Key aspects an LSP should consider while selecting a WMS
by Ragunathan A | 5 min read
The tremendous pace at which the Warehousing industry grew last year was mind-boggling. At one point in 2021, the vacancy rate at warehouses in the US was at a staggering 5%! The need to pivot to a new warehouse management system that supports peak workloads and satisfies SLAs was a priority for many 3PL players, who suddenly were caught napping with old legacy systems. Though necessary, moving from an old legacy system to modern software requires much introspection. What will be the top 3 aspects that any LSP needs to look at before embarking on a journey to select a new Warehouse Management System?
Let’s accept that the whole technology scenario around WMS systems has undergone a massive overhaul in the past few years. From new age start-ups to Enterprise software organizations, numerous solutions have extensive features and benefits and varying price points. Hence before embarking on a journey to scout for a new WMS, a Logistics Service Providers (LSP) should look inward and understand what they need to achieve. Some key questions to consider are.
Once an LSP can think along these lines, it will lead to a meaningful questionnaire that can be used to build up an RFI/RFP.
Getting the requirements correct is just one-third of the job; next will be an extensive search for the right solution. With many WMS solutions in the market, LSPs need to ask the right questions and set up the right team to scout the solution. Some key aspects to consider during this phase includes
Once the solution provider is confirmed, the idea will be to have a transparent implementation methodology that can execute these entire plans to a successful end. A few key aspects to consider during this phase includes:
Implementing a WMS will not only impact operational aspects of the Warehouse but also provide a competitive edge in winning new deals. Hence, a WMS implementation must have a calculated approach that empowers the logistics service providers to offer cutting-edge solutions to their end customers.