Warehouse Management System Cost & Features & Examples

October 17, 2024

Are you among those industries that reported human error as the primary cause of inventory fulfillment issues?

Don’t stress now, it’s time to count among the rising businesses that have automated more than half of warehouse operations to grow seamlessly by using technology. 

Automating and optimizing operations aren’t the only offerings of tech-driven systems.

They also help you improve inventory management, streamline order fulfillment, and enhance overall supply chain efficiency, provided you have the right warehouse management system features.

But why do you need a Warehouse Management System – WMS?

As the business expands, effectively managing warehouse operations becomes an essentiality.

Well, this is because orders get delayed due to manual processes, which leads to stockouts, and the workforce needs more efficient labor allocation.

However, if you want unstoppable growth in your business, investing in warehouse management system examples, inventory management, inventory tracking, cloud computing etc, or upgrading its features plays an essential role. 

Well, this is because a warehouse management system with the right features can lead to real-time inventory visibility, automate order fulfillment, optimize warehouse layout, efficient labor management, and data-driven insights.

This directly enhances customer engagement, cost reduction, and increased operational efficiency, among other achievements.

So, do you know what features to include and, most importantly, what will be the warehouse management systems costing?

Let’s find out in this post. Below is a detailed guide on the warehouse management system cost and the unique features businesses must integrate.

Warehouse Management System Cost

So, talking about the warehouse management system cost, let us tell you that if you hire a worthy development company, it will cost you between $25 and $50 based on per hour.

However, this is just an estimate. The overall warehouse management systems costing can be influenced by several factors, including the complexity, the size of your business, the level of automation, customization etc.  

Here are the factors explained in detail that are influencing the costing of the warehouse management system:

Factors Affecting the Warehouse Management System Cost

WMS Development Cost As per Software

Software Type	Description	Costing Range
Medium	This suits businesses completing up to 5000 orders and includes inventory management.	$400 per month
Large	It includes all the features of the medium plan and is for businesses fulfilling up to 15,000 orders. It can accommodate multiple warehouse sites and brands.	$800 per month
Custom	It includes all of the features on the large plan and can be customized with additional features, such as the mobile barcode scanning app, to suit your organization’s needs.	$1000+ per month

WMS Development Cost As Per Complexity Of An App 

WMS Complexity Type	Estimated Cost	Time Frame
Simple	$30k- $60k	3 to 6 months
Moderate	$75k-$120k	6 to 8 months
High	$135kto $250k	9+ months

WMS Development Cost As Per Size And Scale 

Project Scale	Estimated Hours	Hourly Rate
Small (Basic)	200 – 400	$50 – $100
Medium (Standard)	400 – 800	$50 – $100
Large (Advanced)	800 – 1200	$50 – $100
Enterprise (Complex)	1200 – 2000	$50 – $100

WMS Development Cost As Per Number Of Features Included

Number of Features	Estimated Development Hours	Cost per Hour
1-5 (Basic)	100	$50
6-10 (Standard)	200	$50
11-20 (Advanced)	400	$50
21-30 (Premium)	600	$50
31+ (Enterprise)	800+	$50

WMS Development Cost As Per The Integration With Other Systems

Integration Type	Estimated Hours	Cost per Hour
Basic System Integration	—	—
Inventory Management System (IMS)	40	$100
Order Management System (OMS)	50	$100
Customer Relationship Management (CRM)	60	$100
Enterprise Resource Planning (ERP)	80	$100
Advanced System Integration	—	—
Transportation Management System (TMS)	70	$100
Supply Chain Management (SCM)	90	$100
E-commerce Platforms	100	$100
Custom Integration	—	—
Legacy Systems	120	$100
Custom APIs	150	$100

WMS Development Cost As Per The Geolocation 

Geolocation is another factor impacting the warehouse management systems costing.

Businesses can experience a huge difference in the cost range of Shopify experts from different locations.

The difference is usually due to the variation in market demand and cost of living in the different regions. 

In fact, the cost also depends on the market’s economic condition. If the market experiences inflation, the price will also vary in an economic downturn. 

Region	Per Hour Cost ($)
USA	$30 – $45
Canada	$30 – $50
UK	$40 – $65
Australia	$25 – $55
India	$20 – $35
Europe	$40 – $60
Africa	$25 – $45

WMS Development Cost As Per Industries

Industries	Costing
Manufacturing Industry	$100 – $150
Healthcare Industry	$120 – $170
Third-Party logistic companies	$110 – $160
Wholesale distributors	$90 – $140
Consumer Goods and Retail	$95 – $145

Key Features To Include In A Warehouse Management System 

Integrating features in the warehouse management system influences the success of your business.

These features collectively contribute to a WMS that can handle complex warehouse operations efficiently, improve accuracy, and provide valuable insights for better decision-making.

1. Inventory Management

Effective inventory management is crucial for any warehouse management system (WMS). The software should provide real-time tracking of inventory levels, allowing warehouse managers to monitor stock quantities and locations accurately.

Detailed product information, including batch and lot tracking, ensures that items are properly identified and managed.

Additionally, automated reordering and stock replenishment alerts help prevent stockouts and overstock situations, ensuring that inventory levels are optimized at all times.

🠊 Related Reading – AI in Inventory Management System

2. Order Management

A robust WMS must streamline order processing and fulfillment to improve efficiency and customer satisfaction. Integration with e-commerce platforms is essential for seamless order management, enabling the system to handle online orders efficiently.

Features for managing returns and exchanges are also important, as they help warehouse staff process these transactions quickly and accurately, maintaining a high level of service quality.

3. Barcode and RFID Scanning

To enhance accuracy and speed in warehouse operations, the WMS should support barcode and RFID scanning. These technologies enable precise tracking of items throughout the warehouse, reducing errors and improving inventory accuracy.

Barcode and RFID scanning capabilities also streamline the receiving, picking, packing, and shipping processes, making warehouse operations more efficient.

4. Reporting and Analytics

Comprehensive reporting tools are a vital component of any WMS. These tools provide detailed insights into inventory levels, order status, and overall warehouse performance.

Advanced analytics capabilities allow warehouse managers to forecast demand, analyze trends, and monitor key performance indicators (KPIs).

This data-driven approach helps in making informed decisions, optimizing warehouse operations, and identifying areas for improvement.

5. Mobile Accessibility

In today’s fast-paced warehouse environment, mobile accessibility is a must-have feature. A WMS with mobile-friendly interfaces or dedicated apps enables warehouse staff to access the system on the go, using handheld devices.

This mobility allows employees to perform tasks such as receiving, picking, and inventory counting more efficiently, reducing the need for stationary workstations and increasing overall productivity.

6. Integration Capabilities

A WMS must be compatible with other essential business systems, such as ERP (Enterprise Resource Planning) and CRM (Customer Relationship Management) to ensure seamless operations.

API support is crucial for custom integrations and data exchange, enabling the WMS to communicate effectively with other software solutions.

This integration ensures data flows smoothly between systems, eliminating manual data entry and reducing errors.

7. User-friendly Interface

A user-friendly interface is essential for successfully adopting and using a WMS. The software should have an intuitive and easy-to-navigate design, allowing users to perform tasks quickly and efficiently.

Customizable dashboards and workflows enable warehouse managers to tailor the system to match their needs, enhancing usability and ensuring that the WMS supports their unique operational requirements.

RichestSoft the Only Partner For Your Business Needs 

While you are aware of the warehouse management system cost, you need to know something! It’s not all about money; it’s about having the right solution at the right time.

And for a successful business, you can’t afford to fall into the wrong hands.

However, the ability to choose the correct partner is essential for a successful outcome.

With an app development team of qualified and seasoned professionals like RichestSoft, you can employ agile methodologies and effective project management techniques.

Drawing on our expertise in custom AI development for your business, we offer a high-quality WMS solution within the allotted budget and timeframe. 

RichestSoft specializes in customizing WMS solutions to meet specific business requirements.

Understanding particular needs, workflows, and goals aids in developing specialized features and functionalities.

This strategy reduces complex features and issues, reducing Warehouse Management Systems cost while providing it accurately to meet the organization’s requirements.

Conclusion

Overall, we hope you are now aware of the cost of the warehouse management system and what features you can include in the WMS software for potential growth.

However, remember you can not just expect a successful business ahead with WMS if you do not include the right decision for your development.

A WMS development company, like RichestSoft, is all you need for your development.