What is a Warehouse Management System (WMS)?
Warehouse Management System (WMS) Definition
A warehouse management system (WMS) is a software application that helps businesses manage and control their warehouse operations. With the help of a WMS, companies can keep track of inventory levels, manage orders, and optimize their warehouse space. Essentially, a WMS serves as the central nervous system of a warehouse, ensuring that everything runs smoothly and efficiently. Some of the key features of a WMS include:
- Barcode scanning
- Automated data collection
- Real-time analytics
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The benefits of implementing a WMS are numerous, including increased accuracy, faster order fulfillment, and improved customer satisfaction.
A multi-vendor commerce business has different needs for a WMS than single vendor commerce. Commerce platforms made for single-vendor typically have a low cap on warehouses. In a marketplace model, you need the ability to add many warehouses owned by different sellers.