One of the greatest modern inventions is online shopping. What’s better is you can trawl through sites at all times of the day to find the best deal – and then it to arrive on your doorstep? Did you know all of this wouldn’t be possible without proper order management software?
Sure, businesses continued even when there were no computers or any special software to automate the order management process. However, all of these tasks were done manually – this meant that it took more time for your orders to arrive, and often, because of human error, the packages got lost or were delivered to the wrong address. Gradually with the arising need for online market places such as eBay, Amazon and other Shopping Platforms the technology evolved.
An order management system is an eCommerce solution that keeps track of orders and the fulfilment of orders. Whether you are selling to other businesses or directly to consumers, the system will provide features to efficiently process sales from start to finish.
Facts and figures
- The percentage of retailers who wants to see and manage their inventory-related tasks using mobile devices has drastically increased
- Forbes states that almost 70% of all software, services and technology spending will be cloud-based by the end of 2020
- 45% of small businesses still process their orders manually
Why would you need Order management software?
Here are a few reasons why having and order management tool is essential for your business:
- It helps you process orders within seconds in real-time
Real-time order management means that the product data will be available to everyone in real-time, making it easy for employees or managers to check the state of the orders – if they are pending, on hold or already despatched.
Real-time order processing drastically reduces the amount of paper needed and enhances order servicing KPIs. With order management software, such as JustShipIT, data enters into the system in real-time, therefore you can monitor what is happening within your business – instead of waiting for the day to discover a problem that could have been an easy fix if it had been identified immediately.
- It offers real-time reporting
You can see how your business is performing, see which months had slumped and those months that have made up for the losses. This can help you observe patterns, trends – making demand forecasting easier, so you can avoid overstocking or understocking
Overall, this can help you reduce inventory risks, efficiently manage cash flows and profitability offering you an insight to identify where to focus next to increase your sales.
- It makes selling on multiple marketplaces easy
In some circumstances you’re only one person in the business – and therefore tools such as JustShipIT help you with generating the invoice automatically the shipping label as well as sending out the despatch email complete with tracking. Software ensures you stay hands on in the business.
JustshipIT is a single order management system that collects data from all of your linked sales platforms (eBay, Amazon, Magento etc.) Using it’s easy to use interface, you can quickly process hundreds of orders and stay focused on product opportunities and inceasing profits!