Order management systems are already a great leap forward in terms of inventory visibility, accurate order management and order synchronization. But let’s take a look at how cloud based order management services can provide several further benefits to your business to help you automate and deliver better delivery of product to customer on time every time.
What Are Cloud Based Order Management Systems?
Cloud based order management systems are order management systems which utilize cloud storage and data exchange. This might seem like its not much of an add on to a standard order management system but actually there are several major benefits.
Order management systems offer advanced order management and inventory tracking and logging across multiple sites and thousands if not millions of SKUs. They synchronize order and inventory warehousing with EDI solutions so that you can have end to end visibility across multiple sales channels, and also customers can check inventory levels as well. Order management systems greatly decrease manual data entry by creating an integration with back office systems and your accounting software.
The Benefits of a Cloud Based Order Management System
The main benefit of adding the cloud element to your order management system is that you now have access to data anywhere in the world where you can get internet access. You don’t need to be at a terminal in your warehouse to check numbers and generate report, you can access the data and also run functions from smartphones, laptops, tablets and any other device.
Inventory control is maximized across your business through synchronization of multi orders and inventory status. Your customer’s demand for accurate and timely order tracking can be delivered as well as on demand order stock levels which already have allocated stock deducted, and are updated as soon as inventory reaches your warehouses.
You will have end to end visibility of inventory through reports which can be divided across sales channels or collated when required. You can measure your inventory by volumes, item, demand, availability, allocation and sales to help with demand management and setting of stock re-ordering thresholds, which can also be automated. This also allows you to monitor total product costs and calculate landed costs of products.
Customer fulfillment is optimized using a cloud based order management system, as end to end order management provides flexibility around supporting bulk ordering for corporate customers, or single SKU fulfillment programs for direct to consumer sales channels including your own e-commerce system.
Adding Dropship Enablement to Your Supply Chain
Another major benefit of cloud based order management systems is that it is easy to plug in dropship suppliers, allowing you to greatly increase the number of products and SKUs you can list for your customers. Fulfillment of the delivery will be from your supplier, without the product touches your warehouse, but from the customer’s point of view the product came from you and they were able to track it through your system as their stock was allocated, packed, shipped and delivered.