The Satellite Review Magazine The Satellite Review Magazine Vol 1 | Page 28

6 Important Factors... (cont.) frequently overlooked — considerations when acquiring WMS/WCS software. For many years, customer service was an afterthought. Today, it is a critical factor that sets companies apart. Successful vendors know that word-ofmouth reputation is vital, and one bad experience can make or break a firm. Do not be afraid to ask for references and speak candidly with current vendor customers. To understand the support model a provider offers, start by looking at the level of support and service a vendor is willing to give before, during and just after product installation. Review how the provider handles customer training as well. Is the vendor willing to do hands-on training? Are they willing to come on site and work with staff to not only understand the application but also how the application runs in the customer’s unique environment? Evaluate the availability of support as well. Is the vendor always available (24/7) or accessible only on a 24/5 basis? Does the vendor charge more for after-hour support? Above all, determine whether the vendor can get you what you want when you need it — or at least provide a credible timeline for receipt. Honesty and integrity are two of the most important characteristics a vendor should possess in its dealings with its customers. Factor #3: Software Features WMS/WCS software can provide a variety of features. Clearly, the core features encompass areas such as: inventory management, lot or batch tracking, order processing functionality, and product movement tracking. Beyond these offerings, the application should run on multiple platforms. Remember, WMS applications deal more with the administrative tasks of a warehouse, such as managing product and its turn, lifecycle and placement. WCS software is directed more toward equipment control, storage optimization, and processes for optimal product retrieval. Factor #4: Cost Of course, all companies must consider return on investment (ROI) or how long it takes to pay back the capital investment. Most firms consider a good investment to be one in which ROI occurs within one to five years. The return can come in many forms, including labor savings and economies available through inventory reduction. The accuracy of the information a WMS/WCS provides—and the business advantage such data offer—is an often overlooked consideration that adds to ROI. It’s not strictly about headcount reduction, and dollars and cents. Factor # 5: Consistency In an ideal world, businesses would prefer a streamlined system to run all the logistics of warehouse operations seamlessly. Having one vendor’s enterprise resource planning (ERP) system and another’s WMS/WCS, etc., can create issues. Yet, each application serves a unique purpose, and different organizational units possess distinct preferences and separate purchasing efforts. So, the ability to integrate the candidate WMS/WCS across an enterprise is important. Here again, the reliability of the information output is a concern. When information exchange between the ERP and the WMS/WCS is optimal, the entire supply chain performs better. And, more and more, businesses are focusing on optimizing their complete supply chain. Factor #6: Long-Term Supportability Most experts estimate that annu [