What are the core advantages of 3PL Warehouse management software – a detailed analysis
Warehouse management softwares is widely in use by the warehouse companies, and the factories that are managing the inventories, and getting the stuff done – timely delivered to the end customers. A 3pl wms software is acquired by the end users, as it comes with different features and functionalities.
The warehouse managers are responsible for managing the inventories, and deliver the products to the customers who have placed the orders in bulk through the website or some third-party to get the products timely within the expected timeframe.
So, to make the things more clear and vibrant I mean, easy to understand – we are going to learn about the advantages of the 3PL warehouse management system and we hope that if you’re into the warehousing and inventories management domain; you are going to enjoy reading it out with us.
In this blog we are going to walk you through the benefits and everything essential to make things easier for you to be understood
Are you excited to explore it with us? Let’s get started then.
Statistics Related To Warehouse Management System
In this section, we are going to discuss about the statistics related to warehouse management solution and we hope you’re going to love reading it:
- A 24.8 billion increase like 10.41% CAGR is expected to reach within the global warehouse automation market and of course as we are standing into 2026, the highly influenced market will grow by more as Ecommerce domain has a quite impressive and massive growth rate.
- More than 80% of the warehouse total activities are outsourced whereas the remaining 20% remain in house as your core company diversification overall. Moreover in 2022, the global automated guide says that it is predicted to regenerate $212 billion and is projected to reach $4.43 billion by the end of 2023.
- The private warehousing establishment is presented to be 18,736 for now. Moreover the 181,370 sq ft is seen to be the average size of the warehouses.
- The trend of larger size warehouses is now increasing every other day.
- 70% of the supply chain professionals are now using automation and as a positive result they are seeing great impact as of 2024.
- More than 79% of the high performing supply chain companies are now achieving revenue growth superior to the average within the core industries. Moreover, upto 12% of the companies are not even cost effective and it has been seen that the total distribution as of now.
- According to the study conducted by Gartner, over 75% of the companies are now adopting some form of cyber physical automated warehouse processes by the end of 2027.
- By the end of 2026, the global warehouse automation market is estimated to surpass by approx 30 billion US dollar online sales of physical goods and is going to surpass $563.3 million by 2035.
- Transportation Management System leads 56% of the warehouse management software usage.
According to Custom Market Insights (CMI), the Global Warehouse Management System Market was valued at USD 2.5 billion in 2021 and is expected to reach USD 3.1 billion in 2022, and is projected to account for around USD 10.5 billion by 2030. The estimated CAGR is approximately 16% between 2022 and 2030.
The average warehouse management system cost will lie somewhere between $15,000 to $20,000 or more depending on the type of software. However, with additional overhead and APIs integration for better results.
We know that you will be amazed to read up these statistics with us, and if you see the costing then, you will be amazed to know how much a 3pl warehouse management costs overall.
Hence these were some of the interesting stats I’ve managed to gather and acquire from the website. So are you excited to now explore the advantages of 3pl warehouse management software?
Let’s get started then.
3pl Warehouse Management Software — Advantages You Should Know
A warehouse management software will let you handle everything from scratch to the destination where you can store the inventories and manage everything instantly:
1. Improved Operational Efficiency:
The first thing and benefit that we are going to discuss is automation of the key operations with reduction in manual errors and enhancing speed. Moreover, it leads to increased productivity and better handling of higher volumes of work with fewer resources.
2. Enhanced Flexibility and Scalability:
The second thing and benefit that we are going to discuss is scaling up the process to handle additional clients with warehouses and supply chain complexities without any costly infrastructure upgrades.
3. Cost Saving Efficiency:
The third benefit associated with warehouse management software operates on subscription basis, reducing the upfront expenses and minimizing the downtime and IT overheads.
4. Real Time Visibility:
It offers a real time accessibility to inventory levels with shipment statuses and other order progresses that enables the optimised decision-making and improved accountability for better results.
People will enjoy using the warehouse management software to make the processes and management of the inventories more seamless.
5. Easy Integration:
The seamless integration with other essential systems like transportation management, enterprise resource planning (ERP) platforms, and eCommerce channels.
You will see these modules to be embedded within the warehouse management software to bring seamless results.
The 3pl fulfillment companies are now using the solutions and enjoying using the warehouse management software.
Let’s discuss the key features of a 3pl warehouse management software:
- Inventory management allows the users to track the inventory levels in real-time, preventing overstocking and understocking of the products.
- Moreover, the order fulfilment automates the picking and packing along with shipping of the orders to increase the speed and accuracy.
- It offers valuable insights into the operations, helping identification of the area for improvement and informing the decisions to be more efficient.
- Lastly the billion and invoicing module allows the users to automate the billion processes and reduce the errors and enhance the total financial record accuracy.
You may use WareGo to explore its features!!! Yes, it’s one of the best warehouse management software with amazing features and functionalities, adding a layer of flexibility and entertainment to the end users lives.
If you think we have missed anything, and we require some more information to be mentioned within the blog then let us know within the comments section. We would love to hear it back from you.
