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Glossary & Dictionary

Operation Mangement  Dictionary

 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 
Keyword  
Walkie or Walkie-rider
Please refer Motorized Pallet Truck
Wall-to-Wall Inventory
An inventory management technique in which material enters a plant and is processed through the plant into finished goods without ever having entered a formal stock area.
WAN
Wide Area Network.
Warehouse
Storage place for products. Principal warehouse activities include receipt of product, storage, shipment, and order picking.
Warehouse Control System
Software used to control automated systems such as sortation systems, AS/RS, AGV's, and carousells in the warehouse. A WCS may also have functionality similar to a WMS just as some WMS's have WCS functionality.
Warehouse management system
Computer software designed specifically for managing the movement and storage of materials throughout the warehouse. Wms functionality is generally broken down into the following three operations: putaway, replenishment, and picking. The key to these systems is the logic to direct these operations to specific locations based on user defined criteria. Wmss are often set up to integrate with data-collection systems. Read my article on warehouse management systems.
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 real-time data transfer between the system and warehouse personnel. they also maximize space and minimize material handling by automating putaway processes.
Warehousing
The storage (holding) of goods.
Warranty Costs
Includes materials, labor, and problem diagnosis for products returned for repair or refurbishment.
Waterway Use Tax
A per-gallon tax assessed barge carriers for waterway
Wave picking
Variation on zone picking where rather than orders moving from one zone to the next for picking, all zones are picked at the same time and the items are later sorted and consolidated into individual orders/shipments. Wave picking is the quickest method for picking multi item orders however the sorting and consolidation process can be tricky. Picking waves are often designed to isolate shipments to specific carriers, routes, etc. See also batch picking, zone picking a more general definition of wave picking would simply be a method where a group of orders is released to the warehouse for picking and the next group (wave) is not released until the first wave has processed through the pick area. See article on order picking.
Wave Picking
A method of selecting and sequencing picking lists to minimize the waiting time of the delivered material. Shipping orders may be picked in waves combined by a common product, common carrier, or destination, and manufacturing orders in waves related to work centers.
Waybill
Document containing description of goods that are part of common carrier freight shipment. Shows origin, destination, consignee/consignor, and amount charged. Copies travel with goods and are retained by originating/delivering agents. Used by carrier for internal record and control, especially during transit. Not a transportation contract.
WCS
Warehouse control system (see separate listing)
Web
A computer term used to describe the global Internet. Synonym World Wide Web
Web Browser
A client application that fetches and displays web pages and other World Wide Web resources to the user.
Web Services
A computer term for information processing services that are delivered by third parties using Internet Portals. Standardized technology communications protocols; network services a collections of communication formats or endpoints capable of exchanging messages.
Web Site
A location on the Internet.
Weight Break
The shipment volume at which the LTL charges equal the TL charges at the minimum weight.
Weight Confirmation
The practice of confirming or validating receipts or shipments based on the weight.
Weight Unit Qualifier
The unit of measure that the user wants to see for weight.
Weight-Losing Raw Material
A raw material that loses weight in processing.
Weight-Point Plan
A supplier selection and rating approach that uses the input gathered in the categorical plan approach and assigns weights to each evaluation category. A weighted sum for each supplier is obtained and a comparison made. The weights used should sum to 100% for all categories.
Wharfage
A charge assessed by a pier or dock owner against the cargo or a steamship company for use of the pier or dock for the handling of incoming or outgoing cargo.
What You See Is What You Get (WYSIWYG)
An editing interface in which a file created is displayed as it will appear to an end user.
Wholesaler
Please refer Distributor.
Wide-Area Network (WAN)
A public or private data communications system for linking computers distributed over a large geographic area.
WIP
Please refer Work in Process.
Wire-guided
Term used to describe vehicles that use a wire embedded in the floor to guide the vehicles. Wire guidance systems are frequently used with order selectors and turret trucks in very narrow aisle applications. They are also used with automated guided vehicles.
WMS
Warehouse management system (see separate listing)
WMS
Please refer Warehouse Management System
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.
Work-in-process (WIP)
Generally describes inventory that is currently being processed in an operation, or inventory that has been processed through one operation and are awaiting another operation. Wip is actually an inventory account that represents the value of materials, labor, and overhead that has been issued to manufacturing but has not yet produced a stockable item. Depending on how your accounting and inventory systems are set up, it may also include components picked for production usage or finished products awaiting final inspection.
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.
World Wide Web (WWW)
A "multi-media hyper-linked database that spans the globe" providing information on desktop and handheld computers and other devices such as web compliant phones and televisions. Unlike earlier Internet services, the "web" provides more than just text combining text, pictures, sounds, and even animation in a graphical user interface for ease of navigation.
WPA
With particular average. See Marine Cargo Insurance.
WTO
Please refer World Trade Organization
WWW
Please refer World Wide Web.
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