Warehouse Management System (WMS) is a software application designed to support and optimize warehouse functionality and distribution center management.
An asset tracking system comprises two parts – hardware and software. Depending on the assets to be tracked, the hardware part may include GPS trackers, barcodes, QR codes or RFID tags.
In the distribution and logistics of many types of products, track and trace or tracking and tracing, concerns a process of determining the current and past locations of a unique item or property
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Inventory tracking consists of the systems and policies designed to monitor the movement of inventory. Many years ago, companies tracked inventory manually with a system known as the card system or cardex.
Radio-frequency identification (RFID) uses electromagnetic fields to automatically identify and track tags attached to objects. An RFID system consists of a tiny radio transponder, a radio receiver and transmitter.
As per regulatory agencies, every product should be associated with a unique serial number at different levels of packaging. These codes, with the relevant information, need to be stored on a global server for product traceability in the manufacturer’s supply chain.
In commerce, supply chain management, the management of the flow of goods and services, between businesses and locations, and includes the movement and storage of raw materials, of work-in-process inventory, and of finished goods as well as end to end order fulfillment from point of origin to point of consumption
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