Meet Order Management: Simple and centralized Order Management

what-is-order-management

what-is-order-management

There is a lot of talk about digital transformation in B2B. Companies are racing against time to adapt to the new reality and not lose their space in the market.

According to recent data from Forrester Research, B2B e-commerce accounted for 889 billion dollars. And the estimate is that the number will reach the surprising mark of 1.8 trillion dollars in 2023.

This shows the urgency of the Purchasing area to innovate and use digital tools to acquire more results with excellence, productivity and transparency.

But don't worry! There's no need to worry about time and money, as there are alternatives to start digitization without high investments and headaches. And one of them already has a name: Order Management.

 

What is Order Management?

What is Order Management?

Order Management is a system that automates and streamlines order processing in a simple and centralized way.

Through this powerful tool, buyers and suppliers have access to and control over all information regarding the order life cycle, reducing the well-known backlog Purchasing. The platform can be integrated with any ERP and provides important features such as:

  • Order regularization
  • Approval according to company rules
  • Metrics and Spend per Order
  • Confirmation and processing of orders
  • Physical and fiscal receipt
  • Spend Analysis

Last but not least: Order Management is essential to improve and strengthen the relationship between buyers and suppliers.

 

Order Management – ​​The first step towards Digital Transformation

Order Management – ​​The first step towards Digital Transformation

Those who fear digitalization fear, above all, the pressure of time and high investments. But unlike what many people think, the Digital Transformation of the Purchasing area can start gradually and in a scalable way.

Order Management can be the first step towards this transition. With zero investment and up to 8 weeks of implementation, it is possible to have a tool that promotes cost reduction and operational processes, control and closer partnerships in the supply chain.

 

Benefits for the Buyer

order-management-buyer-order-management

In addition to having the advantage of being the first step towards Digital Transformation, the implementation of an Order Management tool also offers the four most important pillars of the purchasing area: economy, agility, collaboration e governance.

When we talk about economy, the tool analyzes purchasing spend, prevents increases in acquisition costs due to contract breaches, enhances intellectual capital and reduces operational purchasing costs by up to 30%.

In the question agility, the solution automates and monitors the entire cycle, from order to receipt, ensuring great efficiency in the processes.

Em collaboration, the tool monitors all interactions carried out on orders, providing a great improvement in communication between suppliers and buyers.

Finally, in governance, the centralization and standardization of all orders guarantees compliance and auditing of processes.

And these are just some of the benefits of the solution, which can bring significant results in the short term.

 

And there are benefits for the Supplier too

order-management-supplier-order-management

In Purchasing, it is very common for solutions to be designed to offer benefits to buyers, often leaving the needs of suppliers in the background.

And that is one of the great advantages of Order Management. The innovative solution brings benefits to the buyer, but also to the supplier, who has the chance to work on a platform that provides transparent and enriching relationships.

Check out the most notable benefits:

  1. Increased sales, access to potential buyers and multiple quotes;
  2. Reduction of sales costs;
  3. Transparency and security;
  4. Financial view of sales;
  5. Possibility of integration to receive the order directly in the ERP.

 

And what should you take into account when choosing a tool?

order-management-technology

Since we are talking about technology, it is important to pay attention to some points when hiring an Order Management solution:

  • Trusted
  • Stability
  • Dedicated support
  • Confidentiality
  • Integration

Click here and check out the importance of all these factors in another blog post.

 

Order Management is revolutionizing the Purchasing area. Start your digitalization process with a market-leading solution that can offer technological innovation with concrete results.

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