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Often, people confuse the two terms with each other. They are two different yet closely related systems in a retail sector. The finer details will help you find the best retail store inventory management software system or the perfect warehouse management solution.
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Managing retail businesses with warehouse management system The retail stores require a robust system through which they can efficiently manage their various processes. Mainly, there are two solutions that are extremely essential in the retail sector: •Inventory Management Solution •Warehouse Management Solution Often, people confuse the two terms with each other. They are two different yet closely related systems in a retail sector. The finer details will help you find the best retail store inventory management software system or the perfect warehouse management solution. Inventory Management Solution (IMS) This solution is referring to the management of particular stocks in the storage location. Interestingly, the storage location is known as a warehouse. The inventory solution will help the retailers to easily find the availability of particular products, generate reports, predicts future requirement, etc. Warehouse Management Solution (WMS) As the name suggests, this solution provides management of the inward and outward movement of the stock, their quality maintenance, their storing and packaging, etc. It helps the retailers to manage the inventory in a centralized way. The solution will also help them to provide good customer service and efficiently utilize labour resources in a warehouse. How To Select The Right Solution? The selection of the right solution will be the game changer for your retail business. The selection depends on the scale of your company. The solution should be easy to use. There are multiple systems out there in the market that you can survey. The MobiVUE WMS is one of the best software solutions in India that can easily help in your inventory and warehouse management. The MobiVUE WMS is a robust solution that allows real-time monitoring of every activity happening in the warehouse(s). It provides end-to-end in-depth analysis through an intuitive graphical interface to assist in future business decisions. It also incorporates IOT in its system to provide the next-generation
advancement in technology. With its help, you can easily track every inbound and outbound operation to efficiently manage your inventory and warehouse. Conclusion The retail sector is highly competitive. You need solutions that will help you manage your business effectively. The MobiVUE WMS is the best retail warehouse management software solution in India. It has integration with Cisco CMX platform for providing real-time location information. The system utilizes barcodes to efficiently track and manage the inbound and outbound activities of goods. The three-tier architecture of MobiVUE WMS provides 100 percent uptime and accurate binning and best utilization of space in a warehouse. The system is also helpful in labour management in a warehouse reducing labour cost. Overall, the system helps you in managing your retail business with perfect inventory and warehouse management. In the past 15 years, India has become home to the world’s finest companies offering such products and services.