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Warehouse management software's primary function is to track and assist with the optimal management of the organization of stock. There is an emphasis on shipping and optimal physical storage of merchandise, to ensure minimum human error and eliminate the need for paperwork.
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To compare different warehouse management systems, consider these factors for each product offering:
Cloud vs. On-Premise WMS: Cloud-based WMS is more flexible and customizable. Updates to its software is also easier to carry out than with its on-premise counterpart. On-premise solutions may work best for more localized businesses, however, if employees for any reason are unable to come into the warehouse, it is rendered unusable. Given economic changes and social developments around the world, a cloud WMS platform may work best for companies who want to maintain operability in any crisis.
All-in-One vs Standalone: Some logistics platforms like Cin7 or Oracle Netsuite are designed to be a one-stop shop for inventory and warehouse management. Tools in this category of all-in-one solutions typically also incorporate aspects of eCommerce management like POS systems into their feature set. The appeal of these systems is that all logistics management is housed in one platform, through one vendor. However, you may find that you only need a WMS solution. Compare the features and capabilities of each software before deciding on which is the right choice for you. More comprehensive products may also be more expensive.
Integrations: Given the cross-functional nature of warehouse management systems, you will want to choose one that has pre-built integrations with other software you’re already using. This will save you time configuring those integrations whether or not your company has an in-house engineering team. Categories that warehouse management systems typically have pre-built integrations for are inventory management systems, eCommerce platforms, point of sales systems, and shipping software.
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While there are open-source and free warehouse management systems available, they work best for smaller warehouses given that they typically provide fewer features than systems for which users must pay.
Warehouse management system pricing also depends on the number of warehouses you’re managing as well as whether you’re using a cloud-based system versus on-premise system, monthly licensing or perpetual licensing (which includes upfront fees), and how time and labor-intensive your implementation of the software may be.
For paid software, expect to pay at least $500 a month for subscription-based plans, or $5,000 for those that you can purchase with a perpetual license.
