The warehouses, distribution center, and the fulfillment center work hand-in-hand with similar functionalities of storage of Goods, inventory, parcels, and consignments. Many of the companies who have their own warehouses for managing the supply chain are usually known as the private warehouses, whereas the retailers who use the space on the lease are public warehouses and many of the SMEs, go for the public warehouses. The 3PLs or the third-party logistics companies provide the services of fulfillment centers which include the inventory management, transferring of the orders from the source location to other logistic firms, and sometimes, the destinations.
The receiving of the goods, segregating them depending upon the quantity, storing them in the right location, and transferring them with the pick, pack and shipment are the basic functionalities of a warehouse.
The Need of an ERP System:
The enterprise resource planning (ERP) helps the businesses in managing their various operations, departments and it integrates all the information across different locations, giving the processed information in the form of reports, dashboards, and KPIs. We can understand more about ERP here. (https://saturotech.com/what-is-erp.php)
In the warehouses, the tracking of the items & goods, optimization of inventory on a real-time basis, the status of the storages depending upon time, size, and the expiry, etc. are needed to be considered while managing the warehouse operations. Also, the scheduling of the upcoming inventory based on the discharge time of the existent goods are some of the processes where an ERP software can help in.
The ERP systems help in optimizing the basic processes such as pick, pack, and the shipment so that the gap between delivery time and the storage is optimized leading to the optimum use of air conditioners, temperature-sensitive inventories, warehouse space, and the electricity.
The Benefits of having a Cloud ERP:
The Cloud ERP systems are the advanced versions of the ERP systems having remotely located servers. They benefit the warehouse management processes of any company in multiple ways. It helps the companies in:
•Managing their inventory on a real-time basis.
•The order time is reduced due to the elimination of order tracking and shipment delay.
•The complex order processes such as shipment status, scheduling period, approval workflow, etc. are optimized.
•Since the cloud ERP gives real-time data, expenses on the supply and distribution helps us in understanding the exact cost of the operation.
•The real-time visibility into the inventory, current pricing, and the shipment details helps us in utilizing the sales process in an effective way.
•The cloud ERP helps us in tightening the supply chain management between the end nodes such as manufacturing units or the logistic process (In case of 3PLs)
•Elimination of the manual process, automated data entry processes, 360° view of the current inventory helps us in managing the warehouses with their fullest caliber.
The Oracle NetSuite Cloud ERP is well known for its powerful AI and business intelligence, it helps the companies in optimizing their repetitive manual processes, enhanced visibility, and the real-time projections of the profits. Having the potential to scale up significantly NetSuite guides the companies in their growing stage, also we can operate multiple warehouses which are present in different locations and track the current inventory across each location, in the real-time. The integration capabilities with other applications, data security, and flexibility to operate from any location make the NetSuite as a true Cloud ERP.
To understand how Oracle NetSuite Cloud ERP can benefits you in the warehousing and the fulfillment processes of your business, feel free to reach us at:
Website: http://saturotech.com/
Email ID: sales@saturotech.com
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You may also be interested in reading this:
What is ERP? (https://saturotech.com/what-is-erp.php)
The Best ERP Software (https://saturotech.com/best-erp-software.php)
Oracle NetSuite Cloud ERP (https://saturotech.com/oracle-netsuite-cloud-erp.php)