A Warehouse Management System keeps track of the storage and movement of items in a warehouse or distribution center. It also helps to ensure items are stored in the most efficient location and the correct items are picked and packed. WMS software also helps to manage all of the labor operations in the warehouse and monitor employee performance.
Inventory management systems help track inventory on hand, including raw materials, work in progress (WIP), final goods, and components needed to manufacture final goods. They keep track of stock levels and inform businesses if and when to produce more final goods and when materials and components are needed to manufacture a product. It provides information on how much of a specific item is available, whereas a warehouse management system tells you exactly where those items are within the warehouse right down to the bin it’s located in.