Top 54 WMS Software (Dec 2022)

2023's Best 55 WMS Systems

Shlomi LaviShlomi Lavi / Dec 26, 2022

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1. Epicor WMS

  • Best for: Small, medium and large size businesses
  • Price: starts at $55 per user/month
  • Dec 26, 2022
Compare Epicor WMS Vs. Epicor WMS

Kinetic WMS is a cloud-based and on premise enterprise resource management system that incorporates warehouse management & supply chain management tools.


2. SalesBinder

  • Best for: Small, medium and large size businesses
  • Price: starts at $9 per user/month
  • Mar 12, 2022
Compare SalesBinder Vs. Epicor WMS

SalesBinder is a cloud-based inventory management software which is used to bring simple and efficient solutions to a business in stocks management across single and multiple stores. SalesBinder organizes invoices, suppliers, customers, sales leads, purchase orders, as well as estimates.


3. Chronos eStockCard Inventory Software

  • Best for: Start up, Small business, Medium business, Large business
  • Price: starts at $699 per license
  • Mar 11, 2022
Compare Chronos eStockCard Inventory Software Vs. Epicor WMS

Chronos eStockCard is an on-premise Inventory control software that helps its users to manage their inventory accuracy, reduce holding, shelflife, alert abnormality, as well as track products in details.


4. Smartbol Enterprise

  • Best for: Start up, Small business, Medium business, Large business
  • Price: starts at $39 per license
  • Mar 12, 2022
Compare Smartbol Enterprise Vs. Epicor WMS

SmartBOL Enterprise is an on-premise enterprise resource planning/ warehouse management system for businesses of every size. It is a shipping documentation software for ERP with ODBC Database. SmartBOL Enterprise core features include document management, planning, electronic signature management, a...


5. Passport Inventory

  • Best for: Small, medium and large size businesses
  • Price: starts at $45 per user/year
  • Mar 13, 2022
Compare Passport Inventory Vs. Epicor WMS

Passport Inventory software is an inventory management solution that offers both on-premise and cloud-hosted solutions. In addition, this software helps its users to control and manage the shipping & receiving processes in an organization.


6. IntelliTrack StratusVMI

  • Best for: Small, medium and large size businesses
  • Price: starts at $75 per user/month
  • Aug 26, 2022
Compare IntelliTrack StratusVMI Vs. Epicor WMS

IntelliTrack StratusVMI is a cloud-based inventory management software for small, medium, and large businesses. Its key features such as global accessibility, inventory management, bar code technology, and detailed reporting help operation managers keep their warehouse meet the demands of their cust...


7. MobiWork MWS

  • Best for: Small, medium and large size businesses
  • Price: starts at $39 per user/month
  • Mar 02, 2022
Compare MobiWork MWS Vs. Epicor WMS

MobiWork MWS is an end-to-end field service software solution designed for employees in the office, those on the field, and customers.


8. TopShelf

  • Best for: Small, medium and large size businesses
  • Price: starts at $90 per user/month
  • Mar 18, 2022
Compare TopShelf Vs. Epicor WMS

TopShelf is an online Inventory management software built for developers to carry out activities on windows services.


9. SAP Inventory Management

  • Best for: Start up, Small business, Medium business, Large business
  • Price:
  • Mar 18, 2022
Compare SAP Inventory Management Vs. Epicor WMS

SAP is an online Inventory management software designed to tackle organizational challenges, build tools for growth, create better customer experiences/connection, and discover ways to accomplish routines to run an organization smoothly to achieve positive gains.


10. 3PLink WMS

  • Best for: SMBs
  • Price: starts at $250 per user/month
  • Apr 08, 2022
Compare 3PLink WMS Vs. Epicor WMS

Excalibur WMS is an inventory and warehouse management solution for small and medium third-party logistics or 3PL. Its key features include barcoding/RFID, CRM, 3PL management, cross-docking, inventory, shipping, supplier, and fleet management.


Pricing Guide - WMS Software:

Inventory Management Software Price Range

Inventory management software in the market has different pricing; hence, they can be divided into three tiers, starting from the range of $10 to $50, to the more common range of $50 to $150, and the range of $150 to $250+. These prices are set using different methods, some of which are per inventory, per stocking location, per machine, and per user. Regardless of the pricing method, inventory management software is usually billed per month or per year. For example, RunIT Real-time Cloud pricing starts from $258 per month, ParagonERP costs up to $150 per user monthly, and Inflow Inventory pricing sits around $71 monthly for two user accounts.

In addition to this, inventory management software is also priced based on the size of businesses they are targeting. For instance:

  • Small Businesses can expect to pay between $8 to around $50 for an inventory management software, depending on the number of features on the chosen product. For example, Shipstation pricing is at $9 per month, Sortly costs around $39 per month, and eTurns costs up to $40 per month. Also, some products, such as Sortly, have free offerings for small businesses.
  • Medium Businesses can expect to pay prices that fall between $50 and $150 for an Inventory Management software. However, the number of inventories, locations, users, etc., can also influence the software price. For example, Finale Inventory pricing starts from $99 per month, BoxStorm costs around $79 per month, while ParagonERP pricing is priced around $150 per month. Also, some products for medium businesses have one-time fees for perpetual licenses. An example is Acctivate Inventory which costs $5,000 for life-time usage.
  • Large Businesses can expect to pay from $200 upwards for an inventory management software. For example, ShipHero pricing starts from $1,850 per month, RUnit Real-time Cloud from $258 per month, and InfoPlus costs up to $685 per month. However, some vendors may request separate fees for installation and onboarding, depending on the size of the organization.

Inventory management software best of breeds, and their price ranges are as follows:

  • Barcoding Software The prices for barcoding software in the market can be divided into two tiers, starting from $20 to $50, and then $50 to $200. The prices are usually set per user or per assets, depending on the type of package. Billings are usually fixed monthly or yearly. For instance, eCount ERP pricing starts from $55 per month, Zangerine costs up to $199 per user monthly, and EZO Office Inventory pricing starts from $35 per month. Perpetual license can also be bought for some software like Asset Tracking Barcode System which is priced at $995.
  • Inventory Control Scheme Inventory control scheme products can be divided into three tiers, and their price ranges are $20 to $40, $40 to $80, and $80 above. The prices are either set per user, per month or per a number of set inventories per month. For example, MarginPoint Mobile Inventory starts from $89 per month, Arbimed Inventory from $100 per month, and MarketPlace Works from $49 monthly and $249 monthly for premium users.
  • Order Management Software The price ranges for order management software are $20 to $50, $50 to $100, and $100 above. The pricing for order management products are set on per order, per month or per user, per month basis. For example, Orderwerks pricing starts from $100 per month for a number of orders, InsiTV costs up to $25 per user monthly, and Caspio pricing starts from $125 per month.
  • Catalogue Management Software Most catalogue management products in the market are set on a per-user/per-month basis, and the prices range, depending on the package level, are $19 to $48, $48 to $100, and $100 above. For instance, FileStage costs around $99 per month, while Channable starts from around $39 per month based on the size of the project. Additionally, Snappi pricing starts from $20 per month or $0.99 per app usage.
  • Order Entry Software Most order entries in the market have pricing that fall between $26 to $50, and they are usually set on per user, per month or per order, per month basis. However, this is the price range for standard or entry-level offerings; more premium offerings range from $100 to $250 per month. For instance, Handshake costs $39 per user, per month, Blendzi $200 per month, and Handshake $40 per user, per month.

11. RFgen Inventory

  • Best for: Small, medium and large size businesses
  • Price:
  • Apr 30, 2022
Compare RFgen Inventory Vs. Epicor WMS

RFgen Inventory is a cloud-based inventory management software that enables its users to manage supplier onboarding and overhaul their manual data collection process.


12. DEAR Inventory

  • Best for: Small businesses and start ups
  • Price: starts at $325 per month
  • May 18, 2022
Compare DEAR Inventory Vs. Epicor WMS

DEAR Inventory is a cloud-based inventory and order management that offers complete back-end management. DEAR Inventory aims at helping the small business as well as medium business to streamline and simplify the daily operations by automating inventory and order management.


13. IMS telecom OSS

  • Best for: Small, medium and large size businesses
  • Price:
  • Jun 03, 2022
Compare IMS telecom OSS Vs. Epicor WMS

IMS Telecom OSS is a cloud-based inventory management solution designed by VC4 to offer functionalities of registering and managing telecommunications platforms and network. Some of the core IMS specifications include network topology, network equipment, and telecom workflow management solution and ...


14. Savant WMS

  • Best for: Small, medium and large size businesses
  • Price: starts at $50 per user/month
  • Jun 10, 2022
Compare Savant WMS Vs. Epicor WMS

Savant WMS is both a cloud-based and on-premise warehouse management as well as supply chain solution for the distribution and manufacturing companies.


15. VendSoft

  • Best for: Small, medium and large size businesses
  • Price: starts at $19.99 per 2 users/month
  • Jun 22, 2022
Compare VendSoft Vs. Epicor WMS

VendSoft is cloud-based vending machine management software with a complete inventory control module. The platform supports dynamic dispatching and scheduling.


16. ABC Inventory Software

  • Best for: Start up, Small business, Medium business
  • Price: starts at $435 per license
  • Sep 16, 2022
Compare ABC Inventory Software Vs. Epicor WMS

ABC Inventory Software is an on-premise inventory management software that is designed to help businesses in managing their inventory regardless of the size. ABC Inventory Software can be used in companies of all sizes, starting from small-sized companies, medium-sized companies, and large enterpris...


17. RestockPro

  • Best for: Small, medium and large size businesses
  • Price: starts at $99.99 per user/month
  • Oct 18, 2022
Compare RestockPro Vs. Epicor WMS

RestockPro is a cloud-based inventory management software that converts your FDA data into inventory intelligence after capturing it so that you can view expected margins, competitive listings, and sales velocity.


18. WMS Software

  • Best for: Small, medium and large size businesses
  • Price: starts at $167 per user/month
  • Oct 12, 2022
Compare WMS Software Vs. Epicor WMS

Kare Visual Warehouse WMS is both a cloud-based as well as on-premise warehouse management system that is designed to assist in managing workflow and inventory from receipt to shipment.


19. Inventory Tracker Plus

  • Best for: Start up, Small business
  • Price: starts at $199 per license
  • Apr 18, 2022
Compare Inventory Tracker Plus Vs. Epicor WMS

Inventory Tracker Plus is a cloud-based accounting and finance solution that is designed for businesses of all sizes starting from small-sized businesses, medium-sized businesses, and large enterprises.


20. HandiFox Inventory

  • Best for: Small businesses and start ups
  • Price: starts at $39 per month
  • May 14, 2022
Compare HandiFox Inventory Vs. Epicor WMS

Handifox Inventory software is a cloud-based and on-premise mobile inventory control system built for small-midsize businesses that are inventory-based. The solution is also available on Android devices and supports Windows 7, Windows XP, Windows 8, Windows 2000, Windows Vista, and Windows 10 operat...


21. Logimax

  • Best for: Small, medium and large size businesses
  • Price:
  • Nov 04, 2022
Compare Logimax Vs. Epicor WMS

Logimax is a warehouse management system that leverages the strength of the IBMi platform. The solution is browser-based and can be installed on premise or in the cloud. It can also integrate with the company’s existing systems like ERP, EDI, TMS and more. Logimax offers a warehouse management f...


22. Collaborative Supply Portal

  • Best for: Small, medium and large size businesses
  • Price:
  • May 14, 2022
Compare Collaborative Supply Portal Vs. Epicor WMS

Collaborative Supply Portal (Ultriva software) is an inventory management software designed to streamline the processes involved in supply chain, using its embedded supplier collaboration and supply chain visibility modules.


23. Clearly Inventory

  • Best for: SMBs
  • Price: starts at $19.99 per month
  • May 17, 2022
Compare Clearly Inventory Vs. Epicor WMS

Clearly Inventory is a cloud-based inventory system made to serve small businesses and organizations. The software features multiple locations and user permission. Clearly Inventory is barcode friendly meaning that you can utilize a barcode scanner in the same way you will use a human device interfa...


24. CyberStockroom

  • Best for: Small, medium and large size businesses
  • Price: starts at $99 per month
  • May 17, 2022
Compare CyberStockroom Vs. Epicor WMS

CyberStockroom is an inventory management software designed for businesses to track and manage inventory processes and get a view of their businesses, x-ray inventory products, and items content.


25. IBS Enterprise

  • Best for: Medium and large size businesses
  • Price:
  • May 17, 2022
Compare IBS Enterprise Vs. Epicor WMS

IBS Enterprise is a web-based resource management software that can help you to make supply chain processes automated and accelerate it greatly. The success of any business depends on complete control over inventory, good accounting system, e-commerce system and CRM and this resource management solu...


26. Royal 4 WISE

  • Best for: Small, medium and large size businesses
  • Price:
  • May 17, 2022
Compare Royal 4 WISE Vs. Epicor WMS

Royal 4 Wise is a warehouse management software that is ready to offer a complete warehouse management solution to those who are looking for a vigorous WMS system. The software can be customized according to the needs of each business and the rules can be also defined by users. This flexible solutio...


27. Acctivate Inventory Software

  • Best for: Small businesses and start ups
  • Price: starts at $7,995 per license
  • May 25, 2022
Compare Acctivate Inventory Software Vs. Epicor WMS

Acctivate Inventory Software for QuickBooks® helps manage all phases of business in real-time with features for warehousing, order fulfillment, purchasing, landed cost, traceability & more.


28. ERP123

  • Best for: Small businesses and start ups
  • Price: starts at $150 per month
  • Jun 16, 2022
Compare ERP123 Vs. Epicor WMS

ERP123 is an enterprise resource planning software that is ready to offer the “optimum business solution” for your company. The software comes with an innovative approach which can reduce cost and risk by providing flexible and easy-to-use solutions. The software is based on a latest technology with...


29. Wireless Warehouse in a Box

  • Best for: SMBs
  • Price: starts at $50,000 per license
  • Jun 18, 2022
Compare Wireless Warehouse in a Box Vs. Epicor WMS

Wireless Warehouse in a Box is a warehouse management solution for businesses of all sizes. It offers such services as capacity planning, inventory management, quality control, and others. The software was developed and released by Systems Logic headquartered in Ontario, Canada.


30. Netstock qPic Plus

  • Best for: Small, medium and large size businesses
  • Price: starts at $399 per user/month
  • Jun 30, 2022
Compare Netstock qPic Plus Vs. Epicor WMS

Netstock qPic Plus is a carousel inventory management software for inventory managers to manage all stock and warehouse activities, increase order throughput, manage store updates, and manage order inventory.


31. JDA software

  • Best for: Small, medium and large size businesses
  • Price:
  • Dec 18, 2022
Compare JDA software Vs. Epicor WMS

JDA software is a supply chain and inventory management software solution for your business. The software was designed by JDA Software Group, Inc., headquartered in Arizona, United States. It incorporates planning, management, and accounting services to streamline the supply chain of a business. 


32. LogFire Cloud-based Solutions

  • Best for: Small, medium and large size businesses
  • Price: starts at $200 per month
  • Dec 18, 2022
Compare LogFire Cloud-based Solutions Vs. Epicor WMS

LogFire is a web based inventory and warehouse management solution for businesses of all sizes. It offers such capabilities as 3PL management, category customization, quality control, and others. The software was designed and launched by LogFire Inc headquartered in Georgia, United States.


33. Fusion RMS

  • Best for: SMBs
  • Price: starts at $399 per user/month
  • Jul 04, 2022
Compare Fusion RMS Vs. Epicor WMS

FusionRMS is a retail system management solution for businesses of all sizes. Its components include POS management, warehouse management, accounting, and specialty applications. The software was designed and launched by FusionRMS headquartered in Wisconsin, United States.


34. 3PL Warehouse Manager

  • Best for: Small, medium and large size businesses
  • Price: starts at $625 per license
  • Jul 04, 2022
Compare 3PL Warehouse Manager Vs. Epicor WMS

3PL warehouse manager software is a cloud-hosted warehouse management system that is ideal for small and midsize businesses. The system is designed to assist third-party logistics companies in managing multiple customers, billing schedules and processes.


35. My Inventory Online

  • Best for: Small, medium and large size businesses
  • Price: starts at $19 per 2 users/month
  • Jul 09, 2022
Compare My Inventory Online Vs. Epicor WMS

My Inventory Online software is a web-based inventory & order management solution that targets small or medium-sized businesses. My Inventory Online helps firms to manage their inventory, customers, orders, suppliers, and more. Users can access their data from anywhere at any time due to its cloud f...


36. e-PIC One Enterprise

  • Best for: Start up, Small business, Medium business
  • Price: starts at $1,000 per license
  • Jul 15, 2022
Compare e-PIC One Enterprise Vs. Epicor WMS

e-PIC One Enterprise is a web-based ERP program designed for manufacturers, distributors, fabricators, franchise business and suppliers. It could operate on your web browser, desktop and mobile device. It is filled with features that manage the entire order process from quoting to invoicing. It also...


37. Orderbot

  • Best for: Small businesses and start ups
  • Price:
  • Jul 23, 2022
Compare Orderbot Vs. Epicor WMS

Orderbot is an integrated cloud-based order and inventory management solution that provides customer relationship management, sales reporting, B2B e-commerce platform, and user purchasing management functionalities.


38. Snapfulfil

  • Best for: SMBs
  • Price: starts at $4,000 per month
  • Jul 16, 2022
Compare Snapfulfil Vs. Epicor WMS

Snapfulfil is a cloud-based warehouse management system that offers a complete WMS solution with required Barcode/RF scanning equipment and refined functionality. The software can be deployed in cloud-based or Software as a Service (SaaS) model for easy access by all users. Snapfulfil can improve pi...


39. Vanguard Inventory Optimization

  • Best for: Small, medium and large size businesses
  • Price:
  • Jul 23, 2022
Compare Vanguard Inventory Optimization Vs. Epicor WMS

Vanguard Inventory Optimization is an inventory management software designed to help organizations reduce risks by generating forecasts and decisions, automate supply chain planning, improve team collaborations, and instigate unified decision-making.


40. MRP Manager

  • Best for: Small, medium and large size businesses
  • Price: starts at $399 per license
  • May 08, 2022
Compare MRP Manager Vs. Epicor WMS

MRP Manager is an on-premise materials requirements planning (MRP) and inventory control solution designed for custom manufacturers and engineering small and midsize businesses across multiple industry verticals. The solution core features include inventory control, work order management and invoici...


41. Synapse

  • Best for: SMBs
  • Price: starts at $12,000 per year
  • Jul 28, 2022
Compare Synapse Vs. Epicor WMS

Synapse is a warehouse management solution for businesses of all sizes. It offers such services as inventory management, receiving management, shipping management, and others. The software was designed and launched by Zethcon Corporation headquartered in Illinois, United States.


42. Dynamic Inventory

  • Best for: Small businesses and start ups
  • Price: starts at $175 per 2 users/month
  • Aug 06, 2022
Compare Dynamic Inventory Vs. Epicor WMS

Dynamic Inventory is an inventory management software that enables businesses to track product life cycles and inventory. The software scans and edits barcodes, automatically adjust stock levels by creating sales orders, keeps up with sales orders and customers, and continually tracks user actions.


43. ECi Maytech

  • Best for: Small, medium and large size businesses
  • Price:
  • Aug 01, 2022
Compare ECi Maytech Vs. Epicor WMS

ECiMaytechis a distribution software specifically designed for Jan/San and industrial paper distributors. The business management system is platform-independent and is compatible with Mac, Windows, Unix and Linux. Users can use this software to automate all their back office operations starting from...


44. AptaFund

  • Best for: Medium and large size businesses
  • Price:
  • Aug 05, 2022
Compare AptaFund Vs. Epicor WMS

AptaFund is a fast growing cloud-based Accounting-Finance software, it is designed to support medium and large size business. AptaFund received a rating of 3.6 from ITQlick team. The software cost is considered affordable (2.3/5) when compared to alternative solutions.


45. Vin eRetail WMS

  • Best for: Small, medium and large size businesses
  • Price: Has a free version
  • Aug 06, 2022
Compare Vin eRetail WMS Vs. Epicor WMS

Vin eRetail WMS is an omnichannel retailing software developed for businesses to manage sales across various channels. The software uses its CMS tools to resolve marketplace listing challenges and product information upload and boost retailers presence on online and offline platforms.


46. proVision Warehouse Management

  • Best for: Small, medium and large size businesses
  • Price:
  • Aug 05, 2022
Compare proVision Warehouse Management Vs. Epicor WMS

proVision is a warehouse management solution for businesses of all sizes. It offers such capabilities as logistics control, event messaging, report generation, and others. The software was designed and launched by Ahearn & Soper Inc headquartered in Ontario, Canada.


47. Barcode Label Generator

  • Best for: Start up, Small business
  • Price: starts at $50 per user/month
  • Sep 16, 2022
Compare Barcode Label Generator Vs. Epicor WMS

Barcode Label Generator software is an inventory management and barcoding software that enables businesses to print barcodes and labels. The software also allows them to design pre-printed labels, scan barcodes, track assets, and monitor inventory operations.


48. Flowtrac

  • Best for: SMBs
  • Price: starts at $100 per user/month
  • Sep 28, 2022
Compare Flowtrac Vs. Epicor WMS

FlowTrac is an on-premise and cloud-based warehouse management solution that is designed to help businesses manage assets, inventory, and warehouse. Designed by Flowtrac, it offers customizations to enable businesses to custom the platform to suit their key needs.


49. MBS Warehouse Management Software

  • Best for: SMBs
  • Price:
  • Oct 07, 2022
Compare MBS Warehouse Management Software Vs. Epicor WMS

MBS Warehouse Management Software is a warehouse management solution for businesses of all sizes. It offers such capabilities as shipment management, inventory control, custom reporting, and others. The software was designed and launched by Mariner Business Solutions headquartered in Colorado, Unite...


50. Cadence Warehouse Management

  • Best for: SMBs
  • Price: starts at $65,000 per license
  • Oct 03, 2022
Compare Cadence Warehouse Management Vs. Epicor WMS

Cadence Warehouse Management is a warehouse management software that can provide a complete solution for fulfilling order management and multiple shipping difficulties. It’s versatility, real-time features and RF based WMS system helps you to complete all the operation more productively and flexibl...


51. ViewPoint Logistics

  • Best for: Small, medium and large size businesses
  • Price: starts at $1,500 per month
  • Oct 05, 2022
Compare ViewPoint Logistics Vs. Epicor WMS

ViewPoint Logistics is a warehouse management solution for businesses of all sizes. It offers such capabilities as inventory management, order management, transport management, and others. The software was designed and launched by MAVES International Software Corp headquartered in Ontario, Canada. ...


52. RetailOps

  • Best for: Small, medium and large size businesses
  • Price: starts at $2,500 per license
  • Oct 19, 2022
Compare RetailOps Vs. Epicor WMS

RetailOps is a leading cloud-based Inventory Management software, it is designed to support small, medium and large size business. RetailOps received a rating of 4.7 from ITQlick team. The software cost is considered affordable (2.4/5) when compared to alternative solutions.


53. Sphere WMS

  • Best for: Small, medium and large size businesses
  • Price:
  • Oct 03, 2022
Compare Sphere WMS Vs. Epicor WMS

Sphere WMS is a cloud-based warehouse management system that is designed to streamline workflow and processes at an operational level within warehouses and 3PL’s. The software has an integrated inventory management functionality which provides real-time information regarding the inventory items with...


54. CartonLogic

  • Best for: Small businesses and start ups
  • Price: starts at $430 per month
  • Mar 08, 2022
Compare CartonLogic Vs. Epicor WMS

CartonLogic is a web-based warehouse and inventory management software designed for 3PL service providers. The WMS and inventory management system is highly flexible and offers on-demand deployment option for users. The solution comes with event management, order fulfillment, supplier management, VM...



A Buyer's Guide to WMS Solutions

Warehouse Inventory System Buyer’s Guide
 
If Sales and Marketing group is in the frontline of operation of most businesses, at the backend is the Warehouse and Inventory team. Warehouse management is an aspect of logistics and supply chain management and its role in every business is to control the movement and storage of materials within a warehouse and process the associated transactions, including shipping, receiving, putaway and picking. Every warehouse is different from another. Perhaps, a warehouse is a planned space for the storage and handling of goods and materials of different shapes, sizes and weights. In many industrial zones, warehouses are operating 24/7.
 
Warehousing and inventory always go together. Inventory management’s function is to track inventory levels, orders, sales and deliveries. A Warehouse Management System (WMS), on the other hand, is a technology consisting of tools that managers and supervisors need in analyzing the stock and creating plans for inventory movement and replenishment. In this Buyer’s Guide, we from ITQlick.com will provide you more information about this automation technology for warehousing and inventory management. New technology trends such as radio-frequency identification and mobile computing will also be discussed in this buyer’s guide as part of our objective to better assist you in finding the right WMS solution for your business.
 
Types
In today’s market situation, a buyer like you who’s looking for a WMS solution might encounter a little bit of confusion when it comes to selecting the right software package for your business. This is because of the overlapping functionalities between Warehouse Management Systems, Enterprise Resource Planning, Distribution Requirements Planning, Transportation Management Systems, Supply Chain Planning, Advanced Planning and Scheduling, and Manufacturing Execution Systems. But we do not want you to arrive on that situation because we are certain that there is a lot differences among these software solutions when it comes to functionality, features, and most of all, areas of application.
It is important to know that WMS solution is there to provide every organization a set of computerized procedures for management of warehouse inventory, space, equipment and people. Overall, WMS has the following functionalities that differentiate it from other systems:
·         Sets standard receiving process to properly handle a shipment when it arrives
·         Receives and returns stock in a warehouse facility
·         Performs modeling and managing of the logical representation of the physical storage facilities
·         Enables a seamless link to order processing and logistics management
·         Tracks where products are stocked, which suppliers they come from, and the length of time they are stored
To further differentiate WMS solution from other systems, here are more specific functions of most WMS.
 
  • Warehouse Design/Configuration
  • Inventory Tracking
  • Storage and Facility Management
  • Receiving and Putaway
  • Pick-and-Pack
  • Shipping
  • Labor Management
  • Yard and Dock Management
  • Reporting
  • Inventory Management
  • Order Fulfilment
  • Inbound/Outbound Logistics
  • Reverse Logistics
  • Manufacturing and Value-Added Services
 
Features
Over the years, well known WMS solution providers Accellos and Oracle have introduced numerous improvements and upgrades on their offered solutions. Accellos now offers various features that transform their software product into a hub of every organization’s supply chain solution. Their solution, AccellosOne, is an integration of accounting, order management and shipping software systems, electronic data interchange (EDI) systems, Crystal Reports software, radio frequency and barcode hardware, and warehouse automation equipment.  Oracle Warehouse Management system, on the other hand, is a component of Oracle's Supply Chain Management and Manufacturing solution. It covers the areas of warehouse resource management, warehouse configuration, task management, advanced pick methodologies, and value added services.
 
Features distinguish one solution from other solutions. They are absolutely many but once you indentified the features that are only needed for your warehouse and inventory operation, there is a greater chance that you can find the right WMS product out of the many solutions available in the market. Therefore, it is your task as a buyer to filter from this range of features those that are only needed by your business.
 
  • Asset tracking
  • Service management
  • Product identification
  • Wireless Picking and Receiving
  • Order Management
  • Lots/Serial/Expiry Management
  • Kitting
  • Container Receiving
  • License Plates
  • Carton Splitting
  • Putaway/Slotting
  • Multi-Location/Site Transfer
  • Return Material Authorization
  • Packaging Carousels/Conveyors
  • Multi-Carrier Shipping Toolkit
  • RFID Toolkit
  • Wave Picking/Batch Picking/Zone Picking
  • Task Interleaving
  • Automated Data Collection
  • Integration with Automated Material Handling Equipment
  • Advanced Shipment Notifications
  • Cycle Counting
  • Cross Docking
  • Pick-to-Carton
  • Labor Tracking/Capacity Planning
  • Activity-based Costing/Billing
  • Integration with existing systems - Accounting/ERP/Ecommerce/Order Management
 
Solutions per Business Size, per Vendor
As a buyer, it is also your duty to look for a solution that can truly offer the most advanced functionality, operational features, configurable architecture, and competitive cost of ownership. Moreover, you should also act as an inquisitive buyer who is able to weigh which solution, when fully implemented and used over a certain period of time, can provide the winning results such as accurate inventory and optimized labor cost. Here are then the two types of solutions in the market for you to carefully examine.
 
Best-of-breed or Stand Alone
Best-of-breed solution offers better in-depth functionality compared to integrated suites. It offers more picking configurations, labor management features, built-in integrations with other technologies, and other warehouse-specific features.
 
Integrated Suite or Supply Chain Execution Suite
This solution can be acquired as a module of a much larger enterprise system - ERP. Meaning, aside from warehouse and inventory functionality, it is also capable of managing other aspects of business such as accounting, human resources, manufacturing, and customer management.
 
As our recommendation from ITQlick.com, consulting with experts in business application solutions is also one of the options that you can consider when you arrived at critical stage of the buying process. We have wide experience in implementing software solutions and it is our guarantee that we can help you in finding that right WMS for your business.
 
Pricing Considerations
An experienced supply chain management consultant probably has the best ideas to share when it comes to the pricing models offered by various WMS solution providers. More likely, he will discuss with you the Total Cost of Ownership (TCO). Being in the software business for years, here’s what we from ITQlick.com would like to share with you about WMS pricing which we believe can surely guide you on your TCO computing process.
 
There are three types of WMS software products: Tier 1, Tier 2 and Tier 3. Their estimated cost pricing and other characteristics are as follows.
 
Tier 1 WMS solution costs between $750,000 and $2,500,000. Most Tier 1 vendors provide mainframe or web-based applications that use an operating system. This solution usually includes features such as voice-activated technologies, radio frequency identification (RFID) tagging, wireless communications, and physical automation support.
 
Tier 2 WMS solution costs between $200,000 and $750,000. This solution is provided with mainframe applications or PC-based platforms or the combination of both. Features included in this solution are cross-dock planning, automatic wave planning, system-directed replenishment, and stock location management.
 
Tier 3 WMS solution costs between $35,000 and $200,000. Most products are designed to run on personal computers (PC) and use an operating system such as Microsoft Windows. The core feature that usually goes with this solution is a standard inventory management system (IMS) with functions such as wave picking, zone picking, cross-docking, and directed put-away.
 
Market Trends
According to surveys, the past four to five years have dramatically altered the warehouse management landscape. In search for improved efficiency and increased profitability, many companies have adopted alternative technologies that have transformed the way various warehouse operations are conducted.
 
Many companies are now using voice-directed picking hardware to determine the amount of goods to be picked up. Smartphones are also beginning to emerge into the hardware scene. Many companies have started using smartphones as data collection devices. In relation to this, solution providers say that many young IT technicians nowadays are seeking to deploy consumer-grade phones and tablets on their company warehouses.
 
Other growing demands include more value-added activities, such as building mixed pallets for specific stores or attaching item-level RFID tags to satisfy retailer requirements.
 
From these trends, we can say that the WMS solutions providers are continuously moving forward to better improve the solutions they are providing to the market. This is a go signal that a buyer like you should proceed finding the WMS solution that is just right for your business.
Finding the right WMS software for your business
Proper WMS software selections are the precursor to successful deployment and business growth. Finding the right WMS solutions doesnít have to be complicated, and it doesnít have to take days or weeks of your time.

After researching over 5,000 systems, we can identify the best solution for companies of all shapes and sizes. ITQlick.com is 100% free for software buyers.



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Auditor - Shlomi Lavi

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Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.