One of the biggest risks when scaling up is running out of stock, which can lead to lost sales and unhappy customers. A 2024 Accenture study found that 54% of customers won’t return to a business after experiencing a stockout, making it vital to maintain optimal stock levels at all times.
With Inventory Management Solutions, you can use historical data to predict demand trends and set automatic reorder points. This ensures you’re always well-stocked without over-ordering. For example, Canary7’s Inventory Management System Software provides real-time insights into your inventory levels, so you’ll know when it’s time to reorder, avoiding unnecessary stockouts.
By automating the reordering process, you’ll not only save time but also ensure that your shelves are always stocked with the right products, no matter how quickly your business is growing.
5. Leveraging Cloud-Based Technology for Seamless Scalability
A key advantage of modern WMS systems is their ability to scale effortlessly with your business through cloud-based technology. According to Gartner’s 2024 forecast, over 75% of businesses are expected to adopt Cloud Based WMS by 2025, thanks to their flexibility and remote access capabilities.
With a Cloud Based Inventory Management System like Canary7, you can manage your entire warehouse from anywhere in the world. Whether you’re on the warehouse floor or working remotely, real-time updates on inventory levels, order statuses, and employee tasks are accessible from any device. This allows you to scale your operations seamlessly, ensuring that your business can grow without the burden of managing on-site systems.
The cloud also offers enhanced cybersecurity measures, protecting your sensitive data and ensuring compliance with industry standards. As your business expands, safeguarding your data becomes increasingly important—especially when dealing with customer information.
6. Maximizing Warehouse Space for Efficiency and Growth
Warehouse space optimization is crucial for maintaining an efficient workflow, especially when scaling up. A 2024 Prologis report highlights that the demand for warehouse space is expected to rise by 40% by 2025, emphasizing the need for businesses to make better use of their existing storage.
A WMS for Manufacturers can analyze your available space and suggest ways to organize products more efficiently. This may involve categorizing stock based on demand or creating accessible picking routes for high-turnover products. Canary7’s Best Warehouse Management Systems, for instance, allows you to designate specific zones for product categories, ensuring faster retrieval times and reducing clutter.
By optimizing your warehouse layout, you can store more products, reduce operational costs, and create a smoother workflow—all while accommodating business growth.
Make Scaling Up Stress-Free with Canary7’s WMS
