Rise Business WMS: getting your warehouse in order
Part 2

Most companies strive for automated warehouse management to improve assortment control, organize proper storage of goods and be able to quickly find it, as well as automate the internal product distribution.

In the previous article, we started our journey into the Rise business capabilities and covered warehouse structure, advanced and simplified inventory management, and bin location system. Now we are going to give you more details on other warehousing features the system provides.

Internal inventory transfers

Warehouse operations involve internal goods movement operations. With the help of internal warehouse documents, you can write off goods and materials for internal needs or move them between the company warehouses. On the figure below, yellow documents are issued in both simplified (single–phase) and advanced (two-phase) inventory management options. Orange documents are only required if advanced inventory management is used.

Let's take a closer look at some warehouse processes:

1. Goods transfer helps to register the transfer of goods between company warehouses and business units. Large companies can take advantage of the Transfer order document that allows planning logistics. You can specify the dates of shipment from the warehouse and how the goods will be delivered to the warehouse (by a third-party organization or by your company). There is also a special workplace for you to track further registration of documents under the order.
2. Inventory consumptions — Non-operational activities writes off materials for your company needs. The document can be issued both independently and based on the Inventory consumption order. This allows you to plan material consumptions.

3. Product kitting executes assembling the final product from components and disassembling the final product into components, including:

• Kitting when the components are written off from the warehouse and the finished kit is received.
• Reverse kitting when the kit is written off from the warehouse, and the components with the specified cost share are delivered to the warehouse.

4. Inventory count sheet compares actual warehouse balances with data in the application. Inventory count process includes generation of inventory count orders and separate registration of surpluses or shortages. When you recalculate of goods in stock, you can reflect the actual and accounting quantity of goods, as well as deviations of the actual quantity from the accounting one.
5. Other receipt of goods allows you to register operations related to return of consignment goods (materials, overalls) and register operations of recording as received of finished products manufactured by third parties.

Batches and expiration dates

Batches are used when an additional dimension of warehouse accounting is required. For example, accounting by shelf life, serial numbers, and so on. You can use batches both for product accounting and for processing defects, returns, complaints, after-sales service, as well as for monitoring the expired products and reducing losses from their write-off.

The following types of batch accounting policies are available in the system:

There are three main types of policies:

• Reference accounting. You can specify batches during shipment, purchase, and other operations, and the system does not control the balances. Information about movement of goods by batches is recorded in the relevant reports.
• By warehouse (balances). The system will know exactly in which warehouse what item is stored and what batch it belongs to. This info is kept in quantitative terms, not in amount terms. The company must first sell products from a batch that expires earlier.
• According to financial accounting (cost). In reports, you will see cost of goods by batches.

Demand fulfillment

To maintain the optimal quantity of goods in stock, Rise Business introduces the demand fulfillment tool. Its main goal is a complete timely provision of the enterprise with inventories at minimal cost. There are two demand fulfillment options: simplified and advanced.

Simplified. Demands are fulfilled through purchase orders without analyzing stock balances and future goods receipts.
Advanced. Demands are calculated in accordance with the specified supply source, taking into account the planned delivery dates and the time interval between deliveries. There are various ways to maintain stock in the warehouse:

• Purchase from a vendor
• Transfer from another warehouse
• Kitting

Mobile warehouse keeper workplace

You can simplify and automate putting-away and picking goods from storage bins, scanning barcodes, and other operations using the Mobile warehouse keeper workplace. Key features:

• Create new picking and put-away jobs and complete them.
• Put-away, move goods from one storage bin to another.
• Recalculate goods during the inventory count.
• Ship goods using filters by warehouse, wareroom, shipment date, and status.
• Check goods before shipment.
• Operations with marked products.

Conclusion

In this article, we have provided an in-depth overview of Rise Business's advanced warehousing capabilities, demonstrating how it can streamline and automate your warehouse management processes. Additionally, we have highlighted its effectiveness in maintaining optimal stock balances, ultimately reducing order fulfillment time and material costs. To discover how Rise Business can propel your business to new heights of success, don't hesitate to get in touch with us.