Order Management is the process of efficiently handling and tracking customer orders from initiation to fulfillment. It involves managing the order lifecycle, including order entry, inventory management, processing, shipping, and delivery. In procurement and supply chain management, effective order management ensures that orders are fulfilled on time, with accurate inventory levels and optimal resource allocation. It enables seamless communication between suppliers, buyers, and logistics teams, minimizing errors and delays. By integrating order management systems, businesses can enhance operational efficiency, reduce costs, improve customer satisfaction, and streamline procurement workflows, ensuring a smooth flow of goods and services.
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Maverick Spending
Maverick spending—also referred to as maverick buying, occurs when employees make purchases outside approved procurement processes, policies, or supplier contracts.
Supplier Lifecycle Management (SLM)
Supplier Lifecycle Management (SLM) — also known as Vendor Lifecycle Management — is the end-to-end, strategic management of a supplier
Purchase Requisition Software
Purchase Requisition Software is a digital solution that standardizes, automates, and governs the process of requesting goods and services before
eSourcing Software
eSourcing software is a digital platform that automates, standardizes, and governs the strategic sourcing process — from supplier discovery and
Invoice Approval Software
Invoice Approval Software automates the review, validation, and authorization of supplier invoices before payment. It ensures that every invoice is
Supplier Management System (SMS)
A Supplier Management System (SMS) is an integrated digital platform that centralizes, governs, and optimizes all activities related to suppliers
