Industry Terms

Reading Time: < 1 minute Once the manufacturer has the raw materials on hand, the production or making of the finished goods starts. Consequently, the inventory that is getting transformed from raw materials into finished goods is known as work in progress inventory.

Reading Time: < 1 minute A warehouse management system (WMS) is software that can automate warehouse activities such as order picking, stock receiving and storage, and shipping at a single location or among several warehouses. A sophisticated WMS solution can support company-managed warehouses or integrate with third-party logistics (3PL) suppliers who manage warehouses and fulfillment operations on behalf of a […]

Reading Time: < 1 minute The process of sorting, labeling, stocking, and shipping inventory in a warehouse in an efficient and cost-effective manner is called warehouse management.

Reading Time: < 1 minute A warehouse is a large commercial building or space designed for the storage and management of goods, merchandise, and materials. It serves as a central location where businesses store their inventory before it is distributed or sold. Warehouses are typically equipped with various storage systems such as racks, shelves, and pallets to efficiently organize and […]

Reading Time: < 1 minute Labeling is the process of coding goods with a special code for better facility organization and improved logistics management. During processes like order picking and dispatch, stock coding ensures product traceability. Labels typically include important details like the item code, logistics attributes (such as weight, volume, etc.), and other crucial details like the sender or […]