What if the future of warehousing operations wasn't a single warehouse management system (WMS), but rather an integrated ecosystem of technology and strategic partnerships with the customer at the core.
Right now, this much is clear - maintaining the status quo in fulfillment isn't working for many product businesses. Why? Traditionally, warehouses planned and executed to timelines days or weeks in the future. With today's compressed delivery windows, everything from entering orders to getting shipments out the door must be optimized, and most businesses are struggling.
The inability to solve for something as basic as inventory availability during the pandemic led to major impacts. For example, retailers failed to realize 7.4% of sales due to out-of-stock items in 2021, which cost them a staggering $82 billion. Additionally, inventory missteps - like overbuying, buying incorrect products, or misallocating inventory - account for an estimated 53% of unplanning markdown costs.
To solve inefficiencies, organizations need more than a standard WMS. They need a technology-enabled strategy to integrate disparate systems, optimizing efficiency and meeting evolving needs. This approach fosters innovation, promotes sustainable practices, and encourages adaptive resilience within the ecosystem.
Is your current system agile enough to keep up with the pace of change, or could a nimble WMS with modular capabilities be the right fit for your business? Download the whitepaper to learn more.