Recover 4x more chargebacks and prevent up to 90% of incoming ones, powered by AI and a global network of 15,000 merchants.
Unlock your business’s potential with this practical guide on enhancing online order management process, from order handling to stellar communications.
With the eCommerce market expected to reach $8.1 trillion by 2026, maintaining an efficient online order management process has gone from a nice-to-have to a must-have. eCommerce order management coordinates various systems and tasks, from order placement to product delivery, creating a seamless workflow to reduce fraud and chargebacks.
Yet, despite its critical role, many merchants let the opportunity to enhance this aspect of their businesses slip through their fingers. This oversight can lead to delayed orders and mounting customer frustration, culminating in losing business and market share.
In light of these challenges, this article delves into practical strategies to amplify your online order management process. The insights shared will help you ensure timely and accurate order fulfillment while boosting operational efficiency.
Online order management is an inclusive process that oversees and monitors an order from the moment a customer makes a purchase to the final delivery of the product. Throughout each phase, data is collected to track and manage the order’s progression.
With eCommerce being the preferred method of shopping for 68% of consumers, the process plays a huge role within the operational framework of online retailers, directly influencing the customer experience. It defines how swiftly and effectively they’ll receive their orders, impacting overall satisfaction and future visits.
Navigating the eCommerce landscape is not without its obstacles. Understanding and addressing common challenges in your order management process should be your first point of call.
These are just some of the main challenges that you may face:
Before delving into the strategies to boost your online order management process, it’s best to understand the ins and outs of your current system.
Look at the following:
Choose an OMS renowned for its omnichannel integration capabilities such as Shopify Plus and Amazon Pay. This combines multiple sales channels into a single dashboard, allowing you to easily track customer orders.
Additionally, your OMS should possess a robust application programming interface (API) platform. This application enhances omnichannel fulfillment, ensuring rapid order processing, heightened accuracy, increased visibility, and superior inventory management.
Companies striving to deliver an exceptional post-purchase experience manually may encounter challenges when scaling up operations. Incorporating API-powered OMS smooths this transition, eliminating potential issues while ensuring a seamless operational workflow.
An OMS provides real-time insights into inventory from various sources. This feature allows you to calculate your Available to Sell (ATS) inventories.
When relying on ERP systems, retailers get a broad estimate of stock availability, often with minimal coordination between the point-of-sale (POS) system and other parts of the fulfillment ecosystem.
In contrast, an OMS offers an extensive view of inventory data from multiple systems, including third-party inventories. This unified perspective offers vendors precise information about their available stock.
Minimize manual data entry to lower the potential for errors. Allow customers to place orders via a custom form, with information automatically syncing with platforms like QuickBooks. This automation – along with features like business call tracking – records every interaction.
As your business grows, you won’t need extra employees to manage the order workload. Existing staff members can concentrate on more significant and strategic tasks, boosting productivity. Integrating custom erp software into your online order management system can significantly enhance efficiency, allowing for a more streamlined, automated process that adapts to your specific business needs.
A good OMS should not function in isolation – it should integrate with other systems in your eCommerce business.
For starters, linking with inventory management and CRM keeps all your data consistent across the board. When your OMS integrates with your inventory system, it allows for real-time updates on stock levels.
Secondly, integration with a CRM system means customer information is up-to-date and consistent, improving customer service. Integration between departments permits faster order processing, accurate order fulfillment, and timely customer service.
While you strive for flawless order fulfillment, there will be instances where customers need to return or exchange their purchases. Here are some best practices for handling returns and exchanges:
By incorporating these best practices into your online order management process, you’ll improve customer satisfaction and build trust among your customer base.
Boasting a top-notch system is useless if your team isn’t on the same page. So, ensure all employees are trained and aware of the benefits of your system.
Create an internal document outlining the best practices for your order management process. This serves as a valuable tool for acclimating new employees and establishing a standardized guideline for your organization.
You can include various essential practices in this document, such as procedures for order fulfillment (“picking, packing, and shipping”) and crystal-clear outlines for managing the post-sale experience with customers.
Analytics and reporting lets you glean insights from your data, unveiling patterns and trends crucial for making informed decisions. Proper use of analytics uncovers hidden challenges, highlights opportunities for improvement, and provides clarity in complex scenarios.
Some essential metrics include:
These metrics shed light on the efficiency of your online order management process. By employing advanced analytics, particularly in streamlining chargeback processes and optimizing cost efficiency, businesses can significantly enhance operational efficiency. This ongoing monitoring of key metrics ensures you meet customer expectations and sustainably grow your bottom line.
Emphasize the importance of consistently evaluating and improving your order management process. Regular assessment identifies potential issues or weaknesses and ensures that your system meets your business’s evolving needs.
By prioritizing continuous improvement, your company can adapt to changes, optimize operations, and consistently meet customer expectations.
Boosting your online order management process is not just a matter of operational efficiency – it’s a strategic move to enhance customer satisfaction and secure your competitive edge.
Remember, continuous improvement is the key to staying ahead, so assess your current system, identify areas for improvement, and set clear objectives to ensure your order management process remains agile and customer-centric.
With these insights, you’re well-equipped to streamline your online order management process and foster long-lasting trust and loyalty.
About the Author: Dori Cerulo is a communications expert with over 15 years of experience in content creation and digital marketing, including ecommerce. A data-driven and creative marketer at heart, she specializes in enterprise content strategy, with deep expertise in all things content: ideation and creation, research, editorial planning, operations, content design, and analytics. Here is her LinkedIn.
Recover 4x more chargebacks and prevent up to 90% of incoming ones, powered by AI and a global network of 15,000 merchants.