On a good day, businesses around the world have to deal with an overwhelming number of order management processes. Maintaining a successful enterprise in this climate takes a lot more than just receiving orders and browsing through inventory management software and order management systems. Teams have to effectively work with their third-party (3PL) providers, handle a tangled web of shipping schedules, ensure that their inventory is properly synced up with their sales channels and that’s not even everything.
Compare Top Inventory Management Software Leaders
Luckily, in a world full of endless tasks, data entry and headache-inducing phone calls, a successful order management integration can take most of the pain out of your critical ordering and receiving processes. In this article, we’ll talk about what these systems are, how they can help your business and who the top players in the market are.
What is an Order Management System?
It can be tempting to hit Google and dive straight into the inventory management marketplace. However, if you don’t go in armed with everything these systems can, and should, do you could end up hurting your business more than helping it. If you’re a veteran of the order management system (OMS) game, you can probably skip down to our list of top suites on the market.
For those looking at their first or second system, stick around and let us give you the low down on what these systems do and how they can support your enterprise.
Order management systems do much more than just simplify tasks related to ordering. These powerful solutions affect your customers, sales channels, suppliers, processes and the list goes on. Don’t judge a book by its cover, even though order management is only one facet of e-commerce; these systems have far-reaching advantages.
Successful order management solutions should have the ability to influence and optimize several key processes. Here are some examples of things successful order management software should bring to the table:
- Real-time inventory data updates across vital channels
- Robust order tracking
- Overstock and stock-out prevention
- Forecasting tools
- Automatic order detail distribution
A Scaling Partner
If you’re running a business, odds are you want to grow. In the world of e-commerce, this means opening up new sales channels to reach a wider selection of buyers. Sounds simple right? You’ll have exponentially more data to keep up with as you tack on more and more channels. Before long, maintaining control over the velocity and amount of orders you are dealing with will become a dangerous bottleneck.
Not only are you bound to start mixing up orders and getting clients their products late, but the effects of this traffic jam don’t stop there. Issues will continue to cascade throughout the supply chain, negatively impacting everything from basic inventory management to employee stress. Deploying the right system that meets your requirements can head this issue off before it becomes a catastrophic problem.