WMS (Warehouse Management System)
Technology & SystemsA Warehouse Management System (WMS) is software that controls and optimizes warehouse operations including inventory tracking, picking, packing, shipping, and receiving. A WMS provides real-time visibility into stock levels, automates workflows to reduce errors, and integrates with other systems like ERP and e-commerce platforms. Modern WMS solutions range from affordable cloud-based options to enterprise systems, with costs typically based on transaction volume or monthly fees.
Related Terms
SKU (Stock Keeping Unit)
A Stock Keeping Unit (SKU) is a unique alphanumeric code assigned to each distinct product or variant in inventory.
Receiving
Receiving is the warehouse process of inspecting, documenting, and accepting incoming inventory shipments.
Slotting
Slotting (or slot optimization) is the process of strategically assigning inventory locations within the warehouse to minimize picking time and distance.