11 Jan Better Order Management: How software like Cin7 can help your Amazon Inventory Management.
It doesn’t matter if you run a retail or wholesale company—you have to deal with an inventory. The commodities themselves or the component stock needed to make the products you sell are both considered to be in inventory. The techniques used to manage your on-hand inventory are included in Amazon Inventory Management. This encompasses everything, including the quantity, price, and time required to refill your stock.
Cin7 is an order management system (OMS) that integrates all of your goods, stock placements, sales channels, orders, facilities, operations, reports, and other components into one automated system. Give your warehouse, e-commerce, operations, and finance management the resources they need to collaborate more effectively. In this piece, we are going to determine what better order management is and how inventory management is done with the help of Cin7 OMS.
Order Management- An overview
Order management is the process of collecting customer orders and taking all necessary steps to fulfill them, including locating the items specified in the order, gathering them into packages, delivering them, and updating the customer on the status of their delivery. When an order is placed with a company, the journey begins as soon as the order is placed and concludes when it is delivered.
Or, to put it another way, order management is the process of completing an order, from request processing to packaging to dispatching. Furthermore, it also covers procedures like replacements and return policies.
CIN7 Order Management Software
As your firm expands, your processes become more complicated. With more locations, higher sales, and more complex workflows, Cin7’s order management software reduces your manual order and inventory responsibilities.
Modern enterprises were taken into account when developing Cin7. All of your sales channels are integrated into a single platform with cloud-based management and order management solutions. To establish seamless transactions centered around a positive client experience, Cin7 offers cutting-edge automation techniques.
It’s time to stop manually entering data and throw out the spreadsheets. Utilize the inventory and OMS from Cin7 to expand your market.
How to Use Cin7 to Optimize Order Management?
When it comes to e-commerce, there is rarely any face-to-face connection between customers and retailers, and distribution is where you can win or lose a customer’s loyalty. This is because all costs and other details are specified properly, but even after a consumer makes a purchase, there is a timeframe before they receive the product.
The basic requirements for order fulfillment include verifying the item’s availability, as well as the shipment date and cost, holding the product at the relevant storage system, processing payments, and creating bills. The fundamental order fulfillment process also includes data provided for order processing, bundle offerings, authentic order tracking, and controlled environment requirements for certain items.
You may have observed that these procedures all operate in a cascading order and that they all require perfect coordination with one another. Therefore, adopting automation technology is crucial for maintaining the efficiency of your business and delivering top-notch customer service.
Cin7 can assist you in streamlining ideas, operations, and people if you run an online store and want to improve order administration. Let’s look at how Cin7’s extensive feature set and functionality might improve your order fulfillment capabilities.
How do CIN7 works?
An extensive OMS is incorporated in the feature-rich package of Cin7, a potent e-commerce automation program. It generates information for upcoming optimization efforts and assists in automating all order fulfillment procedures. To enable gated data transfer across all partners and the client, it is connected with other components and your storefront end.
How CIN7 helps in Better Inventory Management
First off, Cin7 maintains an up-to-date database of diverse views within the company. This comprises cooperation with the logistics partners, labor capacity at the pickup and packing stations, sales-related data, inventory data, and manpower availability. Cin7 additionally incorporates shipping, return, and payment rules for the relevant item in addition to these factors.
Gathering customer information
Cin7 records every order a customer places through each of your selling platforms, whether it be network selling, affiliate marketing, or your online marketplace. Our technology facilitates the gathering of client data, enabling you to produce user analytics for any special offerings or add-ons.
Order fulfillment formalities
Cin7 also helps in fulfilling the order formalities. After a successful payment transaction, the item is withdrawn from stock, and the related warehouse staff is asked about the sales information. The receipt and tracking information for the customer’s shipment is also provided.
If there are several orders, the warehouse staff is given a complete description of the orders placed, and if the goods are spread out across different locations, they are processed independently on both sides. If the customer requests to receive them concurrently, the necessary arrangements are made; if no such request is made, products are dispatched separately following the individual schedules.
Customization for customers
Any unique packaging and handling specifications are taken into account by the OMS of Cin7. The shipment progress is then shown on the customer’s profile in the part where their transaction record is discussed. If the consumer cancels their order, the OMS also notifies the shipping partner.
Assisted decision making
Making strategic decisions is arguably among the most difficult and crucial aspects of running a corporation. The most important thing is to order products so that they are neither overstocked nor understocked.
The inventory management system from Cin7 can support these choices by calculating reorder points (ROP) for each of the items. When the stock hits ROP, alerts are sent out. The automated reorder emails that suppliers get when their inventory reaches the ROP can be programmed. CIN7 also helps in monitoring the stock levels in each selling zone.
Fulfillment by Amazon (FBA)
Amazon provides warehouses where you may store and send your products to customers for an upfront charge. FBA stands for Fulfillment by Amazon, the name of the system. If you decide to sell your goods via FBA, Cin7’s inventory tracking system will enable you to keep tabs on FBA shipping strategies, direct fulfillment, and route orders for delivery from the Amazon inventory site nearest to the customer.
As online retailers expand their businesses, an OMS like CIN7 is a fundamental requirement. The complexity typically rises in exact correlation to the volume of sales. Having an automation platform like Cin7 enables smooth scaling and supports long-term growth. It helps with better order management and inventory management for e-commerce businesses.