The Boreal IM & Cadillac Fairview JV (the ‘JV’) has closed its third deal, acquiring a logistics portfolio in the Netherlands for an undisclosed sum.
Warehouse Management Software, WMS, Warehousing Software, Warehouse Systems
A critical element within the wider supply chain, a warehouse management system (WMS) helps to manage the storage and distribution of goods within a warehouse or distribution centre (DC). The software stores and provides information on goods transactions such as receiving, putaway and picking and shipping, often based on real-time information related to bin utilisation. A WMS system also often incorporates the use of Auto Identification & Data Capture (AIDC) devices or systems – including barcode scanners, mobile computers, wireless LANs or Radio-frequency identification (RFID) – to help to optimise the efficient stocking and distribution of goods.
The unexpected opportunity to accelerate a green commerce revolution
Jul 26, 2022
Worldwide pandemics and more recently, military conflicts in Eastern Europe are continuing to cause significant disruption to global commerce, supply chains and consumers.
What Cloud-Based Technologies Mean For Distribution Warehouses
Jul 20, 2022
By Anthony Duran, freelance writer.
18% of retail shrinkage is caused by crime at warehouse locations. If you want to maximize the profits from your distribution warehouses, you need to invest in the latest security technologies.
Europa Corby is ‘The place 2 be’
Jul 12, 2022
The 300 strong team at a 3pl logistics facility in Corby – whose operations are geared up to serving practically any product type, from cosmetics and perfumes to components, electricals and general consumer goods – has just celebrated its second birthday, during which a brand-new ambition for the facility was also unveiled by its leaders.
Discover the technologies that keep fulfilment operations ahead of the game
Jul 12, 2022
During an era where the only certainty is uncertainty and consumer demands are evolving at a rapid pace, IMHX 2022 will provide logistics and e-commerce fulfilment professionals with an essential opportunity to discover technologies that keep them one step ahead, says IMHX 2022 Event Director, Rob Fisher.
Invar Group launches website for an automated future
Jul 12, 2022
Invar Group, the independent software developer and integrator of advanced warehouse automation, has launched a new website to help guide businesses through the complexities associated with warehouse upgrades and digitalisation projects, highlighting potential areas where advanced technologies can transform operational performance within the fulfilment or distribution centre.
Knowles Transport appointed as consolidator for Bidfood
Jul 12, 2022
Foodservice wholesaler Bidfood has partnered with Knowles Transport, which has become its consolidated distribution partner for ambient product.
Prologis strengthens Capital Deployment and Leasing in London team with two strategic hires
Jul 11, 2022
Prologis UK, one of the UK’s leading developers of logistics property, has added two new hires to its Capital Deployment and Leasing team, as it looks to further grow its UK team and drive ambitious growth plans.
WMS technology provider Synergy Logistics celebrates 50 years in business
Jul 11, 2022
Provider of cloud-based warehouse management software, Synergy Logistics, is celebrating its half century milestone.
Large enterprises, forced to innovate by supply chain disruption, see costs and complexity ramp up
Jul 05, 2022
Two-thirds (66%) of large enterprises globally say they are keeping more stock on hand now compared to the pre-pandemic period, with nearly one in five in total (18%) retaining ‘significantly more’ stock.
Warehouse Management System
A warehouse is a commercial building used for the storage of goods and are usually cited in industrial areas. Warehouses are used by manufacturers, logistics companies, distributors, transport, freight forwarders, importers, exporters, wholesalers, etc. Warehouses usually have loading bays and docks and serve as a distribution centre for the loading and unloading of goods from trucks. Sometimes warehouses are designed for storage and despatch of goods directly from railways, airports or seaports.
A warehouse management system, or WMS, is a key part of the supply chain and primarily aims to control the movement and storage of materials within a warehouse and then organise and process all of the associated transactions such as shipping, receiving, put-away and picking. The systems also direct and optimise stock put-away based on real-time information about the status of bin utilisation. A WMS can be used by manufacturers in their own warehousing facilities or a logistics company (3Pl /4Pl) operating contracts for a number of clients and retailers.
Warehouses are an integral link in the modern supply chain, ensuring that the correct product is stored efficiently,delivered in the right quantity, in good condition, at the required time, and at minimal cost. It performs an integral role in managing goods movement and information exchange between manufacturers, distributors and retailers.
A good Warehouse Management System (WMS) manages all types of warehouse operations efficiently and effectively. It also enhances inventory management by increasing accuracy, improving order fulfilment and reducing order cycle time. Receiving and shipping are streamlined as well to facilitate cross-docking and expedite back-ordered products.
A WMS can automate picking, packing and shipping and it will minimise the number of moves per order. The WMS can improve the accuracy of every order, reduce safety stock, manage tasks and improve processes. An efficient WMS can consolidate orders to reduce transportation and shipping costs. Data is collected within the warehouse environment by data-capture technology such as barcode scanners, mobile computers, wireless LANs and Radio-frequency identification (RFID).
This information is then fed into a central WMS database to provide a real-time update on the overall inventory and specific SKU levels in the warehouse (stock keeping units). This information is then used to replenish the stock levels to ensure that there is sufficient flow of products. Once data has been collected, there is either a batch synchronization with, or a real-time wireless transmission to a central database. The database can then provide useful reports about the status of goods in the warehouse.
Bonded warehouses are specifically used as a secure holding or storage facility before duty is paid. Upon entry of goods into the warehouse, the importer and warehouse owner incur liability under a bond. Goods can be stored and held in a secure environment for a number of years before either being shipped on or released for distribution when the duty must then be paid.
