5 Factors to Look for When Buying a Cloud-based WMS
By Jim Laverty
There’s no better time than now to start thinking about moving your warehouse management system over to the cloud.
The cloud is more than just a buzzword. With more than 75% of all companies using cloud solutions, it’s a way of doing business that is here to stay. Why are companies gravitating towards the cloud?
- 82% of companies using cloud solutions report saving money over previous solutions. [source]
- 80% of companies using cloud solutions report marked improvement in operations within 6 months of adoption. [source]
- Companies using cloud solutions report 2x higher revenue growth and 2.5x higher gross profit growth than companies not using the cloud. [source]
With stats like that, you’d think everybody in your industry was jumping to the cloud, right? Not really. Only 8% of warehouse management system users are currently utilizing the cloud. That leaves a huge opening for companies to jump out in front of the competition.
You may be inundated with offers and information from the tradeshow, but here are the five things to look out for most when buying the perfect cloud-based warehouse management system for you.
5 Tips for Finding the Perfect Cloud-based WMS
Buying a WMS Tip #1 – Get More for Less
Don’t get tricked into thinking that just because something is in the cloud, that it’s better. Some companies don’t port true warehouse management systems into the cloud, and instead just provide a barebones system. A cloud-based WMS should have identical, if not more, functionality to a traditional WMS. The possibilities in the cloud are limitless, so you should definitely see an enhanced experience over your traditional WMS. Cloud-based warehouse management systems also have minimal startup fees and much lower monthly operating costs than a traditional WMS. You will not need to get CAPEX approval and the licenses come at low costs with discounts often available based on total users.
Buying a WMS Tip #2 – Setup Time Matters
Your new cloud-based warehouse management system should be up and running in a matter of days or hours, as opposed to the weeks or months a traditional WMS could take. It can take an obscene number of man-hours for the custom coding and development required to connect components to a traditional WMS. A cloud-based WMS can do the same data integration in a matter of minutes, connecting seamlessly with every other application (like QuickBooks or Oracle) that your company uses. It’s a quick, non-disruptive, and downright pleasant process.
Buying a WMS Tip #3 – Stay on the Cutting Edge
With how quickly technology advances in today’s world, you can no longer afford the endless updates and customizations a traditional, proprietary WMS will see over its typical lifespan of ten years. A cloud-based WMS can seamlessly change with your supply-chain.
Buying a WMS Tip #4 – Nothing is More Important than Reporting
You’re keeping meticulous track of your supply-chain so that it can help inform your decision making. Don’t let sub-par and dated reporting get in your way. Your cloud-based WMS should allow you to make the correct business decision right when an issue or opportunity arises.
Buying a WMS Tip #5 – It Should be Easy to Use
More than text or code, your WMS should be able to display images, videos, and interactive data charts on the fly to keep you informed. The design shouldn’t just be pretty though, it needs to be functional so that anybody, no matter how tech-savvy they are, is able to make informed and efficient decisions from the data. You need access to your data right now, not twenty mouse clicks and ten minutes from now.
You can learn even more in our warehouse management system buyer’s guide. Cloud-based warehouse management systems are faster, cheaper and better integrated than traditional WMS deployments. Jump ahead of the curve in your industry this year by switching over to a cloud-based WMS.
Schedule a cloud-based WMS demo today to learn more.