How to route your customers to your online store through

order management software development?

tvisha.com/blog/cost-and-features-of-order-management-software-development

PUBLISHED JULY 16,2019 BY TVISHA-TECHNOLOGIES

Cost and Features of Order Management Software Development

Small, medium, large or any kind of business gets orders for their services or products. Not
long ago, servicing daily orders of customers was a tall order, what with all the
accompanying paperwork and long spreadsheets. With the advancement in the technology,
order management software development activity has come in as a boon against such
routine tasks. Technology providers have come up with easy to use and highly affordable
software to tackle the cumbersome process of order management.

Managing all the orders is a challenging issue, especially, when you have multiple stores
across the cities. If you have an effective order management system (OMS) with shipping
facility, then it enables you to monitor and maintain all the stock details of the product
across all your stores and to update it in the online automatically. It gives you the exact
details of your services, leftover stock, and price tags.

With the time saved on routine and mundane tasks, business owners can devote more time
to boosting sales - the prime movers for ROI of any business. Have a good amount of sales
with inventory management software development. This system serves the needs of any
business, especially, it is a boon for retail enterprises and manufacturing industries which

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require a lot of goods maintenance. Manage the complete picture of your stock details,
orders received, orders served, orders canceled with this to meet all your client’s
requirements.

Let’s go to the short insights about the Functions of inventory management software. It

Simplifies the whole supply chain management

Allows automation
Monitors every nook and corner of inventory of an organization
Balances the supply and demand of products
Acts as a pre-planner for all stock for the future

Features:
The features of this software give comprehensive solutions for all industries in order to
control the supply chain effectively.
1. Stock management:
The listing of the total number of goods/products, damaged products, available products,
purchased products, added products with the price tag can be updated time to time so that
the customers can easily find out the required product whether available or not and place
orders for them.
2. Order management:
This feature allows the consumer to place/cancel/replace an order easily. It will be easy for
businesses to track the details since all the orders are automatically updated.
3. Finance management:
The cash flow (inward and outward) will be managed transparently by this application.
4. Barcodes:
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The barcodes are a way to manage the stock without a chance of a fraud. If all the products
are enabled with the barcode with a serial number, then it will be easy for stock
management such as the products sold and remained.
5. Delivery Tracking:
This is the main feature that helps in gaining the trust of consumers. From the placing of an
order to shipping, all the delivery process can be tracked through this software
development until it reaches to the customer.
6. Payment Gateway Integration:
This feature allows customer pay the bills easily through the third-party payment gateways
such as Paytm and e-wallet. Also, helps the management easy transactions of cash flow.
7. Reporting:
This feature gives brief analytics of all the reports such as orders placed, orders canceled,
orders replaced, shipping details, cash flow, tracking details, etcetera on a daily basis.
Besides, you will know the frequent customers’ details and the products which have more
demand by which you can maintain stock. These insights will guide the businesses for
further improvements.

For example, if one of your items was sold more times than others, then you have to focus
more on this product in order to meet customers’ demand and keep them happy.
Thus, the reports suggest online stores for effective management of inventory.

Benefits of OMS:
The various advantages of this supply chain management are as follows:

Control over the stock

Effective monitoring of the sales
Reduction in errors/fraud
High Revenue to businesses
Help in getting loyal customers
Builds brand value
Time-saver
Fast delivery of services/products
Reduces expenses of a business
Supports multiple store locations

Pricing:
The cost to develop an inventory management software depends on the complexity of
the features (since it differs from industry to industry), the technology used, and the
company’s brand value. The average cost is in the range of $15000 to $30000.

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Conclusion:
Delivering orders accurately for each customer on time needs the help of an an innovative
and fast processing tool. Courtesy order management software development, intuitive tools
have emerged for the advantage of the users. Own this firmware to your warehouses,
online stores, and all industry verticals including manufacturing industries to keep track of
all your cash flow management at your fingertips. It helps in getting attention to
services/products you offer.
Besides, the rich set of features of inventory management software development helps
to maintain your daily operations at ease. And, it boosts your sales and yields high returns
for your E-commerce business.

INVENTORY MANAGEMENT BLOGS

SOFTWARE DEVELOPMENT

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