What Is a Warehouse Management System (WMS)?
A warehouse management system (WMS) refers to computer programs that businesses can use to enable, coordinate, and oversee the different kinds of activities that take place in a well-organized warehouse.
Some of these activities include things like managing the inventory you have on hand and keeping it organized, retrieving items from your warehouse and preparing them for sale, and of course reviewing insights about your warehouse management processes, such as how efficiently your employees are working and how well your warehouse space is being used.
Considering all the benefits a WMS has to offer, it’s no wonder the global market for WMS was valued at $3.4 billion in 2022 and is expected to continue its remarkable growth with a projected CAGR of 19.0% between 2023 and 2030.
What Does a Warehouse Management System Do?
WMS software makes any warehousing professional’s job easier by managing many of the complex and time-consuming processes that happen every day. This can include; the picking and shipping processes, the transportation of products between warehouses, and the general business of knowing what items you have on a regular basis so you’re better prepared to meet customer demand.