The cloud is more than just a buzzword. With more than 75% of all companies using cloud solutions, it’s a way of doing business that is here to stay. Why are companies gravitating towards the cloud?
- 82% of companies using cloud solutions report saving money over previous solutions. [source]
- 80% of companies using cloud solutions report marked improvement in operations within 6 months of adoption. [source]
- Companies using cloud solutions report 2x higher revenue growth and 2.5x higher gross profit growth than companies not using the cloud. [source]
With stats like that, you’d think everybody in your industry was jumping to the cloud, right? Not really. Only 8% of warehouse management system users are currently utilizing the cloud. That leaves a huge opening for companies to jump out in front of the competition.
You may be inundated with offers and information from the tradeshow, but here are the five things to look out for most when buying the perfect cloud-based warehouse management system for you.
Don’t get tricked into thinking that just because something is in the cloud, that it’s better. Some companies don’t port true warehouse management systems into the cloud, and instead just provide a barebones system. A cloud-based WMS should have identical, if not more, functionality to a traditional WMS. The possibilities in the cloud are limitless, so you should definitely see an enhanced experience over your traditional WMS. Cloud-based warehouse management systems also have minimal startup fees and much lower monthly operating costs than a traditional WMS. You will not need to get CAPEX approval and the licenses come at low costs with discounts often available based on total users.
Your new cloud-based warehouse management system should be up and running in a matter of days or hours, as opposed to the weeks or months a traditional WMS could take. It can take an obscene number of man-hours for the custom coding and development required to connect components to a traditional WMS. A cloud-based WMS can do the same data integration in a matter of minutes, connecting seamlessly with every other application (like QuickBooks or Oracle) that your company uses. It’s a quick, non-disruptive, and downright pleasant process.
With how quickly technology advances in today’s world, you can no longer afford the endless updates and customizations a traditional, proprietary WMS will see over its typical lifespan of ten years. A cloud-based WMS can seamlessly change with your supply-chain.
You’re keeping meticulous track of your supply chain so that it can help inform your decision making. Don’t let sub-par and dated reporting get in your way. Your cloud-based WMS should allow you to make the correct business decision right when an issue or opportunity arises.
More than text or code, your WMS should be able to display images, videos, and interactive data charts on the fly to keep you informed. The design shouldn’t just be pretty though, it needs to be functional so that anybody, no matter how tech-savvy they are, is able to make informed and efficient decisions from the data. You need access to your data right now, not twenty mouse clicks and ten minutes from now.
Discover the power of the irms|360 Cloud Warehouse Management Solution in this quick 30-minute tour.
irms|360 provides real-time visibility and control over your operations to drive efficiencies and reduce costs in your warehouse.
During this 30-minute demonstration, you’ll see key functionality, including:
- Order management: intelligently monitor, sort and allocate work for maximum productivity
- Order picking: streamline order picking and determine the optimal pick sequence
- Packing and shipping: automate and streamline your packing and shipping process