Wagner-Whitin
Algorithm:
A lot-sizing technique that dynamically evaluates ways of ordering
to cover net requirements to optimize ordering strategy.
WAN:
Wide
Area Network: network with a geographical spread of
more than a mile - often comprising connected LANs (q.v.).
Warehouse:
Storage
place for products. Principal warehouse activities include receipt of product,
storage, shipment, and order picking.
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.
Warranty
Costs: Includes
materials, labor, and problem diagnosis for products returned for repair or
refurbishment.
Waste:
1) In
Just- in-Time, any activity that does not add value to the good or service
in the eyes of the consumer. 2) A by-product of a process or task with
unique characteristics requiring special management control. Waste production
can usually be planned and controlled. Scrap is typically not planned and
may result from the same production run as waste.
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 centres.
Waybill:
Document
containing description of goods that are part of common carrier freight shipment.
Show 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.
Web
Browser: A
client application that fetches and displays web pages and other World Wide
Web resources to the user.
Web-enabled:
Applications that can be accessed by users over the Internet or an
intranet with a standard Web browser.
Wedge:
Interface for connecting scanning devices, mag- stripe readers, etc.
to a computer terminal, PC, or POs terminal.
What-If
Analysis:
Evaluating alternatives by changing select variables in forecasts,
plans, inventory levels, or other models and comparing results.
Wide
Area Network (WAN):
A data communications approach for linking computers distributed over
a large geographic area.
WINS:
Warehouse Information Network Standard, the EDI standard used in the
warehouse industry and compatible with UCS.
WIP:
Work
In Progress
WIP
Terminals:
Work-in-process network terminals.
WMS:
Warehouse
Management System: software to manage inventories.
Workbench:
A suite of integrated applications specifically designed for a particular
role or function (e.g., a buyer's workbench, a store manager's workbench).
Workflow:
The use of technology to connect business processes so that one event
automatically leads to another; actions automatically trigger the sending
of pre-determined messages to pre-determined individuals.
WTO:
World
Trade Organization: the only global international organization
dealing with the rules of trade between nations.
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