Singapore has a population of 5.6 million. Currently, 3.12 million people shop online. It is estimated that by 2021, another 998,000 will be online shoppers. Today, online businesses earn approximately 3.3 billion USD, and this income is expected to grow to 5 billion USD by 2021.
As the number of online shoppers grow, their demand for efficiency has also increased. Companies therefore must keep up with the expectations of consumers who want prompt delivery. All leading businesses in their respective product categories, including electronics and media, rely heavily on warehousing for the storage and dispatching of their products. Warehouse apps have helped to ensure the smooth transition, from the moment an order is placed to the point when the client receives what was ordered.
Real-time inventory data
One of the problems warehouse apps solved is orders of items that are sold out. This is every business’ nightmare since it shows incompetence if a client who has ordered and paid for an item is told it is out of stock. Warehouse apps can be integrated with other store automated systems such that when a client requests for an item, it is automatically deducted from the inventory. This way, all personnel connected to the network can see the movement of stock.
Singapore warehouse apps come with varying features. Each business entity needs to select the features that are most appropriate for the business model. Some apps are basic while others are advanced enough to show the movement of goods from the moment it is supplied to its shipment and delivery.
Sales projection and data patterns
Some warehouse apps can be used to analyze the data and movement of products. This makes it easy for businesses to come up with sale projection and a plan to meet the set targets. Market trends are constantly changing. Products that were popular a few months back may not be so today. It is vital for companies to keep track of changing consumer behavior and popular items.
Easy tracking of items
A few years back, items in the warehouse needed to be stored systematically for easy identification. Any change in location could easily result in the warehouse being turned upside down to locate one item. Warehouse apps have made everything in the warehouse trackable.
A single scan is all that is needed to track a product that has been stored in the warehouse. This makes it possible for anyone in the organization to find items, especially when they are being prepared for delivery. The accuracy in tracking products reduces time wastage, especially if the company has a delivery time policy that attracts clients. Easy tracking also reduces losses for the business since it reduces the disappearance of products in the warehouse.
Integration between supply and demand
The disconnect between supply and demand tends to lead to long term losses for companies. It is vital for all businesses in the supply chain to appreciate the importance of each level, and the impact of delays have on the various systems. Warehouse apps help to keep suppliers updated on the movement of goods and when restocking is required. This ensures that suppliers are ready to deliver when the need arises without any delays.
E-commerce has drastically changed how businesses are run globally. The convenience of shopping from anywhere and have the products delivered to one’s doorstep has expedited the use of technology to improve the management of inventory in warehouses and all around to transform businesses into smart ones.