Order management is often a confusing and time-consuming process, particularly for small businesses with limited spare time. As such, efficient order management systems have evolved to be mission-critical applications for excelling in customer service performance. Making on time and accurate deliveries are especially important for keeping wholesale clients happy. For these customers, one crudely managed shipment easily impacts your large volume orders in the future. Consequently, we highlight 5 key reasons to invest in a modern order management system.
Various factors influence order fulfillment, including inventory administration, lead times, and carrier dependability. Identifying the primary pain points become a higher priority when profits become impacted. As soon as the warehouse backroom utilization levels have been optimized, focus on new areas to take the business to the next level. A great choice is introducing a modern online ordering management system for increasing sales and productivity.
Order management systems (OMS) are platforms that manage sales, orders, inventory, and fulfillment. Furthermore, it enables the correct people, processes, and partnerships to fulfill customer orders efficiently.
It can also empower customers by providing an online ordering feature. Customers can self manage their accounts by automating orders, approving invoices, and paying online. Typically, customers also generate procurement reports, delivery analytics, and download tax invoices through the online order management system. Here are just 5 of many benefits of an order management system.
It is true that some customers value personal assistance during the procurement process. However, many are viewing traditional ordering as inefficient. B2B customers ordinarily understand what products are needed and when. Additionally, in the situation where a rush delivery is required, the bottlenecks of traditional ordering are avoided. Ordering and purchasing products in a single streamlined transaction are precisely what today’s customers expect. An online order management system allows customers to efficiently self-manage routine orders. A leaner customer support team can do more by managing customers with unique or complex order requirements.
Nothing is more crucial than getting the order right the first time. For this reason, online order management pays because of its reliability and accuracy. In contrast, manually processing sales typically involve higher rates of error. Additionally, online ordering reduces error frequency. Protect your brand’s reputation by eliminating mistakes. Developing a strong reputation for efficiency and reliability makes you more competitive. Low error rates through automation reduce the need for manually checked orders. As such, you reduce lead times.
Processing orders manually is a labor-intensive process. It often costs your business a substantial amount of capital, but also time. Online ordering reduces the time wasted processing orders. Office personnel is free to work on your core business tasks. The online order management system also automates other tasks. Labeling, paying, and confirmation communications are now automated based on information currently provided by the customer.
Just as online ordering reduces wasted time for the backroom, the sales team administrative overhead activity also gets reduced. When sales teams are allowed to focus more on marketing and sales, you boost growth potential. Consider this simple concept when evaluating the pros and cons of investing in an online order management system. The bottom line is these systems increase the company’s capacity to pursue new business, retain valuable clients leads, and plan sales strategies.
The delay between an order getting placed and the relevant stock changes manually entered into an inventory management system is not always easily recognized. Thus, the perceived impact is insignificant. Regrettably, when the business receives a sudden surge in orders, the lag time between entering an order and it getting processed generally increases. Unexpected delays prevent a business from scaling. However, an online order management system automates routine orders and exposes demand spikes. Reports and analytics can show spikes as seasonal or predictable events to better deal with inventory shortages.
TIME TO EVALUATE OPTIONS
Selecting the best order management system is similar to other business digital infrastructure improvements. You must define your key requirements and then match those to the opportunities offered by different vendors. The main point is you begin the evaluation process, especially if you are using outdated labor-intensive processes to manage sales and inventory now. Embrace future thinking and see your company grow after investing in an online order management system.