Manufacturing Terms

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Warehouse Management System (WMS)

manufacturing

A Warehouse Management System (WMS) is a software solution designed to optimize warehouse operations by managing inventory and workflows.

expanded

A WMS facilitates the efficient management of inventory, improving the flow of goods throughout a warehouse with the use of digital tools. It is instrumental in tracking stock levels, optimizing storage locations, and managing order fulfillment. The integration of a WMS is crucial for reducing lead times and increasing accuracy in order processing, thereby enhancing overall operational productivity.

examples

XYZ Corp implemented the 'SAP Extended Warehouse Management' system which reduced their picking time by 30% through optimized pallet routes and storage allocations.

This system is commonly used in large-scale warehouses that require the integration of automation technologies to manage high volumes of inventory.

ABC Manufacturing employs 'Oracle Fusion Cloud WMS' to manage its inventory across multiple international locations, allowing real-time tracking and a reduction in overstock by 15%.

Typically used in multinational manufacturing companies to achieve efficient inventory visibility and control on a global scale.

related terms

Supply Chain Management (SCM)
A systematic approach to managing the flow of goods and services within a manufacturing environment.
Flexible Manufacturing System (FMS)
A Flexible Manufacturing System (FMS) is an integrated network of automated machines and tools capable of adapting to variable product volumes and types.
Vendor Managed Inventory (VMI)
Vendor Managed Inventory (VMI) is a supply chain strategy where the supplier is responsible for managing and replenishing inventory based on agreed-upon parameters.
Conveyor
A conveyor is a mechanical system that transports materials from one location to another using belts, rollers, or wheels.
Enterprise Resource Planning (ERP)
A comprehensive software platform that integrates various business processes and functions across an organization.