Benchmarking

Definition: What is Benchmarking? Comparing an organization’s quality of corporate systems, policies, products, programs and strategies to standard measurements as well as to other companies’ results is known as benchmarking. Results are used to help determine if and what improvements and/or changes are required in any of the benchmarked fields, as well as analyzing competitors’ …

Labor Management Systems

Definition: What are labor management systems? Software programs that integrate with warehouse management systems (WMS) to provide management with information about warehouse labor resources are known as labor management systems (LMS). Labor resources usually count as the single biggest cost associated with operating a warehouse. An LMS can help track productivity reporting and planning capabilities. …

Warehouse Management System

Definition: What is a warehouse management system? Software applications that allow management to have centralized control over day-to-day warehouse operations, including inventory locations and stock movement are called warehouse management systems (WMS). WMS tasks include control of the movement and storage of goods within a warehouse, processing the associated transactions such as shipping, receiving, putaway …

Scalability

Definition: What is scalability? In pure economic terms, scalability allows a system (or a network or a process) to handle a growing amount of work in a capable manner or its ability to be enlarged to accommodate that growth. In Raymond Handling’s special case, scalability permits the company’s own iWarehouse® system to size up or …