Inventory turnover rate is an important indicator to measure the operational efficiency of enterprises, which is of great significance for reducing inventory costs and improving capital turnover. As an important part of enterprise logistics management, WMS warehouse management system solution can effectively improve inventory turnover rate through a series of means. This article will explain how to improve inventory turnover by implementing a WMS warehouse management system.
1. Optimize warehousing management
1. Improve the efficiency of receiving: the WMS system can automatically allocate the receiving task according to the order priority, the volume and weight of the goods, and use RF technology, scanning equipment and other automation equipment to quickly enter the goods information, update the inventory information in real time, and avoid human error. In addition, the introduction of A** robots for automatic handling of goods can greatly improve work efficiency.
2. Strictly implement the first-in-first-out principle: the WMS system can set up inventory warnings, automatically remind the purchasing department when the inventory is lower than the safety stock, and at the same time use serial number management, color labels and other methods to ensure inventory accuracy. Take serial number management as an example, assign a unique serial number to each product, and record its inbound and outbound times to ensure that expired products in inventory are disposed of in a timely manner.
3. Strengthen the management of the best merchants: track the delivery of the best merchants in real time through the WMS system, adjust the procurement plan in a timely manner, and reduce the risk of inventory backlog. At the same time, conduct a comprehensive performance evaluation of the best businessmen, and select high-quality business owners to establish long-term cooperative relations.
2. Optimize outbound management
1. Improve picking efficiency: WMS system automatically allocates picking tasks, and uses path optimization algorithms, multi-level sorting systems and other means to improve picking efficiency. For example, the shortest or fastest picking path is calculated through the path optimization algorithm, reducing picking time and costs.
2. Strictly implement the first-in-first-out principle: give priority to the first-in-first-out goods when picking, set up inventory early warning through the WMS system, automatically remind the sales department to deliver goods, and at the same time adopt the first-in-first-out strategy for inventory scheduling to ensure that it is sold out as soon as possible.
3. Strengthen customer service: real-time tracking of order status through WMS system, improve customer satisfaction, and realize real-time update of order status and timely handling of abnormal situations. For example, real-time notification of customer order delivery time, logistics information, etc., to improve the customer's shopping experience.
3. Optimize inventory management
1. Regular inventory: Automatically generate inventory tasks through the WMS system, and use RF technology, scanning equipment and other automation equipment to enter fast and accurate cargo information to reduce human error, and at the same time, a comprehensive inventory should be carried out regularly to ensure the accuracy of inventory data.
2. Strengthen data analysis: The WMS system provides basic inventory data and sales data, and provides more in-depth improvement suggestions through data mining and analysis. For example, analyze the sales curve of a product, seasonal factors, etc., to develop a more accurate inventory** and purchasing plan.
3. Implement differentiated management: The implementation of differentiated management strategies according to the sales of commodities and seasonal factors is an effective means to reduce the risk of inventory backlog. For example, for seasonal goods, formulate reasonable purchasing plans and inventory strategies based on sales data over the years;For new products, understand the market demand through test marketing and other means, and then arrange production and inventory.
Fourth, strengthen integration with other systems
1. Integration with ERP system: through the data synchronization of WMS system and ERP system, the information sharing of each link of the first chain is realized to improve the overall operational efficiency. For example, create a purchase order in the ERP system and synchronize it to the WMS system to realize the seamless connection of procurement and warehousing, and at the same time synchronize the sales data of the WMS system to the ERP system for financial processing and cost accounting.
2. Integration with TMS system: through the collaborative operation of WMS system and TMS system, the seamless connection between warehouse and transportation can be realized, and transportation costs can be reduced. For example, the transportation plan and path optimization algorithm are set up in the TMS system, and then synchronized to the WMS system for cargo stowage and loading, and the transportation cost and time cost can be reduced through a reasonable stowage scheme and path planning. At the same time, the integration with the billing system can also realize the automatic billing and settlement functions, and improve the efficiency of financial management. WMS system