Order Management Systems: Streamlining Business Intelligence

Every business irrespective of its size is profit oriented. The growth and success of any business is determined by its expansion, profit margins and revenue collected. During the initial stages of business, responding to customer needs and demands is easy as is the orders are also minimal.   However, as business expands the enterprises need to expert methods to ensure the correct procurement of products and services, track orders, sales and inventory so as to maintain better customer relationships.

The technologically enabled business world today makes use of a number of automated procurement and order management systems to maintain and manage the smooth functioning of the supply chain network. With the development of e-commerce, organizations have greater scope for business expansion and thus tend to make use of the cloud based business procurement process. Such automated purchasing process strengthens the value network of the organization by integrating the buyers and suppliers with the help of IT systems.

The cloud-based procurement systems goes way ahead of the traditional purchase order software and eases out post award management functions by automating the end-to-end workflow from order, delivery to invoicing.  Further, the use of order management systems enables the enterprises to track the progress of the product or service. Inefficiencies in the ERP system or order management process will lead to loss of revenue, hamper customer relationship and inability to integrate with eprocurement process.

The leading market player shave designed and developed order management systems, which would provide visibility and control over the supply chain activities. These systems can integrate well into the ERP and warehouse managing systems of the value networks. The cloud process based order management system has the ability to incorporate the entire logistics from order to delivery and supports a web based order placement from the customer’s ERP systems.

These cloud based order management system provide high degree of functionality through a connectivity platform that paves way for automatic allocation of transport, validation of inventory, routing details and destination, stock updates and sales orders. The system is also designed to provide real time data to supply chain organisation to ensure improved management of delivery processes. From the organizations point, these cloud process based order management software brings about a significant reduction in cost, helps to track and trace consignments. With its real-time reporting mechanism and 24/7 access, it records higher asset utilization, quicker implementation and streamlined business intelligence for a higher Return of Investment.  


Also read on - Purchase order software, Supply chain management solutions

Order Management Systems: Streamlining Business Intelligence

Every business irrespective of its size is profit oriented. The growth and success of any business is determined by its expansion, profit margins and revenue collected. During the initial stages of business, responding to customer needs and demands is easy as is the orders are also minimal.   However, as business expands the enterprises need to expert methods to ensure the correct procurement of products and services, track orders, sales and inventory so as to maintain better customer relationships.

The technologically enabled business world today makes use of a number of automated procurement and order management systems to maintain and manage the smooth functioning of the supply chain network. With the development of e-commerce, organizations have greater scope for business expansion and thus tend to make use of the cloud based business procurement process. Such automated purchasing process strengthens the value network of the organization by integrating the buyers and suppliers with the help of IT systems.

The cloud-based procurement systems goes way ahead of the traditional purchase order software and eases out post award management functions by automating the end-to-end workflow from order, delivery to invoicing.  Further, the use of order management systems enables the enterprises to track the progress of the product or service. Inefficiencies in the ERP system or order management process will lead to loss of revenue, hamper customer relationship and inability to integrate with eprocurement process.

The leading market player shave designed and developed order management systems, which would provide visibility and control over the supply chain activities. These systems can integrate well into the ERP and warehouse managing systems of the value networks. The cloud process based order management system has the ability to incorporate the entire logistics from order to delivery and supports a web based order placement from the customer’s ERP systems.

These cloud based order management system provide high degree of functionality through a connectivity platform that paves way for automatic allocation of transport, validation of inventory, routing details and destination, stock updates and sales orders. The system is also designed to provide real time data to supply chain organisation to ensure improved management of delivery processes. From the organizations point, these cloud process based order management software brings about a significant reduction in cost, helps to track and trace consignments. With its real-time reporting mechanism and 24/7 access, it records higher asset utilization, quicker implementation and streamlined business intelligence for a higher Return of Investment.  


Also read on - Purchase order software, Supply chain management solutions

Invest in Order Fulfillment Software and Gain from its Benefits

Wikipedia defines supply chain as “a system of organizations, people, technology, activities, information and resources involved in moving a product or service from supplier to customer.” Supply chain management is managing different networks of interconnected businesses involved in delivering the products or services to the end customers.
Today customer satisfaction and customer loyalty are the crucial factors that determine the survival of any enterprise or organization. Customer retention depends a lot on how well order fulfillment has been carried out and hence of the different processes within a supply chain, order fulfillment is the most important business process. Order fulfillment refers to the activities involved from the moment an order is placed to the time when the order has been delivered to the customer.
Since customer satisfaction is highly necessary for companies and organization to fast track their business success, enterprises must invest in order fulfillment software to ensure customer satisfaction as well as loyalty. The order fulfillment software provides automation, control, visibility, and integration thereby making things easier for companies to manage order and delivery.
·         Automation
The software automatically manages distribution of all goods from manufacturing sites, warehouses to customer sites.
·         Control
It controls the complete logistics flow i.e. from data warehousing, business intelligence, booking transport on the web, printing transport documentation and labels to delivery, dispatch, and the flow of returns.
·         Visibility
Since everything happens automatically it provides greater visibility as to what is happening in the flow and when it is happening. This helps to plan logistics effectively, cut down costs in supply chains, and reduce lead times.
·         Integration
The software integrates all the collaborating participants in the order fulfillment value network.
Important Benefits of Order Fulfillment Software
As mentioned above, it provides end-to-end automation, control and visibility of the important activities between buyers, sellers and suppliers. It provides enterprises and companies functionality on three levels namely operational, tactical and strategic levels. Hence, what the companies and organizations get is an optimized order management system with pro-active process monitoring, multi-criteria end-to-end search, and supplier contract management.
Most IT departments fail to attain scalability and flexibility as far as order fulfillment process is concerned. But thanks to its standardization, automation and robust virtualization of networks, servers, storage, and applications, order fulfillment software provide companies with on-demand scalability and flexibility.
With effective order fulfillment software, companies can not only reduce logistics cost, number of warehouses,  environmental impact, and transport invoice charges considerably but also gain from automated processing and real time visibility.


Read on - Supply chain management systems, Business travel management

Expense Management Software: Hassle Free Corporate Travel Management

Expense Management Software: Hassle Free Corporate Travel Management

Organizations irrespective of its business and employee size needs to have a proper system in place for managing its expenses and the smooth functioning of its resources. Expense management system with its policies and procedures, technologies and services is deployed by organizations to process and pay employee-incurred expenses for travel and entertainment. However, as organizations become global entities, the expanse of the business network spreads beyond geographical boundaries making management of these expenses worldwide a difficult proposition. .
Nevertheless, with the global economic scenario looming large on the organizations to cut corners in its expenses, business travel expenses are also affected. In a globalized business environment with offices and branches spread worldwide, the multicultural multinational workforce has to be managed, organized and directed to meet organizational goals and objectives. Though technological innovations have paved way for a virtual interaction and communication with the workforce, it may not be as effective as the face-to-face interaction. Hence, cutting down on business travel expense on the part of key professionals may not always be a viable option.
Effective business travel management and spend analysis is a prerequisite to strategic sourcing. However, relying on manual processes will result in use of man-hours and increased transaction costs. Automation of this processes either through use of software implementation or through web-based on-demand applications from SaaS providers will pave for better management control and reduced transaction costs.
A number of service providers have designed and developed software for managing of business travel expense. However, the leaders in the industry have exploited the cloud computing technology and have designed software for digital management of the business travel expense and any other expense initiated by the employees and management worldwide. This cloud based business travel expense management software provides end-to-end visibility, control and enhanced spend analysis across the expenses in comparison to the traditional expense management software.
The cloud based corporate travel and expense management software with its various modules offers a number of benefits for the organization.  Through effective accounting, invoice handling, travel booking, cloud collaboration with banks, airlines, travel agents and hotels this is automation and optimization of travel expenses. Further, it greatly reduces travel and travel administration costs, provides improved control through compliance with tax regulations and laws prevalent in the region, real-time information of the value network, eliminates repetitive manual task and expedite the travel claim approvals thus paving way for a hassle free business travel

Also read on - eGovernment, supply chain management solutions

Upscale Order Fulfillment Services for Incremental Customer Satisfaction

When a customer places an order he expects on-time delivery of a high quality product that has the capability to meet all his requirements. As you are the provider of the product sought after by your clients you have to ensure that a range of processes are carried out without any hindrances so that you can deliver the product without fail. An order management system is a necessity so that you have an effortless and efficient enterprise resource planning platform for information exchange facilities on stock updates, inventory specifications, sales orders, transport and pick-up list orders as well as exemption management.

An integrated order management system provides cost reduction benefits through the automated processes which include billing and document creation. It helps in efficient tracking and tracing of your reference identifiers. It facilitates successful deployment of business policies of independent partners. It assists in maximization of assets with real-time reporting and notification capabilities. The processes are structured and fast to deploy rendering intelligent reports and expedited ROI. The order management system provides consistent and customized support that is extremely suitable for your business.

An organized and comprehensive order management system results in satisfying order fulfillment services with promising customer retention levels. The order fulfillment process is deployed on the cloud where the processes are automated and you have a greater control and enhanced visibility of your business operations. The cloud model enables end-to-end integration of the business value network. It ensures that the service level agreements are fulfilled competently and immediate actions are taken if there are any deviations.

The order fulfillment process enforces a valid order management system right from the sourcing stage till its final dispatch. The process is equipped with intelligent capabilities to manage the key performance indicators in the global network, track the trends, make critical analysis and identify the areas that obstruct the efficiency of the operation. It can strategically consolidate large amounts of data collected from various sources and convert them into powerful resources for making important decisions.

It provides web interfaces that provide cross-referencing capabilities and search facilities depending on the criteria specified. The orders are automatically processed into shipments considering the configured routes, carriers and rules. It helps in creation of shipping documents and sends it to the carrier electronically. It also provides a view of the order status and the event history.  The cloud process leverages your business operations as it provides you with simple and cohesive processes that reduce costs and investments. It focuses on improving customer satisfaction levels, providing increased and independent controls, complying with the service level agreements and applying remediation actions.


Also read on - Supply chain management systems, Regional development