Features of an Order Management Dystem
Order Management System (OMS) is software used by many industries to enter and manage order processing. OMS will generally be an integrated system supporting order entry, order management, and order delivery. Preferably it should be a centralized system with online updates, so that customers, sales representatives, and delivery agents can all access and update the same system and up-to-date information is available to all.
Orders can come from many sources, eg. Customer calls, faxes, e-mails, EDI, mobile devices (salesmen carrying mobile devices), internet, etc. Order Management will include: Order Search, Customer Search, Order Modification, Approval, Cancellation, Order Copy, Product Search, Product Choice, etc. There can be many delivery mechanisms eg. Door Sales, 3PL, External Carrier, Customer Pick-up, etc. You can also learn more about order management system through getfocalsoft.com/features/order-management/.
Credit verification or payment processing is done to check the validity and/or availability of funds. Once entered, valid orders are processed for warehouse fulfillment, such as picking/packing/shipping. Distinctive Features of an Order Management System
1. Marketing Information (Catalog, Promotions, Pricing)
3. Seller (buying and receiving)
4. Customer Information and Search (Names, Addresses, Order History, Preferences, Product Listing, Pricing, Taxes, Credits, Promotions, Customer Bill-To, Ship-to, Alternative Ship-to, Support for Customer Hierarchy, etc.)
5. Product information and search (description, specialty description, inventory information (local warehouse/remote warehouse location, quantity, product replacement, complimentary items, product kit/group)
6. Pricing (Rules-based: Inventory, Cost-up, List-down, Specific and General Contracts, Discounts, Promotions, Best Price Comparison, and Item/Group Columns/Volumes)
7. Tax (Order Level or Line Level Jurisdictional Sales Tax)
8. Billing Terms
9. Credit Limit Management
10. Order Entry (Via Sales Order, Quotation, Credit Memo, Special Order, EDI)
11. Customer Order History
12. Customer Order Terms and Preferences