For e-commerce companies, effective inventory management plays a crucial role in remaining competitive in a dynamic and growing market. As an entrepreneur, you want to continuously optimise operational processes in the field of logistics and inventory management. In this blog we explain why simultaneously implementing a Warehouse Management System (WMS) and inventory management optimisation software is a smart move for growing e-commerce businesses. Too often it happens that entrepreneurs opt for a WMS system and less than six months later decide to link purchasing and inventory management software. Below you can read why direct implementation of these two systems ensures more efficient logistics processes that save you time, generate more revenue and increase customer satisfaction.

What is a WMS?

A Warehouse Management System (WMS) is software specifically designed to streamline and optimise the logistics tasks of your online business. A WMS is a system in which you can manage all aspects of inventory, including receiving, storage, order picking, packaging and shipping. Functions such as inventory location management, automatic data collection, inventory control, order processing, inventory rotation, and real-time reporting and analysis are available in a WMS. With a WMS you can reduce operational costs, improve inventory accuracy and maximise the efficiency of your warehouse management.

Image 2 blog 3 reasons to integrate a WMS alongside Optiply

Why do e-commerce businesses often first choose a WMS to improve inventory management?

Why do many growing e-commerce companies that want to improve their inventory management often choose a WMS before deciding to implement purchasing and inventory management software?

1. Improving warehouse processes

A WMS automates and optimises warehouse activities. It ensures that you gain better insight into the physical storage and movements of your inventory to increase efficiency and reduce errors.

2. More accurate inventory management

In a WMS you can keep track of all inventory data, to keep your stock up to date and to prevent shortages or surpluses.

3. Optimisation of order processing

A WMS streamlines the order processing process, resulting in faster lead times and improved customer satisfaction.

4. Scalability

WMS systems add scalability and can grow with your company, the inventory, the orders that are processed and the logistics team that carries out the warehouse tasks.

A WMS offers many advantages for the logistics processes of your e-commerce company. Yet, in the field of purchasing and inventory optimisation, the functionalities in most WMS systems are limited.

Curious about what you should pay attention to to keep your cash flow moving? In the white paper, you find six smart ways to get a grip on your supply chain and prevent money from getting tied up in excess inventory.

3 reasons to implement a WMS alongside purchasing and inventory management software

Purchasing and inventory management optimisation software is a valuable addition to a WMS and makes it possible to take your inventory management to the next level. Smart software such as the Optiply app can forecast future demand based on historical sales data and external factors, such as trends and seasonality. Together with the functionalities in the WMS, you make better decisions about purchase orders and inventory levels; and avoid that you build up overstock or experience stockouts that result in lost sales.

The simultaneous implementation of a WMS and Optiply offers several concrete advantages:

1. Use real time data

Most WMS systems use static min/max order values to manage your purchasing and inventory levels. By starting purchasing via Optiply you purchase based on real-time data. This allows you to immediately improve purchasing, inventory management and logistics processes.

2. Save time and money

Avoid spending a lot of time filling in WMS data that is no longer relevant when you connect Optiply. Save time and money by implementing a WMS alongside Optiply so you can start automating purchasing and inventory management tasks straight away.

3. Start with strategic purchasing

Focus on creating a healthy inventory and make your work as a purchaser more strategic. By connecting a WMS and Optiply simultaneously, you can immediately use Optiply’s purchasing advice. Focus on the most important products within your inventory and take the next step in balancing your inventory.

The combination of a WMS and Optiply leads to improved efficiency in your purchasing and inventory management process. By combining real-time inventory data and accurate demand forecasts, your company can quickly respond to changing market conditions and better meet customer needs. This results in a balanced inventory, higher customer satisfaction and more revenue.

Curious about what you should pay attention to to keep your cash flow moving? In the white paper, you find six smart ways to get a grip on your supply chain and prevent money from getting tied up in excess inventory.

Maximise your growth potential with the combination of a WMS and Optiply

Accurate inventory management is crucial to be competitive in the e-commerce market. The efficiency and accuracy of inventory management can make the difference between successfully fulfilling orders and losing customers to your competitors. The importance of automated systems such as a WMS and inventory management optimisation software such as Optiply cannot be underestimated.

By implementing a WMS and Optiply simultaneously, your company can benefit from optimised inventory levels and improved order processing speed. This ensures that you improve operational efficiency and strengthen your competitive position in the market. Additionally, it has a positive influence on customer satisfaction.

Invest in smart inventory management solutions if you want to fully utilise your growth potential as an e-commerce business. Give your customers the best possible experience by ensuring you always have your most popular products in stock and can process and ship them as quickly as possible.