What is a WMS (Warehouse Management System? Definition & Importance
WMS or warehouse management system, is a software that helps businesses to track and manage inventory within a warehouse. It can include managing stock levels, tracking incoming and outgoing shipments, and calculating reorder points.
A Warehouse management system is used in various settings, including manufacturing, warehousing, and retail. WMS can streamline the warehouse management process starting from receiving goods, stock level tracking, packing shipments and despatch.
Businesses must have a WMS to ensure that inventory is properly managed and controlled. Without a WMS, companies would likely face significant inventory issues, including lost or damaged goods, and struggle to track stock levels. A WMS provides businesses with the necessary visibility and tools to manage their inventory effectively and efficiently.
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