Many businesses use order management systems to track incoming and outgoing orders from their warehouses, suppliers, and customers. An order management system, or OMS, can be a great way to save time and reduce errors in your supply chain. These systems typically allow you to track everything from vendor purchase orders to customer sales orders. Not only that, but it even lets you generate internally used transfer orders, which help you to move parts, products, and other assets that you already own between locations without requiring a transaction or any exchange of money to let them proceed.
PROPER ORDER MANAGEMENT
With proper order management, you will know exactly when your orders are coming in and when your inventory needs to be reordered or shipped out. You will also be able to properly organize your warehouse so that you can quickly and efficiently pick, pack, and ship items. This will give you a quick snapshot of how well your operations are running at any time, so that you can make the most informed business decisions.
SAVING EMPLOYEES TIME
When receiving new shipments into your warehouse, you can save time and effort for your employees by knowing exactly where those new items should be placed and having pre-made labels for them. This will not only save time, but increase the accuracy of your employees’ actions so they will not accidentally misplace or mislabel items they are working with. When your warehouse employees fulfill a customer sales order without an order management system, oftentimes they will have to spend a lot of time hunting through the warehouse to gather all of the necessary items. With an order management system, they can easily print a picking list or use a wireless mobile device to know the best route around the warehouse to quickly pick up all the items. They can even perform batch picks to obtain the items for multiple sales order off the shelves at the same time.
BENEFITS TO MANUFACTURERS
If your business manufactures or otherwise assembles products that you intend to sell to customers, you can also benefit from an order management system that will allow you to track a variety of work orders, bills of materials, and manufacture orders. These order management tools allow you to track your inventory as raw goods, as items in assembly, and as finished goods to see where your products are in the manufacturing or assembly process. You can also study buying and purchasing trends over time to plan ahead for what inventory you will need at different times of the year. Then you will be able to avoid unnecessary delays by keeping the right number of raw materials in stock so you can keep production going instead of having to wait when you suffer a shortage.
A POWERFUL ORDER MANAGEMENT TOOL
Fishbowl offers powerful order management tools to help you control your warehouse and supply chain. Fishbowl integrates with QuickBooks, allowing you to manage your finances along with orders and inventory without having to enter the same data multiple times.
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Order management systems enable companies to keep track of the shipments going in and out of their warehouses, stores, and other locations. Some of the benefits of these systems include better warehouse organization, greater efficiency in the picking process, and the ability to keep track of work orders, bills of materials, and manufacture orders.