Logiwa Templates
WMS ROI Excel Calculator
Easily calculate the ROI of your Warehouse Management System
Software systems can be expensive in terms of both time and money. If your manual systems are working well and you’re meeting your clients’ needs, you may think that you don’t need a warehouse management system (WMS) software for your operations.
The fact is that a WMS can save your business money by creating efficiencies in how you manage inventory while setting you up for future growth.
If you’ve ever wondered if the benefits of implementing a WMS outweigh the cost, our handy WMS ROI (return on investment) calculator is the spreadsheet you’ve been waiting for.
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Easily Calculate the ROI of Your Warehouse Management System
Using data you already have, you can easily calculate the ROI of a warehouse management system. Simply enter the required values, and our spreadsheet will do the calculations for you. You will need to provide data on employees (number and hourly wage), the number of shipments and return orders, and how many hours a day and days per month your warehouse operates.
Based on the numbers you provide, the WMS ROI Excel calculator will calculate your operating costs without implementing a WMS and your operating costs after implementing a WMS. We’re confident you’ll see overall cost savings year-over-year, and you’ll wonder why you didn’t start using a WMS sooner!
What Is WMS ROI?
In simple terms, return on investment is a financial ratio used to calculate the benefits you’ll receive in relation to the costs of an investment (in this case, WMS software). ROI divides the net profit (or loss) from an investment by its cost, resulting in a percentage. For our purposes, ROI is the financial benefits—usually, cost savings over a year—for your warehouse operations after implementing warehouse management system software.
These savings can be realized in several areas, including shipping, labor force, space and storage, order returns, or picking and packing processes. A high WMS ROI means you’re saving money and improving your business processes and operations.
What is a WMS ROI Calculator?
Now that we know what return on investment means, we can see that a WMS ROI calculator will help you determine the financial benefits of implementing warehouse management system software into your operations. The calculator will show you your current costs without using a WMS and your costs after WMS implementation. It considers the costs of warehouse management system software, including the WMS set-up fee and your monthly subscription fee.
After your first year of use, you’ll no longer need to include the set-up fee, which will improve your WMS ROI even more. Month-over-month, you’ll be able to see your operating costs go down after implementing a WMS compared to your monthly costs without warehouse management system software in place.
How to Use a WMS ROI Excel Calculator Excel Template
We’ve made our WMS ROI Excel calculator Excel template very easy to use. We’ve included the average costs for set-up and our monthly subscription fee, so you only need to include the following information:
-
- Average hourly employee wage
- Average number of orders shipped per day
- Number of employees
- Percentage of return orders
- Average number of return orders per day
- Average cost per mis-shipment
- Average working days per month
- Average working hours per day
We’ve even included short explanations of each of the numbers you’ll input so that you can gather the data quickly. Once you’ve entered the data, flip over to the “ROI Results” tab to see the cost calculations before and after implementing our WMS software. The cells highlighted in green show the savings you’ll see when you implement our software.
We know you’re likely talking to other WMS providers as well. Feel free to use our WMS ROI Excel calculator Excel template to determine the ROI of different systems by changing the set-up fees and monthly costs of another system. You can then compare the potential savings between systems and choose the best option for your business. We’re confident we’ll be hearing from you soon.
How WMS Software Can Help Your WMS ROI
Our WMS ROI calculator will show you month-over-month cost savings for mis-shipment and headcount costs, but your return on investment will also be felt elsewhere throughout your business.
-
- A WMS can help you optimize your storage space, saving you money on building costs.
- A WMS can create optimized walking paths, improving the time it takes an employee to fill an order.
- A WMS can also connect with popular shipping companies to get you the best rates on shipping for your clients.
Implementing warehouse management system software in your business goes far beyond what’s shown in our calculator. We’re confident you’ll see the benefits of our WMS software throughout your entire operation, allowing you to reduce costs and grow your business.
How to Build a WMS ROI Calculator
You could take the time to build your own WMS ROI calculator, but we’ve already done that for you! All you need to do is gather your data and input it into the Excel sheet. We’ve even included handy instructions on where to put your numbers to make the calculator work properly!
Benefits of a WMS ROI Calculator
If you’re a warehouse manager looking to use your employees’ time more efficiently and reduce the number of returned orders you handle, proving the value of warehouse management system software to your IT team and CEO is essential. With hard numbers, you can show the ongoing cost savings of implementing a WMS, helping make your case for the financial investment of the software.
Using the calculator to show the costs and ROI for other systems can help leaders make the best decision to meet your organization’s warehouse management needs.
If you’re ready to determine the cost benefits of implementing warehouse management system software in your business, simply fill out the form to download our WMS ROI calculator. If you have questions about the calculator, feel free to contact a member of our sales team.
Once you’ve determined the return on investment of our WMS software, request a free demo to see Logiwa’s WMS in action and to explore the numerous benefits of a warehouse management system.
WMS ROI Excel Calculator
Easily calculate the ROI of your Warehouse Management System
Software systems can be expensive in terms of both time and money. If your manual systems are working well and you’re meeting your clients’ needs, you may think that you don’t need a warehouse management system (WMS) software for your operations.
The fact is that a WMS can save your business money by creating efficiencies in how you manage inventory while setting you up for future growth.
If you’ve ever wondered if the benefits of implementing a WMS outweigh the cost, our handy WMS ROI (return on investment) calculator is the spreadsheet you’ve been waiting for.
Using data you already have, you can easily calculate the ROI of a warehouse management system. Simply enter the required values, and our spreadsheet will do the calculations for you. You will need to provide data on employees (number and hourly wage), the number of shipments and return orders, and how many hours a day and days per month your warehouse operates.
Based on the numbers you provide, the WMS ROI Excel calculator will calculate your operating costs without implementing a WMS and your operating costs after implementing a WMS. We’re confident you’ll see overall cost savings year-over-year, and you’ll wonder why you didn’t start using a WMS sooner!
What Is WMS ROI?
In simple terms, return on investment is a financial ratio used to calculate the benefits you’ll receive in relation to the costs of an investment (in this case, WMS software). ROI divides the net profit (or loss) from an investment by its cost, resulting in a percentage. For our purposes, ROI is the financial benefits—usually, cost savings over a year—for your warehouse operations after implementing warehouse management system software.
These savings can be realized in several areas, including shipping, labor force, space and storage, order returns, or picking and packing processes. A high WMS ROI means you’re saving money and improving your business processes and operations.
What is a WMS ROI Calculator?
Now that we know what return on investment means, we can see that a WMS ROI calculator will help you determine the financial benefits of implementing warehouse management system software into your operations. The calculator will show you your current costs without using a WMS and your costs after WMS implementation. It considers the costs of warehouse management system software, including the WMS set-up fee and your monthly subscription fee.
After your first year of use, you’ll no longer need to include the set-up fee, which will improve your WMS ROI even more. Month-over-month, you’ll be able to see your operating costs go down after implementing a WMS compared to your monthly costs without warehouse management system software in place.
How to Use a WMS ROI Excel Calculator Excel Template
We’ve made our WMS ROI Excel calculator Excel template very easy to use. We’ve included the average costs for set-up and our monthly subscription fee, so you only need to include the following information:
-
- Average hourly employee wage
- Average number of orders shipped per day
- Number of employees
- Percentage of return orders
- Average number of return orders per day
- Average cost per mis-shipment
- Average working days per month
- Average working hours per day
We’ve even included short explanations of each of the numbers you’ll input so that you can gather the data quickly. Once you’ve entered the data, flip over to the “ROI Results” tab to see the cost calculations before and after implementing our WMS software. The cells highlighted in green show the savings you’ll see when you implement our software.
We know you’re likely talking to other WMS providers as well. Feel free to use our WMS ROI Excel calculator Excel template to determine the ROI of different systems by changing the set-up fees and monthly costs of another system. You can then compare the potential savings between systems and choose the best option for your business. We’re confident we’ll be hearing from you soon.
How WMS Software Can Help Your WMS ROI
Our WMS ROI calculator will show you month-over-month cost savings for mis-shipment and headcount costs, but your return on investment will also be felt elsewhere throughout your business.
-
- A WMS can help you optimize your storage space, saving you money on building costs.
- A WMS can create optimized walking paths, improving the time it takes an employee to fill an order.
- A WMS can also connect with popular shipping companies to get you the best rates on shipping for your clients.
Implementing warehouse management system software in your business goes far beyond what’s shown in our calculator. We’re confident you’ll see the benefits of our WMS software throughout your entire operation, allowing you to reduce costs and grow your business.
How to Build a WMS ROI Calculator
You could take the time to build your own WMS ROI calculator, but we’ve already done that for you! All you need to do is gather your data and input it into the Excel sheet. We’ve even included handy instructions on where to put your numbers to make the calculator work properly!
Benefits of a WMS ROI Calculator
If you’re a warehouse manager looking to use your employees’ time more efficiently and reduce the number of returned orders you handle, proving the value of warehouse management system software to your IT team and CEO is essential. With hard numbers, you can show the ongoing cost savings of implementing a WMS, helping make your case for the financial investment of the software.
Using the calculator to show the costs and ROI for other systems can help leaders make the best decision to meet your organization’s warehouse management needs.
If you’re ready to determine the cost benefits of implementing warehouse management system software in your business, simply fill out the form to download our WMS ROI calculator. If you have questions about the calculator, feel free to contact a member of our sales team.
Once you’ve determined the return on investment of our WMS software, request a free demo to see Logiwa’s WMS in action and to explore the numerous benefits of a warehouse management system.
