central system much like warehouse management software and can be tracked at their different stages in the supply chain.

Wasp Barcode, the bar code scanning company, distinguishes assets as products which are used by the company and may need to track their assets based on who has them etc. Inventory management, on the other hand, is much more fluid in its operation since this is incoming (from suppliers) and outgoing (to customers) stock. In their line of products, then, asset tracking software is all about locating assets whereas inventory management software is basically tracking the input and output of stock in a business.

Despite this distinction in product type, if you need to track stock accurately (probably a requirement of most successful businesses!) and even want to update your customers with current stock levels (common in the case of e-commerce), then inventory management software is really the only way to go to ensure quality and efficient stock taking.

Which One?

When it comes to choosing, the most obvious difference in the two types of stock management is scalability. If your company is involved with picking stock from a supplier, storing in a large facility, selling to customers and delivering the goods, then warehouse management software is certainly a wise choice. On the other hand, small businesses might choose asset management software in conjunction with barcode scanners to maximize their stock management accuracy, ultimately reducing the time and cost for unnecessary deliveries and customer dissatisfaction.

Plug Up Money Leaks in Logistics With Pallet Management Software

If your business uses different types of pallets and other shipping and receiving equipment, chances are you can benefit from pallet management software. The shipping of raw materials to manufacture your product may use Chep, LPR or IPPL pallets whereas the finished product may use a different kind of equipment to ship to your storage warehouse or client destination. When these different types of equipment come from multiple vendors, your logistics problem can multiply.

What the Software Can Do for Logistics

Do you find yourself being charged for damaged or lost pallets? What about pallets that are picked up late? What if you end up with skids that are not yours? All of these issues could be vastly improved with implementation of the right pallet management software.

Software could track each and every pallet and piece of equipment used for shipping and receiving of raw materials to your finished product. Why would you want to know where each individual pallet is at all times? Perhaps you discover a problem with product A that is being shipped on pallet Z. Or, maybe a client wants to reduce or expand their order. You can re-route one or more back to or from your storage warehouse with a just a few keystrokes and mouse clicks.

The ability to track each piece of equipment involved in the shipping and receiving of your raw materials and finished goods means that there is less room for error in several areas. The company you hire or lease the equipment from would be less likely to slip erroneous charges for lost or damaged goods onto your invoice. Plus, you can ensure the empty pallets are picked up and re-delivered to the right destination in a timely manner so you are not charged for extra time.

The Bottom Line

Software can essentially automate the tedious task of tracking all your shipping and receiving equipment. Things are easier to resolve and you may even have the ability to link and reconcile with your client and vendor software programs. You have more control and focus over logistics tasks, allowing you to plow through various types of data as well as make transfers and re-routing simpler.

Risks are minimised which means more money is saved for the logistics department. The reporting tools and easy use are additional benefits of using pallet management software. The bottom line is that you have better control and can minimise expenses with the software, leaving you with more time for more important matters.

All About Fleet Management Software

Every big organization has a fleet of vehicles and logistics support that needs to be streamlined and managed properly so as to keep the costs down and the work going on in full swing without any hurdles. For all those who do not know about a fleet, let us begin with introducing the word fleet to you. Fleet is a ready line-up of logistic vehicles that run for a company or an organization. There are many aspects of maintaining a fleet including the drivers, the loaders, the maintenance of vehicles and much more.

When there are a few vehicles, you can manage them without any hassles but when the number of vehicles and employees handling them increase, you need to find out effective ways to handle them all. This is where fleet management people come into the picture. It is the managerial process through which a company can manage and organize the fleet and take care of all aspects of it.

These days, Fleet Management software options are available on the market through which you can automatically and with great comfort and convenience, manage your company’s fleet at a very minimal cost.This software helps you do a lot of things that manual fleet managers found challenging to accomplish in day to day routine. The scope of software is vast. It covers aspects like Fleet Administration, Work authorization, leasing, rental, service scheduling, acquisitions and disposals of vehicles, claim management and accident management, fuel management, information of all vehicles, cost management and driver management.

In Fleet management, you can include all vehicles including your cars, commercial vehicles, personal vehicles and logistic carriers.

The reason why majority of organizations who require regular logistic support and have a fleet of vehicles for their operations take help of fleet management software is because of the many benefits that it gives you. Listed below are some of them.

Benefits of Fleet Management

1) Increased productivity and efficiency as employee overtime can be reduced and reduces the time consumed in operational activities

2) Reduced documentation and better management of resources; archiving becomes easy

3) Effective disbursement of payments makes financial issues at bay

4) Streamlining and automating payments, insurance, etc can be done so that you need not memorize due dates, it would notify you

5) Ensure smooth movement of vehicles from location to location

6) Ability to view the transit route and communicate shortcuts to cut fuel usage and save money ultimately

7) One-stop customized solution for all needs

The main benefit that a fleet management software will give you is time and money saving. This is one of the reasons that make it the primary choice for managers. When you can manage everything from a computer, also from remote locations, you can get a clear picture of what problems arise to a specific driver or if a specific route is not the best choice. This way you can evade excessive costs and cut costs wherever possible, making more room for savings.

Taking help of good software can be a true money-saver for any organization but handling the software requires great detail, attention and know-how. Thorough training of the fleet managers or operators of fleet management software is quintessential as you should not leave any room for mistakes otherwise you’ll have to put in extra efforts doing it all from square one.