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What Is an Order Management System? What Functions Does It Have?

Published on: 2019-05-10

  What is an order management system? What functions does it have? The emergence of order management systems has made order processing more systematic and simpler, making them highly favored by merchants and customers. This system can accept orders independently, match customer order information with inventory information, classify different customers and their degree of urgency, and complete the task of allocating inventory to orders one by one.
  Introduction to order management systems:

  Order Management System (OMS) is part of the logistics management system. By managing and tracking customer orders, it dynamically grasps order progress and completion status, improves operational efficiency in the logistics process, thereby saving operating time and labor costs, and enhancing the market competitiveness of logistics enterprises.


Order Management System


  Functions of order management systems:
  1. Order management
  The system can handle both single and batch orders. Order management is connected with inventory management, and inventory warning and reminder functions are available when placing orders. Order management is also connected with customer management, making it possible to query historical orders and order execution status.
  2. Dealer management
  Focusing on the construction of enterprise sales channels, the system systematically plans the information flow, logistics flow, and capital flow in the supply chain, carries out comprehensive implementation and process monitoring, strengthens close business cooperation between enterprises and dealers, improves dealers' resource management capabilities by standardizing their internal business processes, and at the same time provides customers with all-round sales experience and services.
  3. Warehouse management
  Warehouse management uses barcodes as the data source and scans barcode identifiers with data collection terminals for data collection. The system manages the quantity of inventory items from different perspectives such as level, category, storage location, batch, and individual item, so that enterprises can timely understand and control the accurate status of all aspects of inventory business and effectively monitor product logistics.
  4. Inbound management
  It allows purchasers and warehouse managers to collaborate more closely, directly generate inbound orders from purchase orders, use diversified inbound methods, print inbound orders easily, and carry out simple warehouse management.
  5. Outbound management
  It makes warehouse managers' work simpler and leaves records for outbound operations. It supports association with customers, association with orders, and process approval.
  6. Inventory management

  This refers to management of stored goods for the purpose of supporting production, maintenance, operations, and customer service, so that every item has a record. It includes inventory query summaries, transfer orders, damage reports, profit surplus reports, inventory counting, cost adjustment, and so on.


Order Management System


  7. Financial management
  The system automatically generates account books such as detailed ledgers and general ledgers, financial reminders, and also handles accounting treatment, financial reports, auxiliary accounting, quotations, expenses, wage management, and so on.
  8. Statistical analysis

  Intelligent and powerful statistical analysis supports your decision-making, with more than 60 standard statistical analysis reports, big data analysis, and support for customized statistical analysis.

  The above is an introduction to the definition and functions of order management systems. Hopefully it is helpful to everyone.

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