A warehouse management solution makes the ideal operating base for apparel and accessories manufacturing business. It enables efficient control over the day-to-day functions of warehouses to reach revenue goals and prevent loss. As reported by Business Wire, the market size of warehouse management systems was at $2.4 billion in 2020 and was valued to reach $10.6 billion by 2030, increasing in a CAGR of 16.3% from 2021 to 2030.
Due to the consistent advancement of enterprise technology and high market competition in apparel making, the manufacturers shifted from conventional methods to digital warehouse management for the supreme functioning of their inventories, as warehouse handling is the significant part of the supply chain management that determines the effectiveness of the revenue strategy from its root.
Three Major Challenges in Apparel Warehouse Management
Demand Volatility in the Fashion Industry
The fashion needs are dynamic yet short-span, making it difficult to predict the requirement of stock levels without accurate data managed in a central system that allows you to access entire supply chain reports and forecasts of previous Purchase Orders and material usage across the factory client wise. The warehouse management solution integrated into ERP provides clear insights into warehouse operations, captures data, and gives intelligent inputs for the warehouse managers to make knowledge-based decisions and implement correct stock rotations preventing bulk dead stock, bucket loss and wastages.
Lack of Inventory Visibility
One of the causes of profit loss generated in the warehouse is the lack of stock visibility and traceability. Capturing every detail about each inventory and fabric rolls lets the warehouse managers track each item using the product codes in the system and eliminates delays caused during order picking and other processes. Using accurate data and WIP visibility in the warehouse management system (WMS), they can predict bottlenecks in the production process while scheduling and take proactive measures to alleviate the pressure points for smooth warehouse flow.
Warehouse Cost Management
For any apparel and accessory manufacturing brand, the main goal is to increase revenue and reduce costs in managing the supply chain. But failing to control cost and profit loss in the warehouse management due to lack of data accuracy and discrepancies makes the struggle bigger. Integrated warehouse management software ensures cost efficiency and prevents wastages and loss by enhancing staff productivity in scheduling, prioritizing, tracking, order picking, packing, receiving, and shipping with real-time data reports and forecasts for better warehouse planning and constant improvements.
Digital Solution Tackles the Major Challenges to Dominate the Apparel Market
By streamlining all the apparel warehouse functions - store the fabric lots received from the suppliers, crosscheck them per the order details, trace, handle, and send the supplies to different locations and for production on time, keep a check on the quantity to avoid excess/low stock, warehouse management solution for the apparel and accessories manufacturing industry allows one to monitor and control the inventories at different locations from a central platform.
Fine-grained vision into the stock levels, warehouse space management, and fast-tracking of fabric lots with accurate information on the supplies enhances staff productivity and therefore optimizes warehouse operations. In short, cloud-based warehouse management helps simplify and speed up complex apparel inventory processes that boost entire supply chain management in great proportions with mobility and data accuracy.
