Guide to E-Commerce Warehouse Management System. Running an E-commerce business is a challenging task that requires efficient management alongwith seamless operations, and with the advent of technology, it has simplified everything via software development.
This software not only helps you efficiently manage and store the inventory but also helps in saving time, effort, and money. According to the reports from Statista, global retail e-commerce sales were valued at $5.2 trillion in 2021 and are expected to rise by 56%, which is about $8.1 trillion by 2026, which shows signs of impeccable business growth.
Read more: How to build an eCommerce Application?
E-Commerce Warehouse Management System Development
In this blog, we will fill you with an introductory guide to developing an e-commerce warehouse management system, where you will also learn about the benefits, cost of development, and steps to choose one such system for your business.
What is an E-Commerce Warehouse Management System?
An e-commerce warehouse management system is a software solution that is specifically designed and developed to streamline all important aspects of the warehouse operations of an online store. It helps in optimizing the flow of goods from receiving to shipping, managing the inventory, alongside ensuring accuracy, speed, and cost-effectiveness.
Read more: How To Build A Scalable E-Commerce Network Infrastructure
The key features of an e-commerce warehouse management system include real-time visibility, automation of processes, eliminating manual errors, labor management, and many more.
The top r-commerce warehouse management software solutions widely used in the market are Skubana, ShipBob, Veeqo, Fishbowl Inventory, Zoho Inventory, and many more.
Benefits of E-Commerce Warehouse Management System
Developing an e-commerce warehouse management system caters to innumerable benefits both to the business and its customers, and some of them are as follows -
-
Enhanced Accuracy and Visibility
-
Improved Order Fulfillment Efficiency
-
Reduced Operational Costs
-
Enhanced Customer Satisfaction
-
Scalability and Integration
Read more: How To Build a Shopify Store for Your E-Commerce Business
Enhanced Accuracy and Visibility
The primary benefit of developing an e-commerce warehouse management system is that it helps track the inventory levels in real-time, reducing the chances of overstocking or stockouts. It also helps you with accurate data on the stocks, which can be displayed on the online e-commerce store, which helps the customers to check the availability of the product leading to increased customer satisfaction.
Improved Order Fulfillment Efficiency
It automates the manual tasks involved in managing the warehouse and order fulfillment, such as picking, packing, and shipping, which in turn leads to faster order processing times, reduced errors, lower labor costs, and many more.
Reduced Operational Costs
It helps in reducing the operational costs by automating the processes and reducing the related costs like decreasing the labor-intensive tasks, which in turn also helps in reducing the manual errors and maximizing the use of available resources like space utilization, and many more.
Read more: How to Set Up Your Online Store in 8 Steps?
Enhanced Customer Satisfaction
Another important benefit of an e-commerce warehouse management system is that it helps enhance customer satisfaction by providing real-time order tracking information, giving them greater visibility into the fulfillment process which in turn also helps in reducing the need to contact customer service for updates, thus ensuring transparency in communication throughout the fulfillment process alongside building trust and loyalty with customers.
Scalability and Integration
It can be easily scaled to accommodate the growth of an e-commerce business. Additionally, it can integrate with other business systems, such as accounting software and shipping platforms, to create a seamless workflow.
Read more: Why Magento is the perfect choice for your e-commerce business
How to Develop an E-Commerce Warehouse Management System
Developing an e-commerce warehouse management system is a tedious task that is an important element for your business, which helps in optimizing your order fulfillment process alongside aiding with improved customer satisfaction. Some of the steps to choose an app follow are -
-
Understand your business needs and priorities along with several important factors like the business size and complexity, storage requirements, specialized functionalities, budget, and many more.
-
Research and analysis of your business and other potential competitors to sort out and plan what the market needs offer innovative solutions to the customers and integrate all the key features into the software that not only aids your customers but also simplifies your business needs and requirements.
-
The next step is to start with the UI and UX design of the software solution alongside making it user-friendly.
-
Once the design is complete, you can move ahead by integrating the core features and functionalities into the software, which is also called the programming of the software.
-
After you are done with the design and development of the e-commerce warehouse management system, you can move further and test the software to find the bugs and loopholes and fix them immediately to avoid issues in the future and ensure quality products.
-
And finally, after the testing is over you can launch the software application in the platforms for which it was developed.
Read more: 6 Vital Essentials for a Startup E-commerce Business to Succeed
Cost of E-Commerce Warehouse Management System Development
The cost of developing an E-Commerce warehouse management system can be estimated between $25,000 to $1,50,000 based on several factors like the type of software solution you want to develop, the platforms, the design and total number of features you want to integrate, the tech stack, hourly charges of the development team alongwith the location, third-party API integration and licensing costs, and many more.
If you want to develop basic or simple software, then it might range somewhere Whereas, developing moderately complex software can cost up to $2,00,000 and sometimes even more if you want to develop full-fledged software with all the high-end design and advanced features which might rise to $3,50,000 based on your specific business requirements.
Read more: eCommerce Platform Development Cost in 2023
Wrapping It Up
Developing an e-commerce warehouse management system is a complex and challenging task and requires a lot of planning, effort, time, and money. So, if you are thinking about developing one such software for your business, then now is the time to start working on it.
Connect with us now, or hire a developer, and we will help you develop the best software solution for your business that is feature-loaded, future-proof, high-performing, and secure at market-friendly rates.
FAQs about E-Commerce Warehouse Management System
What is WMS in e-commerce?
WMS in e-commerce means a warehouse management system, which is a software solution that helps in managing the operations of the warehouse efficiently.
How much time does it take to develop an E-Commerce warehouse management system?
Developing an E-Commerce warehouse management system can take 6 months to 1 year. It might vary depending on several reasons like the experience and expertise of the developers, integrating complex design and features, budget, and many more.