For third party fulfillment centers and multi-channel merchants, having an efficient order management system is a must. An OMS functions as the core of your business through which each order must pass. The first requirement of any order management system is to have the ability to enter orders. Although smaller volume merchants and vendors who take orders on the telephone would manually key orders into the system, most companies will be forced to handle orders that come from a very important source…the e-commerce shopping cart. Continue reading
1. Don’t get bogged down with too much inventory
It is common to be afraid of running out of inventory. Completely depleting your stock can lead to loss of sales and customers. But overstocking can use up working capital and diminish profits. Storing excess inventory adds to the expense and can offset volume savings. Once you are in possession of the product, it is exposed to age, damage, expiration and shrinkage. The end result can be selling it off at doscounted rates or simply liquidating the goods. Continue reading
Thank you for visiting the CIO Direct blog. Here you will be able to find information about the CIO Direct software including new capabilities and old capabilities that you may not be utilizing. We will also be posting industry news for the order management and warehouse management industries.