Supply Chain Logistics Glossary
W
WAREHOUSE MANAGEMENT SYSTEM (WMS)
Computer application, and component of SCE packages, with the goal of managing and optimizing warehouse operations.
WEB-EDI
See EFI.
WEIGHTED AVERAGE UNIT COST
Method of valuing stock issues by calculating the average unit value of stock on –hand as the total value of the stock divided by the quantity stocked.
WORKFLOW
Generic term designating software for managing a process (a production workflow for example).
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Source: www.logistics-mag.com
