2022's Best Warehouse Management software for SMEs | TranZact

Jun 14, 2022 in Inventory Management

6 MIN READ

2022s-best-warehouse-management-software-for-smes

The manufacturers and distributors require software that helps them organize their products from scratch to the finishing touch before final shipment. Most businesses have warehouses where they stock and store their products. The products are generally picked from a vendor, transported to the warehouse, stored, and at some point. Then they will be returned to a different type of seller, also known as a drop shipper or fulfillment center.

Some of the warehouse management tasks handled by these warehouses are inventory tracking, picking and packing, warehouse management, quality control, etc. Nowadays, businesses use multiple warehouses to store their inventory spread across different locations making managing inventories even more difficult.

Warehouse

Warehouse Management is also known as WMS (Warehouse Management System) as it gives tools and techniques to improve the accuracy of inventory management. Warehouse managers buy warehouse management software intending to make life easier. But they are often confused about what is better to choose as a warehouse management solution.

There is no single best way to manage your inventory and run your operation. It depends on many factors including the number of users you have, the size of your product line or catalog, your business goals, budget, and industry type.

Read more - What is Warehouse Management? - Ultimate Guide for SMEs

Below is a list of the best warehouse management software, as per industry experts and users' reviews.

List of Best Warehouse Management Software solutions.

1. Odoo.

Odoo warehouse management software

In terms of sales and warehouse inventory management applications, Odoo serves as a one-stop-shop. Odoo warehouse software provides the best solutions in terms of revenue and websites by utilizing productive tools. For automated replenishment of your supply chain, this warehouse management software uses order points and automated RFQs.

Read more - A Complete Guide to RFQs for SMEs.

Odoo provides a full array of 1st party apps and tools to make users' lives easier and more pleasant. Third-party integrations can, however, be connected using Zapier for those who choose.

Pros:

  1. Users can access a comprehensive range of first-party apps and tools.

  2. Zapier allows for third-party integrations.

  3. There is a free basic plan available for one app or module.

Cons:

  1. Odoo's customization process is complicated.

  2. Users may find it challenging to merge their day-to-day project management and other accounting tools into this program due to a lack of third-party integration options.

2. SAP Warehouse Management Software (WMS).

SAP Warehouse management software

SAP is the global market leader in ERP Software solutions, with more than 40 years of expertise. It is industry-recognized software that provides both cloud-based and on-premise software, making it the best solution for major organizations.

The SAP Warehouse Management System (WMS) is a warehouse management system developed to manage high-volume warehouse operations. SAP WMS comes with all of the tools you'll need to integrate complicated supply chains, logistics, and distribution processes. Its goal is to simplify and streamline company processes including multi-channel fulfillment, cross-docking, and distribution.

Pros:

  1. SAP WMS is offered in both cloud and on-premises deployment options.

  2. Supply chain and inventory management with several aspects are available.

  3. Reporting in real-time.

  4. Capacity to oversee the entire warehouse.

  5. Control of internal processes and storage.

  6. Analytics assistance across multiple departments.

Cons:

  1. SAP WMS is an extremely expensive software solution, with both high upfront and ongoing costs.

  2. The system is mainly appropriate for large companies that have high volume transactions and can engage trained users to operate it because it is quite complicated for inexperienced users to understand.

  3. Because of its complexity, SAP takes a long time to implement in an organization.

3. Oracle Netsuite Warehouse Management Software (WMS).

Oracle Netsuite Warehouse management software

Oracle's Netsuite WMS is the appropriate warehouse management software for organizations that deal with perishable goods. It combines shelf-life and expiration tracking to ensure that products reach consumers while still fresh.

Oracle's NetSuite, a cloud-based warehouse management system, combines a variety of features into a single, easy-to-use solution. Its revolutionary tool package combines cash flow, financial, inventory, payroll, and other functions into a single platform, allowing users complete control over their organization.

Netsuite WMS can also be used to manage RFID-enabled distribution channels. It allows your company to customize warehouse activities and take advantage of features, like real-time inventory updates, and direct shipping-system connectivity. It can also work with a variety of third-party applications.

Pros:

  1. Inventory management, order management, and e-commerce marketing are all in one place.

  2. Allows you to define product selection and putaway strategies, as well as order management and processing for several channels.

  3. A single platform supports both B2C and B2B e-Commerce applications.

  4. Excellent scalability choices to meet your company's demands.

  5. Easy-to-use drag-and-drop tools for maximum ease.

Cons:

  1. Oracle Netsuite WMS software is only useful for large organizations that work in numerous verticals or in multiple locations.

  2. Even though it has the lowest upfront cost among Tier 1 ERP software packages, the product's operating and license charges are prohibitively expensive for SMEs.

4. TranZact.

TranZact Warehouse management software

TranZact is a zero-effort digital transformation and inventory management tool that digitizes the entire business process right from sales inquiry to dispatch. TranZact offers a Multiple Warehouse Management module that helps SMEs and manufacturing businesses in managing their regional and local distribution centers by creating and managing multiple warehouses.

It offers businesses a tool that can help streamline their whole business workflows. And accordingly, manage the procurement and production process from RFQ management to quality check of goods received in the warehouse.

Pros:

  1. TranZact offers a combined solution like SAP and Oracle Netsuite to businesses by assisting them in Inventory Management, Warehouse Management, Production and Procurement management, and Order Management.

  2. With TranZact BI Dashboarding and Reporting tools, business owners and senior management may effortlessly track inventory in real-time. Further, acquire crucial business insights that will help them make better data-driven decisions.

  3. TranZact offers its tool on a Freemium basis and is best suited for small and medium businesses and manufacturing businesses.

  4. It is very easy to use and provides 3rd party API integration facility. Also, for your accounting needs, it offers integration with the Tally Prime software solution.

Cons:

  1. TranZact is ideal for SMEs, however, it is not recommended for big corporations that operate across multiple sectors. It is always evolving and will be useful in the future for large enterprises as well.

Read more - The Ultimate Guide to Stores & Inventory Management

Conclusion.

In general, the main benefits warehousing software offer over traditional methods is increased efficiency and accuracy. Warehouses can operate more quickly and efficiently when their managers have access to the data they need to make smart decisions. Also, businesses realize substantial savings because a scalable warehouse management system frees workers up to concentrate on tasks that computers can't do.

How can you choose the best warehouse management software for you when there are so many options? Transportation and inventory management, as well as supply chain management, are all aspects of warehouse management.

While dealing with all of these issues can be difficult, warehouse management software offers a one-stop solution that handles all of your concerns. However, you must select the best solution for you.

Because each warehouse management system has something unique to offer, it's critical to understand their capabilities and features so you can assess whether they match your needs or not.


TraZact

TranZact is a team of IIT & IIM graduates who have developed a GST compliant, cloud-based, inventory management software for SME manufacturers. It digitizes your entire business operations, right from customer inquiry to dispatch. This also streamlines your Inventory, Purchase, Sales & Quotation management processes in a hassle-free user-friendly manner. The software is free to signup and gets implemented within a week.