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NIOS Class 10 Warehouse Principles & Inventory Management Chapter 22 ERP Used In WMS
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ERP Used In WMS
Chapter: 22
Intext Questions 22.1
(i) ERP stands for _______________.
Ans: Enterprise resource planning.
(ii) The function of the __________ is to assist users to administer the fulfilment, transporting and obtaining tasks in the warehouse.
Ans: Warehouse management system.
(iii) The ERP structure also results in the _________ the TMS requires to prepare and implement consignments.
Ans: Order information.
(iv) The ERP structure holds the accounting and the majority of the invoicing, order administration and __________ management.
Ans: Stock.
Intext Questions 22.2
(i) The most modern software edition is a _____related solution.
Ans: Cloud.
(ii) The Warehouse Management of Oracle Cloud Service is created for incorporation and not ______.
Ans: Isolation.
(iii) The Warehouse Management of Oracle Cloud Service is created for ______and not isolation.
Ans: Incorporation.
(iv) With a _____linked WMS remedy, there are no upgrade or maintenance charges.
Ans: Cloud.
Intext Questions 22.3
(i) Cloud linked WMS can be __________ fast.
Ans: Scaled.
(ii) The SaaS software of WMS normally can be customised – True / False.
Ans: False.
(iii) _____ which facilitates the WMS to send documents such as the Bill of Lading.
Ans: Shipping.
(iv) Cloud- related WMS do not need a ______ or installation of software.
Ans: Hardware.
Intext Questions 22.4
(i) The __________system is innovated to only handle the warehouse.
Ans: Standalone.
(ii) RFI stands for request for ____________________.
Ans: Information.
(iii) _____________ module administers all aspects of the distribution chain.
Ans: Supply chain.
(iv) _____________ administration facilitates the trailer drivers to identify the right area to unload the cargo.
Ans: Yard.
Intext Questions 22.5
(i) The ______ innovation of ERP permits to meet the changing requirements of a business.
Ans: Modular.
(ii) The module of professional service automation is also referred to as ___________.
Ans: Service resource management.
(iii) ________ module assists an organisation to safeguard the goods or to manufacture the cargoes.
Ans: Procurement.
(iv) A _______ application generally encompasses all the characteristics of a job force management.
Ans: Human resource.
Intext Questions 22.6
(i) An ERP enhances the _____and association.
Ans: Visibility.
(ii) The _________ output provides immediate information about where workers are with tasks.
Ans: Track.
(iii) Real-time data from the warehouse offers insight into what is occurring with _____.
Ans: Stock movement.
(iv) ______ provides immediate information about where workers are with tasks.
Ans: Track the output.
Intext Questions 22.7
(i) The term Integration refers to the _____ package.
Ans: Complete.
(ii) The WMS intends to make simpler _____ store housing operations.
Ans: Day – to – Day.
(iii) The WMS that are related in the ____ would assist the businesses to meet their demand that market realism dictates.
Ans: Cloud.
(iv) Many systems of ERP comprise a module of WMS, are not all similar in the characteristics they provide. True / False.
Ans: True.
| Terminal Exercise |
1. Define Warehouse management system.
Ans: A warehouse management system (WMS) comprises software and processes that permit companies to control and manage warehouse operations from the time cargoes or materials enter a warehouse till they move out. A warehouse management system (WMS) is also referred to as software designed to administer the movement of stock to identify where the final cargoes are located in order to fulfil the orders at any given time. A warehouse management system can be separate software or a division of an enterprise resource planning (ERP) system functioning with other incorporated modules such as accounting, order administration, inventory administration, MRP, customer relationship management (CRM), and more utilising one central structure and data source.
2. Explain Fulfilment Method.
Ans: To continue spirited in the latest fulfilment economy, a firm requires adapting rapidly. With a cloud-linked system, a firm can ramp up their distribution chain system quickly. Strong logistics abilities exist in weeks, in spite of months. The Warehouse Management Cloud of Oracle arrives ready to incorporate multiple structures to assist the complex as well as the multi flow fulfilment processes. It distributes the similar level of warehouse administration functionality as an on-premises structure, but without the overhead of IT.
3. What is Standalone?
Ans: This form of system is innovated to only handle the store house, but it can be united with existing or future remedies, even though it might not incorporate and link well with each other. It is the most fundamental of systems and only comprises the functions which are connected to the progress of items inside the warehouse.
4. Discuss Order management.
Ans: The module of order management tracks the orders from date of receipt to distribution This ERP software supplies all orders to the store house, delivery centre or retail shop after consumers place an order and tracks their position as they’re prepared, fulfilled and transported to the consumer. Further this module safeguards the orders from being missed and improves on-time distribution rates to make consumer delight and cut unnecessary operating costs for expedited transportation. The advanced application of order management can assist an organisation to determine the most economical choice for satisfying an order received from a store, a storehouse, a fourth-party fulfilment agent, for instance in relation to available stock and the consignee’s location.
5. Define Ecommerce.
Ans: Few ERP vendors provide a module related to ecommerce for organisations that need to sell their products online. This module permits such companies to rapidly launch an ecommerce website of business-to-consumer (B2C) or business-to-business (B2B). Directing the trade applications comprise the user-friendly applications that permits employees to simply add new products, update cargo content such as description of product, titles, images, specs etc.
6. List out the merits of WMS.
Ans: The merits of WMS are:
(i) Modernise the process of inbound and outbound, computerised manual and paperrelated processes such as stock tracking and labelling, generate more effective warehouse paths, enhance warehouse layout, as well as prioritise targets for more effective operations.
(ii) Lower employment charges by speeding time to discover cargoes, decreasing waste of quality floor space with an enhanced layout, computerised processes for less errors, and augment inventory visibility to decrease storage requirements.
(iii) Superior customer satisfaction from decreased errors, quicker delivery times, and enhanced order status, and enhanced vendor relations from faster delivery approvals, and augmented supply orders.
(iv) Enhanced effectiveness and visibility in the store house also assist to optimise the distribution chain with quicker processes and superior demand planning.
(v) Real-time information, status, and tracking of stock through bar-coding, serialised numbers, and RFID tagging to find out its movement all through the storehouse to hold inventory at optimal phases.
(vi) Employee forecasting and KPIs to recognize when staff is required and how to optimise employment and shifts to extra effectiveness in order to generate schedules and allocate tasks.
(vii) With computerised processes, augmented data and visibility, and extra effective task assignments, workers can offer more value and feel more empowered which leads to increasing worker satisfaction as well as retention.
(viii) Standardising the storehouse management processes offers superior accountability, eradicates illegal access to critical information, and creates an audit trail.
(ix) Visibility and information assist to recognize bottlenecks and developments. For instance, the software of WMS can operate “what if” circumstances to determine how transform will force the operations.
7. Explain the main features of WMS.
Ans: Many features are quite general to software goods of WMS. They comprise the following:
(i) The design of a warehouse, which facilitates an organisation to modify job flow and picking reasons to ensure that the store house is invented for optimised cargo allocation. The WMS set up bin slotting which in turn increases the warehouse space and accounts for differences in seasonal stock.
(ii) Stock tracking, which facilitates the utilisation of advanced tracking as well as Automatic identification and data capture structures, comprising RFID and barcode scanners to ensure that cargoes can be seen simply when they require moving.
(iii) Obtaining the cargo and put away, which permits the stock put away and recovery, frequently with pick to light or else pick-to-voice know-how to assist warehouse employees to locate cargoes?
(iv) Picking and packing the cargoes, comprising zone picking, gesture picking and lot picking. Store house employees can also utilise a lot of zoning and job interleaving activities to lead the pick-and-pack works in the most effective way.
(v) Shipping, which facilitates the WMS to send shipping documents such as the Bill of Lading ahead of the consignment, create packing lists as well as invoices for the load and send advance consignment information to recipients.
(vi) Employment management, which assists the warehouse managers to supervise employees’ performance by utilising the key performance indicators (KPIs) that point out employees who execute above or under the standards.
(vii) Yard as well as dock administration, which facilitates trailer drivers arriving into a store house to locate the right stuffing docks. An extra complex utilisation of yard and dock administration facilitates cross-docking and other operations of logistics such as inbound and outbound.
(viii) Reporting, which assists the managers to evaluate the performance of store house operations and find locations to develop.
8. Sketch the pros of cloud- linked WMS.
Ans: The pros of cloud- linked WMS comprises the following:
(i) Quicker implementation: The customary on-premises WMS can normally take months to execute, whereas cloud-related WMS deployments can be finished in weeks, based on the complexity. This means that organisations have a quicker route to a positive ROI and can take advantage of the cloud WMS capacities sooner, which is an enormous advantage in the quick-paced current economy.
(ii) Fewer upgrade obstacles: The operation of SaaS model for cloud- related WMS comprises regularly planned upgrades where all sorts of updates and configurations are managed by the supplier. This refers to organisations that are forever on the newest version of the software and spend the least time and resources administering each upgrade.
(iii) Lower charges: Cloud- related WMS do not need hardware or installation of software and IT executives to administer them. Therefore, they have lesser upfront charges and sometimes constant charges than the on-premises structures. They also do not need customizations or alteration, which can be expensive for on-premises structures. Upgrading the on-premises structures can also be costly, as they can consist of reinstalling as well as reconfiguring the software and, in few circumstances they should upgrade the hardware too.
(iv) Scalability: Cloud linked WMS can be scaled fast as organisations develop and distribution chains become more complex. Further they are more flexible in nature and can be reconfigured as trade requirements or else change of market circumstances.
9. How do you select the appropriate warehouse management system?
Ans: Here are a few key criterions in order to choose the right WMS for a business:
(i) Budget ROI: The evaluation which you obtain from a warehouse management system assists a firm to determine their budget.
Further a firm should obtain a return on their investment in the method of:
(a) Enhanced processes and effectiveness (doing more with lower resources).
(b) Decreased prices from effectiveness gains and improved stock management.
(c) Superior customer service for augmented customer retention and profits.
(d) Enhanced precision resulting in low re-work and improved decision making.
(e) Augmented visibility and traceability.
(f) Rising output. and
(g) Superior space utilisation.
(ii) Functionality: A company should glance for the systems that will carry out the activities which are most significant to their organisation.
Few of the vital they need to consider are:
(a) Real-time stock transmit tracking.
(b) Enhanced employee, equipment, and utilisation of space.
(c) Superior picking, packing, as well as distribution accuracy.
(d) Greater insight towards operations.
(e) Latest technology that comprises RFID, bar-coding, mobility, serialisation etc.
(iii) Suppliers: See towards the suppliers and solutions that will greatest suit the requirements and budget.
Consider the following:
(a) Do they have adequate skills to match with your industry?
(b) Whether their WMS is an add-on or completely incorporated with their ERP remedy?
(c) How are these upgrades handled?
(d) Are they receptive and beneficial?
(e) Is customization required?
(f) What is their methodology of training?
(iv) Generate a Request for Information (RFI):
(a) Explain your firm trade.
(b) Sketch out future company trade plans.
(c) Describe what a company expects to attain with the WMS.
(d) Offer information about your firm warehouse quantity.
(e) Request execution time period frames.
(f) Inquire how much time before a firm will look ROI or time to worth.
(g) Inquire about their firm to incorporate.
(h) History.
(i) Functionality.
(j) Similar consumers.
(k) Number of areas utilising their WMS.
(l) Future growth and cargo roadmap strategies.
(m) Support and.
(n) Success.
10. Discuss the future trend of WMS.
Ans: The future trend of WMS are:
(i) Augmented operational effectiveness: With software of warehouse management, administering fulfilment functions in the cloud, distribution chains have real-time visibility into their stock and operation by meeting how their consumers connect in procuring with pertinent technology.
(ii) A lesser complete charge of ownership: By installing a cloud-related warehouse management structure assists to control the charges as organisations no longer have to fear paying expensive maintenance and upgrades.
(iii) Enhance customer experience: The quicker fulfilment times refers to an enhanced consumer experience and improved business. Consumers can generate procurements from any location at any time. The WMS that are related in the cloud would assist the businesses to meet their demand that market realism dictates.
11. Describe the types of WMS.
Ans: The types of WMS are discussed below:
(i) Standalone: This form of system is innovated to only handle the store house, but it can be united with existing or future remedies, even though it might not incorporate and link well with each other. It is the most fundamental of systems and only comprises the functions which are connected to the progress of items inside the warehouse.
(ii) Supply chain module: This structure administers all aspects of the distribution chain. It assists with supplier relationships, trade processes, risk assessment, and store housing features. If a firm already has their systems in place, they require evading overlap with the distribution chain module. Further if they plan to move in this direction, they should make sure to select a system that can incorporate well with their other software.
(iii) Integrated with ERP: This sort of structure will be a firm’s most influential options and offers a more total trade management solution that unites the accounting and financials, consumer relationship management, inventory administration, and more. If they are required to better link all aspects of their business, modernise end-to-end procedures, and look at the merit of developing and enhancing their competitiveness with a single remedy and source of information, this is a fine solution.
(iv) On premise: The on-premise warehouse management systems need more in house resources in order to support and administer. It is implemented on the firm’s main hardware as well as in the network. Several companies desire this form as it provides them better control.
(v) Cloud based: A cloud-related system does not need any server hardware or harmonisation with server hardware as well as networks as it is web-related. It is faster to implement, simple to upgrade, easier to use, and can scale up with any trade.
12. Highlight the functions of WMS.
Ans: The main functions of WMS are Warehouse Innovation, Stock Tracking, Employee Performance, Picking, packing, and transportation, Yard/Dock Administration and Reporting.
(i) Warehouse Innovation: The stock is positioned in areas that make the main sense for job flow and to optimise the warehouse space.
(ii) Stock Tracking: By utilising the RFID technology and barcode scanners, the stock is tracked so it can be simply found when required.
(iii) Employee Performance: Employee performance is tracked and phases that are above or under standards are identified.
(iv) Picking, Packing, and Shipping: It makes sure that the accurate cargo is picked, suitably packed, and transported to the right consumer on time.
(v) Yard/Dock Administration: It facilitates the trailer drivers to identify the right area to de-stuff, and offer other activities that optimise the logistics connected to inbound and outbound.
(vi) Reporting: The significant information on the distribution chain process is offered to managers for creating developments and framing strategies for the future.
13. Sketch the ERP modules and their functions.
Ans: Following are the ERP modules and their functions:
(i) Finance: In the module of ERP the finance and accounting is considered as an important one because it permits businesses to know their present financial state and future position. Key characteristic of this module is tracking the accounts payable, receivables and administering the common ledger.
It also generates and stores important financial documents such as
(a) balance sheets
(b) payment receipts as well as
(c) tax statements.
The financial administration module can computerised tasks connected to billing, supplier payments, currency management and account settlement, assisting the department of accounting which is near the books in a timely method and fulfil with present profit recognition standards.
(ii) Procurement: The module is also referred to as the procurement module, which assists an organisation to safeguard the goods or its requirements to manufacture and/or cargoes. Organisations can hold a list of standard suppliers in this module and knot those vendors to certain products, assisting with vendor relationship management. Further, this module can compute requests for a quotation, then track and evaluate the quotes that arrive in.
(iii) Manufacturing: In the beginning the material requirements planning systems were innovated to assist the manufacturers by at present ERP remains a main source for manufacturers At present, ERP systems normally have a manufacture management or else manufacturing execution system (MES).The module of Manufacturing assists the manufacturers strategy production and ensure they have everything they require for the operation of planned manufacture such as raw materials as well as machinery.
(iv) Inventory Management: The module of inventory management facilitates the control of inventory by tracking goods quantities as well as areas towards individual SKUs. This module provides an entire picture of not only present but also incoming stock, through incorporation with the purchasing tool.
(v) Order Management: The module of order management tracks the orders from date of receipt to distribution This ERP software supplies all orders to the store house, delivery centre or retail shop after consumers place an order and tracks their position as they’re prepared, fulfilled and transported to the consumer. Further this module safeguards the orders from being missed and improves on-time distribution rates to make consumer delight and cut unnecessary operating costs for expedited transportation.
(vi) Warehouse Management: The module of warehouse management can distribute a quick return on investment for organisations that function as their own store houses. This software can effectively direct the warehouse workers through all warehouse methods based on the design of the facility, from put away when consignments come towards picking to packing as well as transportation. It can also assist the organisation to plan the workers based on anticipated order volume.
(vii) Supply Chain Management: The application of supply chain tracks every step in the transmission of supplies and cargoes all through the distribution chain, from subvendors to vendors to producers to distributors to wholesalers to retailers or customers. It can also administer any goods which are returned for replacement. As mentioned earlier, the distribution chain management can comprise a broad array of applications like purchasing, stock management, manufacturing, order administration and store house management.
(viii) Customer Relationship Management (CRM): The application of CRM stores all consumer and prospect data. That comprises the organisation’s converse history with an individual, the date and time period of calls as well as emails for instance, their procurement history. Further, a CRM enhances the customer service because employees can simply access all the data they require when working towards a consumer.
(ix) Professional Services Automation (Service Resource Management): The module of professional service automation also referred to as a service resource management which permits a firm to plan and administer the ventures. The services linked organisations frequently utilise this module. This module tracks the position of projects, administers the human as well as capital resources all through, and permits managers to endorse expenditure and timesheets. It helps to connect among teams by holding all pertinent documents in a shared location.
(x) Workforce Management: The module of workforce management is parallel to a human resource management but is innovated for firms with a more hourly basis than salaried workers. It can supervise employee’ hours and attendance and also evaluate things like worker output and absenteeism. The payroll could also move under the job force management and its sub-module mechanically delivers the pay checks to workers on a set timetable with proper deduction of taxes and handles expenditure reimbursement.
(xi) Human Resources Management: A human resource or capital management application generally encompasses all the characteristics of a job force management application and provides additional capacities. HRM could be glanced as a CRM for workers. This familiar module has complete data on all workers and stores these documents such as review performance, work descriptions and letters related to offer.
(xii) Ecommerce: Few ERP vendors provide a module related to ecommerce for organisations that need to sell their products online. This module permits such companies to rapidly launch an ecommerce website of business-to-consumer (B2C) or business-to-business (B2B). Directing the trade applications comprise the user-friendly applications that permits employees to simply add new products, update cargo content such as description of product, titles, images, specs etc.
(xiii) Marketing Automation: Similar to ecommerce, few software vendors have innovated a module related to marketing automation. This module administers the marketing campaigns among the digital media such as social media, SMS, email, and website.
14. Explain the benefits of ERP in warehouse management.
Ans: Following are the benefits of ERP in warehouse Management:
(i) Enhanced visibility and association: Having all information and job flows housed and arranged in a single system that is shared among the companies has led to raising the visibility all through the firm. It also incorporates manufacturing and store house functions with core trade functions related to financials, client service, shipping, logistics, and it enhances the alliance and coordination.
(ii) Increased correctness: It eradicates the manual entry and mistakes from information having to be re-entered because it is arranged in a single system of record and foundation of truth that other trade functions and respective departments can look and share, by avoiding the requirement for superfluous data entry.
(iii) Superior decision making: Real-time data from the warehouse offers insight into what is occurring with stock movement, consumer orders, and total scheduling and planning among the company to assist in order to construct informed decisions.
(iv) Elegant sales and consumer service: It offers the sales department with data on what is in inventory and the lead times required. It provides a firm customer service department with real-time position on consumer orders and distribution timing So that a firm business can make assurance it can distribute upon.
(v) BetterAgility: With a current system of ERP that is linked among the organisation, all the departments are in sync and it is easy to flexible business methods as required when important data is easily scrutinised and shared.
(vi) Quick billing: The consignment data are processed straight away and sent to accounting which permits for invoices to be sent faster and payments to be obtained quicker.
(vii) Track the output: It provides immediate information about where workers are with tasks; so that managers can make sure things are kept marching and they can further track how healthy the employees are performing.
15. Bring out the significance of integrating ERP and WMS.
Ans: The desired result of ERP as well as WMS integration is that a firm automated trade methods and their process of Warehouse Management which facilitates the areas of sales, client service, finance and operations in creating enhanced, more planned decisions.
There are three methods in which it can be achieved:
(i) Integration through Point to Point: This is the main direct path of incorporating by sharing the essential files from one system to another.
(ii) Through Middleware: When a firm business has several systems that require to interface, share information, and converse in order for the trade to function optimally, a solution of Middleware is executed as the hub of the system.
(iii) Via Shared Components: Few solutions are constructed in a modular way that permits a firm to “turn on” the essential functionality if needed. This form seldom needed a widespread interfacing or else integration. In brief, a firm should aim to determine the functions of every software, divide the functions and characteristics, and utilise this information to offer direction to their process of technical integration. The result should be flexibility, scalability, and incorporation that administer any complexity of jobs.
