Why Do You Need Order Management Software for Your FMCG Business?

10/07/2020 5:01 PM

The Fast-Moving Consumer Goods (FMCG) is a fast-paced one indeed. Much like the often perishable items they handle, they also need to be fresh and desirable to maintain their position at the top. This means that they have to stay abreast of the latest technological developments in order to stay relevant in their field, which in today’s times means they have to evolve to become an e-commerce business . And one particularly advanced bit of technology that is taking the FMCG industry by storm is order management software, designed to make the whole online exchange process seamless

So, what is an order management system? In short, it is a computer-based software system used by numerous organizations around the world, especially the FMCG industry, to receive, note, and possess the orders of their customers. They may be standalone systems or modules of another Enterprise Resource Planning (ERP) system. They may be single channel or multichannel order management systems.They may be on-premises software, installed and maintained by the respective company or they may be cloud-based software. hosted by vendor's servers and accessed through a web browser. . But at the end of the day, an effective order management system helps sort and analyze hundreds of thousands of orders efficiently without considerable human error or confusion.

Let us take a quick look at three of the major advantages such a system offers to a reputable FMCG enterprise:

  • Simplified Process and Inventory Tracking:

    Updating and tracking inventory is undoubtedly one of the hardest parts of running a business successfully and smoothly. And in the FMCG sector, with hundreds of orders, big and small, pouring in, inventory tracking can be a handful unless you have a large team of resources dedicated to it. With a handy order management system , such as the one offered by oOrjit, inventory tracking becomes a much simpler and less time-consuming project and requires only minimal supervision.

  • Improved Planning and Strategies:

    Planning is key to executing tasks without error, and it becomes even more important when you have to plan for a large-scale enterprise subject to so many variables, across different channels of commerce. With a good multichannel order management software to take over the tedious aspects of manual planning, you can spend less time planning and more time executing.

  • Keeps All Your Resources in the Loop:

    For an e-commerce business, another great advantage of investing in an order management system is the aspect of systematic communication it brings with it. For all business operations to flow smoothly without disruptions, it is vital that everyone involved in the operational process knows exactly what is going on. If the entire process and updates is accessible to all from a single dashboard, it eliminates the need for long individual updates and explanations.

In a nutshell, if you are an FMCG provider looking for tools to augment your business revenues and hit higher spikes on your sales graphs, it is time to go online with your business (if you haven’t done so already), and invest in a trusted multichannel order management system solutions provider.