How to set up webpack for a project?

In one of my project I needed to work with webpack and for this I need to install webpack and other dependency modules using npm package as follows:

npm init
npm install --save-dev webpack webpack-dev-server

in above two commands the first one is to set up node package configuration file the package.json to install node modules.

And the second line is to install depedency modules like webpack and webpack-dev-server which is the developement server to test the application locally.