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

Market Basket Analysis

A data mining tool used to identify patterns of items frequently purchased together by analyzing transaction

Purchase Frequency (PF)

Refers to the rate at which customers make purchases within a specific timeframe. It offers businesses

Excess Inventory

Also referred to as surplus inventory, denotes the surplus stock held by a company beyond what