Posts Tagged ‘ABC Classification’

The Difference Between Inventory Management and Warehouse Management Systems

Although Inventory Management and Warehouse Management terms are used interchangeably, there are subtle differences between the two. Understanding these differences is important when choosing what system to get. There are various Inventory Management Systems (IMS) and Warehouse Management Systems (WMS) software packages on the market. There is also a lot of misunderstanding and misrepresentation about different packages. For example some Warehouse Management Systems have different tiers (most common Tier 1, Tier 2 and Tier 3) defined by warehouse size, turnover speed and complexity. Complexity Inventory Management Systems tend to be simpler. Most commonly used for items, locations, receiving and shipping…

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