Use of inventory management systems in warehouse management

Inventory management systems are designed to maintain your stock levels at an optimum and to make the process of inventory management efficient. The warehouse is the place where goods are in transit during a purchase or a sales process. Inventory systems are designed to handle work processes that deal with where inventory is placed in a warehouse, the location of the warehouse, stock of a particular item inventory in the warehouse and so on.An inventory management system that incorporates warehouse management functionality can carry out processes such as transaction processing, work-in-progress (WIP) and other manufacturing operations. It can interact with material handling equipment such as horizontal and vertical carousels, conveyors, sortation, and pick to light systems, AS/RS, mini-load, cranes and so on. It’s has capabilities to perform both warehouse related inbound and outbound processing gives the user a system that comes "full circle" in it’s warehouse management capabilities. The system can be designed to recognize each warehouse with its own unique 'topography', including unlimited locations and depth. Through the system warehouses can be interconnected and also in turn connected to the system. This way it can support warehouse-to-warehouse and intra-warehouse transfers. This means any stock transfer is noted and tracked till it is placed in the required area of the warehouse. When items are received, the system uses a barcode scanner to update the product list of received items. It will automatically create and save put-away documents upon receipt of goods into the warehouse. Inventory system that carry out warehouse management operations include features that automate filling in of requisitions or purchase orders, tracking inventory through their serial, lot, location and expiry date. It can carry out a complete audit trail of every stock movement and cycle counting by item, location, warehouse, zone or any other criteria. The system can give views and reports to it’s user on the inventory levels in the warehouse, status of inventory, orders and receipts in the system.In choosing an inventory management system with warehousing capabilities ensure to choose one that is capable of expanding as your business grows. With a changing business environment, it should be possible for you to add-on new features to the inventory management system, by just putting in additional modules to carry out the new functions, rather than for you to go in for a new system each item there is a change in work patterns.

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