Sell on Marketplaces
Start selling on global marketplaces
Inventory & Order Management
Take control of your inventory with a real-time view
Warehousing & Fulfillment
Seamlessly integrate warehouse & fulfillment processes with sales channels
Sell where your customers are
Get smarter and automate payment reconciliation
Automated Catalog Listing
Automatically list products across multiple marketplaces
Consistent Master Data
Master your business data
Cross Border Retailing
Enable cross-border selling
Mobility and eCommerce Frontend
Mobile App Development
eCommerce Web Development
Orders & Returns Management
Manage all your orders & returns from a single screen
Automated, centralized, single view of inventory across channels, fulfilment locations & systems
Warehouse Management System
Seamlessly integrate warehouse & fulfillment processes with sales channels
Point of Sale
Simplify the billing, promotions and returns using our cloud-based Point of Sale
A single platform to onboard sellers as well as manage their product information, orders and inventory
Marketplace Payment Reconciliation
Take control of your payments and drive cost savings with automated Payment Reconciliation
Automate catalog listing for any marketplace with a click
Automatic Replenishment System
Ensure on-time deliveries and fewer stock-outs through automating replenishment plans and orders
Open to Buy
Take control of your inventory investments by monitoring financial budget for purchase orders
Delight customers by centralizing customer loyalty points across multiple channels
Business Data Model
Easily define business-critical master data entities
Easily manage multiple hierarchies and its data across channels
Business Rule Engine
Configure various set business rules for the master data attributes easily
Manage the master data requirement through data governance processes and policies
Ensure the overall standard and accuracy of data through
Vendor / Seller, Product / Material Management
A single platform to support various ways to register the product/material in the hub
Technological advancements and digitally disruptive platforms are paving their way into most of the industries and redefining their functional aspects.
The transportation and logistics management industry are no exception as it has witnessed a significant shift in terms of day-to-day operations. One of the key innovations that have transformed the logistics industry is the launch of warehouse management systems.
Considering the growth perspective and global scalability, businesses are increasingly realizing the importance of warehouse management systems and devising an actionable plan of action to unleash its ultimate potential.
Warehouse management has been one of the core pillars of the transportation and logistics sector, and businesses have always focused extensively on the effective functioning of this business unit. With the introduction of new tools, techniques and platforms, the logistics space has massively benefitted from a range of WMS solutions, be it on-premise or cloud-based.
Warehouse management system is essentially a software application that aims at monitoring and controlling warehouse operations on a day-to-day basis.
It essentially includes a broader spectrum of actions that initiate from auditing and tracking the materials since it is received into the respective warehouse to the moment it was being stored and finally reaching the end-customer as the final step of the supply chain process.
With the assurance of inventory-related data transparency, a WMS reduces manual errors and also looks after the stock control management as well. A WMS application allows the users to have a centralized system where different warehouse management tasks are managed through a unified interface that in turn ensures the ease of usage and efficiency of warehouse operations.
Despite the wide-scale adoption and popularity of warehouse management systems, businesses might still be hesitant regarding its applicability and alignment to their core business objective.
To effectively understand the suitability of a WMS, businesses must understand the myriad of functional aspects, use case scenarios of a WMS.
Here, we have elaborated on some of the key functions of a warehouse management system.
Keeping the track of stock inflows into the warehouse is one of the primary functions of warehouse management systems. It enables the warehouse managers with the perfect insights to understand the availability of stock, stock processing and stock replenishment needs.
A WMS enables the warehouse managers to gauge the demand vs supply of their goods so that they can replenish the stock in the right amount at the right time.
The conventional challenges of over or under stocking can be effectively eliminated with a robust WMS in place. Besides, it plays a pivotal role in warehouse space optimization. A WMS ensures that stocks are well distributed to ensure smooth warehouse management.
Picking inventory and shipping them respectively to the intended customer base is the second most important function of a WMS.
Conventional warehouse systems had several challenges such as missing data and inefficient inventory tracking that led to inefficient and erroneous inventory shipping.
However, an efficient WMS ensures that the right product is picked based on your business rules such as Last In First Out (LIFO) or First In First Out (FIFO). This will indeed prove to be a seamless, robust and cost-effective solution. There are no more incurring costs on the wrong stocking up of order and shipping to its mismatching customers.
As a business scale, the product portfolio expands resultantly and similarly the need for more space in the warehouses for storing the inventory.
At such juncture, efficient space management in the warehouse is highly critical for businesses and is often the topmost priority of the warehouse managers. While acquiring this efficiency manually may seem daunting, an automated WMS solution is an absolute choice to combat these challenges.
A robust Warehouse Management System enables the warehouse personnel to store the inventory in the warehouse depending on the current demand and product weight.
By keeping heavier products or products that have a faster turnaround rate closer to the door ensures effective inventory management and saves the workforce personnel unnecessary usage of time and resources.
Inventory tracking is one of the crucial functions of a warehouse management system.
A WMS enables easy and efficient tracking of inventory and order related information such as lot details, expiry dates, serial numbers and UPC. This helps in quickly solving the inventory movement challenges, reducing additional costs and also improving customer experience with efficient order tracking and management.
A WMS allows businesses to do periodic cycle counts without interfering with day to day operations. This entails greater labor visibility and optimization.
Gone are the days of paper-heavy inventory documentation. Warehouse management systems enabled by automated processing eliminates the need for paper-based documentation.
A WMS offers a single-window view of the entire inventory processes. With anytime anywhere accessibility feature, WMS enable the warehouse personnel with the requisite data and information at their fingertips needed to do their job.
Customer satisfaction has been the ultimate objective of businesses. Thus, businesses are striving to deliver seamless, custom and personalized experiences to their customers by optimizing their processes.
In the logistics and supply chain management space, customer service is of utmost importance. A WMS ensures that the right products are delivered to the right customers at the right time.
WMS play a pivotal role in ensuring customer satisfaction for the existing customers while attracting new prospects and converting them to loyal customers.
Data-driven and actionable insight is the backbone of a business’s strategic decision-making process.
A WMS offers robust, accurate, actionable insights on inventory-related operations, helps keep track of inflow and outflow of inventory in an efficient manner and the KPIs allow the warehouse-management team to plan their future course of action effectively.
Now that you have understood the myriad of functionalities of a WMS, take the next step by choosing to leverage the right WMS for your business. Request a demo or connect with the experts to learn more about Vinculum’s Vin eRetail WMS NOW!
Coming to IRF 2019, Mumbai? Visit Vinculum at Booth #A22
eCommerce fulfillment: the key enabler for MultiChannel retailing
Wildcraft partners with Vinculum to fuel their growth
The role of supply chain management in retail scenario of today
Copyright © 2020 Vinculum Solutions Pvt. Ltd. All Rights Reserved.