Warehouse Management Systems Market

Warehouse Management Systems Market : increase speed and efficiency in the internal Parts
Warehouse Management Systems Market - Global Industry Analysis, Size, Share, Growth, Trends
and Forecast, 2014 - 2020
Warehouse Management System (WMS) is a software suite; an integral part of Supply Chain Management
(SCM) that delivers the ability to map any warehouse structure (irrespective of the size) according to the
specific requirements of the SCM process. It optimizes the management, storage and distribution of products
or raw materials. It also helps to increase speed and efficiency in the internal movement of goods.
The established (old) businesses have systems that are ten-plus years old and are too expensive to configure,
maintain, upgrade and have outdated functionality. Currently, as existing solutions have matured and more
replacements are expected in the near future, which is expected to drive the market demand for WMS
systems. These solutions are evolutionary, with built-in enhanced functionalities and better integration with
other supply chain management systems, to ensure quick modes of delivery. One of the key factors
contributing to this market growth is increased adoption of warehouse management systems by small and
medium-sized businesses. But, the main challenge faced by these businesses is the high cost associated with
the deployment of WMS solutions.
However, integration of software-as-a-service (SaaS) model in WMS has resulted in reducing the ownership
cost. It provides WMS as a service by a third party, hosted via cloud-based computing, which these
companies can outsource. This gives more flexibility to companies to focus on their core business. It not only
brings efficiency in the overall supply chain inventory levels but reduces the allowances for holding
executions and recalls at all warehouse sites, thereby contributing to the market demand.
Demand for WMS is high in transportation and logistics industry, with many providers offering
transportation management systems (TMS) as part of integrated WMS solutions. Huge demand from
pharmaceutical and biotech, retail, food and beverages industry is seen during the forecast period due to the
advanced customization capabilities of warehouse management systems with hand-held Radio frequency
(RF) devices. Such integrations ensure high mobility among workers and increases productivity by providing
high levels of accuracy in picking goods through navigational assistance for movement within the
warehouse. In addition, many WMS vendors are now offering labor management systems (LMS).
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Integration of warehouse management systems with LMS can offer a significant return on investment with
reduced labor costs, minimum dependency on temporary labor hired during peak periods, and other interface
applications such as attendance of the employees. Semiconductor, automobile, and electronics industries too
has high demand for WMS owing to growing trend of manufacturing units being set-up or outsourced in the
emerging countries to lower the production cost. However, benefits of plant relocation or outsourcing can
only be realized when there is accuracy in the delivery of right component at the required place without any
delays in delivery. This is ensured with WMS, wherein such rich levels of WMS integration helps companies
with agility and responsiveness in their businesses, with the changes in market dynamics.
Asia-Pacific regions, such as China, India, Thailand and Mexico, among others, will be the most emergent
markets for warehouse management systems due to a shift of manufacturing units to these countries for their
cost-effective production advantages. Major MNC’s have their base units and warehouses in North America,
Europe and Japan and with consistently rising demand for delivery of important components to and from
other warehouses, market for WMS will see tremendous demand in these regions.
Some of the key vendors providing WMS solutions are SAP AG, HighJump Software Inc., Manhattan
Associates Inc., Oracle Corp and RedPrairie Corp. Other prominent vendors include AGI Worldwide Inc.,
Reply S.p.A., Softeon Inc, Asgard Software Inc., Automation Associates Inc., Advanced Systems Consultants
Inc., BFC Software Inc., Cadre Technologies Inc., HAL Systems Corp., Deposco Inc., Infor Inc., and
Logitity Inc., among others.
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Warehouse Management System (WMS) is a software suite; an integral part of Supply Chain Management (SCM) that delivers the ability to map any warehouse structure (irrespective of the size) according to the specific requirements of the SCM process. It optimizes the management, storage and distribution of products or raw materials. It also helps to increase speed and efficiency in the internal movement of goods.

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