Warehouse Management System (WMS)

Warehouse Management System (WMS)

Software designed to manage and optimize warehouse operations, including receiving, storing, picking, and shipping inventory. WMS provides real-time visibility into inventory levels, improves order accuracy, and streamlines warehouse processes for increased efficiency and productivity.

Related Terms

Yield Management

A pricing strategy used to maximize revenue by varying prices based on demand and inventory levels.

Convenience

A small-format retail outlet that offers a limited selection of basic and immediate consumption items, such