A Warehouse Management System (WMS) is a software application designed to optimize, manage, and support warehouse from the time goods or materials enter a stockroom until they move out. WMS includes operations such as inventory management, picking process, and auditing. WMS is usually the central unit in the software structure of a warehouse. The execution of warehouse management lets an organization to improve its competitive advantage by minimizing labor expenses, enhancing customer service, improving inventory accuracy, increasing flexibility, and responsiveness. In practice, the terms Inventory Management System and Warehouse Management System are often used synonymously.

Types of warehouse management systems:

Warehouse management systems come in a variety of types and implementation methods, and the type typically depends on the size and nature of the organization, each type of warehouse, sets them apart from the rest in various ways. The most popular types that are used frequently by businesses are:

• Standalone System is often the lowest in price but also tends to lack many of the benefits from an integrated WMS solution. Standalone systems are mostly limited to basic warehouse management features. Standalone systems are great for small businesses or businesses that don’t have a large software budget. These systems can be used as inventory management systems and utilized in fields outside of warehouse management.
  

• ERP Modules, Enterprise Resource Planning(ERP) is a software used to manage the resources of the whole organization or enterprise. ERP can replace many other software applications due to its large scope, thereby centralizing your operations into a single interface. ERP may be a good option for your business.
  

• Cloud-Based WMS software is a SaaS (software-as-a-service) model that is completely web-based. The benefits of cloud-based WMS software include better flexibility, disaster recovery, scalability, and security. It can supply the same benefits of a more traditional WMS while also providing faster implementation and lower costs.