Glossary for Industry Terms

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Order Management System (OMS)

What is an order management system?

Order Management System (OMS) is the way in which order information is collated and stored in a centralised digital system.

Order information and details can include buyer and seller contact information, order line items, costs and quantities and any relevant taxes and shipping information. An Order Management Software solution can help digitise your orders and help you can insights into order value and order trends based off common or similar inputs.

Order management systems allow you to input sales orders as well as purchase orders and good software solutions can even allow you to record and input the status of your order.

OMS software is great for businesses that are growing and want a centralised database of orders.

Advanced Ordering systems now often give users the ability to integrate with other software systems like ecommerce websites and accounting software in order to automate processes and reduce manual repetitive inputs.

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