The online market has grown tremendously in the past few years. The digitally enabled customers like to shop on the run and that is the reason why we see a rise in online sales and e-commerce market. The Asian e-commerce market is estimated to reach the US $1.8 trillion in 2018, accounting for 60 percent of global retail e-commerce market, as per emarketer. Such rapid growth promises a great future for the Asian as well as Indian e-commerce industry signifying a strong market and increased customer demand. But, despite these growth trends, many e-commerce businesses are failing to take off within their initial years of commencing business. Thus, with the continuous spike in online sales, it gets tough for online retailers to cope up with the demand and facilitation.
Most online retail businesses have started relying on an order management system to streamline their eCommerce operations. Generally, retailers use basic order management features incorporated into their eCommerce platform which might run out of the fuel in case of aggravated order complexity or sudden spike during holiday or sale season. Hence, it becomes quite essential for retailers to understand the importance of an advanced order management system that can support the complexities of eCommerce retail environment. For example, a retailer who has recently commenced operations might like to choose a lighter version of eCommerce order management software in comparison to a global retailer that maintains a phenomenal inventory size and transact with thousands of customers in a single day. At this level, only an agile Order Management System can sustain the business effectively, and efficiently. In simple words, eCommerce retail operations without an impressive Order Management System in place becomes a discouraging and unproductive exercise.
This blog will help you to understand how an advanced Order management software can save your time and resources, cut down errors, boost efficiency and enhance the overall customer experience. But, before we start explaining the ways to improve your process, make sure that your business is seamlessly integrated. These integrated components include: Point of Sale (POS) solution, Order Management System, Customer care department, Inventory management system, Warehouse Management System, Enterprise Resource Planning system, and Order Fulfillment solutions (shipping, third-party logistics, in-store logistics).
Revamp your Order processing and delivering strategy
Build an organized and managed inventory
Manage multiple marketplaces effectively and efficiently
Vinculum Group, a global software company enabling the eCommerce ecosystem with SaaS-based products for MultiChannel Order management and fulfillment, has worked closely with many reputed brands in different domains (eTailers, Sellers, Marketplaces, Retailers) of online retailing space and helped them to overcome the challenges related to order, inventory, returns management with its cloud-based software Vin eRetail. Today brands like Nykaa, PrettySecrets, Jaypore, Happily Unmarried and a range of sellers on marketplaces seamlessly manage and fulfill orders using Vin eRetail.
Learn more information on how an eCommerce order management software can help you optimize your processes and turbocharge your business, book a demo today Click Here