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What is Order Management?

What is Order Management?

Order Management is the process of efficiently handling and tracking customer orders from initiation to fulfillment. It involves managing the order lifecycle, including order entry, inventory management, processing, shipping, and delivery. In procurement and supply chain management, effective order management ensures that orders are fulfilled on time, with accurate inventory levels and optimal resource allocation. It enables seamless communication between suppliers, buyers, and logistics teams, minimizing errors and delays. By integrating order management systems, businesses can enhance operational efficiency, reduce costs, improve customer satisfaction, and streamline procurement workflows, ensuring a smooth flow of goods and services.

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