Order ManagementKnowledge Center |
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Here we exchange knowledge and experiences in the field of Order Management.
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What is Order Management?Order Management (OM) is the process of order capturing, tracking, and fulfilling customer orders. For proper execution, the process involves real-time visibility into the entire order lifecycle starting from the placement of order and ensuring that orders (SKUs)
are not lost, delayed, or corrupted during the fulfillment process. The OM system may also comply with and support parcel carriers and provide sophisticated,
centralized freight management and tracking/tracing capabilities. Clients, customer service representatives account managers and suppliers will thus have the ability
to track real-time inventory levels for each SKU and inquire about order and shipment status. Order Management SystemsWhen scaling a business, it's important to automate and streamline the OM process. Otherwise, you might eventually be overwhelmed by too many orders coming in
and/or too many logistical/fulfillment issues. Order Management Cycle StagesThe main stages/statuses (there can be more!) in an order management cycle are:
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