In this digital era where every entrepreneur is striving to grow and expand their business more effectively, having a warehouse is no less than a blessing. Because it allows you to manage all the aspects including, employee hiring and training, orders receiving, shipping, inventory tracking, and payments receiving.

Managing these processes with accuracy and precision requires a lot of time, money, and workforce. And this is where the use of fulfillment software for retailers comes into the picture. It streamlines all the strategies of a warehouse and increases its efficiency. 

Each warehouse management software holds its unique features. Because of this versatility, they are equally popular among large-scale and short-scale businesses. For effective working, it's essential to select the right WMS with appropriate features to meet the requirements of your organization. Here’s the list of some crucial and must-have features of a  warehouse management system. 

Order Optimization and Fulfillment Process 

It is the most crucial feature of warehouse management software. This feature is essential to experience better order management. Because it controls and regulates the movements of a product from entering the warehouse to shipping. Re-ordering feature enables the users to automatically order a product. 

 It also speeds up the shipping process because it offers easy access to carrier networks. A robust system of picking the products not only reduces the need for employees but also preserves a lot of time. Make sure the WMS you choose for your organization must provide inventory tracking services. The presence of FIFO/LIFO protocols ensures fresh delivery, reduces waste production, and maximizes productivity. 

Tracking and Analysis 

The second most important feature of an effective WMS is its ability to offer business intelligence integrations. The best way to manage and organize the inventory is the implementation of a real-time tracking tool for a WMS.

It must have the ability to analyze the latest modifications, updates, and current market demands. WMS also points out the weak areas. It also enhances the decision-making ability of the warehouse manager through accurate data analysis. Premier features of some warehouse management systems also offer to work with more than one warehouse because of their multi-location tracking abilities. It’s highly recommended to choose a WMS with tax and language supporting features if you have to do International operations. 

Cloud-Based 

In this world of technology, every entrepreneur desires to control his business with a single touch from any corner of the world. Mobile supporting and easy access features of the warehouse management software enable it to perfectly match the needs of all types of businessmen. No matter in which part of the world you are and what time it is, you can hold meetings, organize and track inventory, and receive payments by using the mobile-friendly interference functionality of the WMS. This feature also provides daily basis reports of various tasks including inventory consumption, new stock, investments, and payments. 

Inbound and Outbound Operations 

Online selling is a quite hectic process. Because it involves a lot of purchasing receipts, delivering receipts, and many other data collections. But the use of WMS makes the whole process quite easy. Its barcode and scanning feature helps to differentiate the products. It also uses labeling and serial numbers to identify the new year item. The use of WMS enables the departments to keep a record of all the processes. Because it provides the facility of automatic capturing of all types of transactions. 

Financial Management 

The use of e-commerce order fulfillment software is an excellent tool to monitor sales patterns. It helps to gather information about sales progress regarding various locations and target audiences to take important decisions. Data Analysis features of WMS enable you to find out the potential customers or products, most productive selling unit, most courageous employee, and the best selling season.

Having this information strengthens the decision-making ability of the management regarding future investment. It provides financial status by automatic calculation of tax returns and revenue growth. 

A Final Word 

Warehouse management software is a complete package of various business tools to manage and organize your e-commerce business more effectively. Though all the WMS share some common features, make sure to choose the right one that can easily meet the current and near-future requirements of your warehouse.