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Logistics Glossary - W
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Warehousing: The storing (holding) of goods.
Warehouse Management System (WMS): The systems used in effectively managing warehouse business processes and direct warehouse activities, including receiving, putaway, picking, shipping, and inventory cycle counts. Also includes support of radio-frequency communications, allowing realtime data transfer between the system and warehouse personnel. They also maximize space and minimize material handling by automating putaway processes.
Wholesaler: See Distributor
Work-in-Process (WIP): Parts and subassemblies in the process of becoming completed finished goods. Work in process generally includes all of the material, labor and overhead charged against a production order which has not been absorbed back into inventory through receipt of completed products.
World Trade Organization (WTO): An organization established on January 1, 1995, replacing the previous General Agreement on Tariffs and Trade GATT that forms the cornerstone of the world trading system.