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

Velocity Analysis

A method of analyzing sales data to identify products with high sales velocity. Velocity analysis helps

Prestige Pricing

A pricing strategy where products are priced at a premium to signal superior quality and status,

Purchase Frequency (PF)

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