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Logistic Glossary – Letter W
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.
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.
Warehouse Storage place for products. Principal warehouse activities include receipt of product, storage, shipment, and order picking.
Warehousing The storage (holding) of goods.
Warranty Costs Includes materials, labor, and problem diagnosis for products returned for repair or refurbishment.
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.
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. Also see Categorical Plan.
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.
Wholesaler See Distributor.
WMS See 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.
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.
WPA With particular average. See Marine Cargo Insurance.
WTO See World Trade Organization
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