Wholesale businesses regularly process large quantities of goods, making tracking orders manually overwhelming. B2B (Business-to-Business) order management software serves as the backbone of operations, streamlining processes and ensuring seamless transactions and order tracking. Whether you’re overseeing a small business or managing a large enterprise, finding the right software solution is crucial to staying competitive in the market.
In this post we will discuss:
- What is B2B Order Management Software?
- Why is Order Management Software Important for Your B2B Business?
- Features to Consider Before Making a Choice
- 5 Best B2B Order Management Software
What is B2B Order Management Software?
B2B (Business-to-Business) Order Management Software (OMS) is a specialized software designed to facilitate and streamline the process of managing orders between businesses. By leveraging the capabilities of B2B order management software, you can streamline operations, optimize inventory levels, save costs, improve accuracy, and enhance decision-making processes.
Related Read: B2B Order Management: How to Do It Right
Why is Order Management Software Important for Your B2B Business?
Managing orders manually can become overwhelming, especially as your wholesale business grows. Investing in robust order management software (OMS) offers a host of benefits that can revolutionize your operations:
- Streamlined Operations: B2B order management software streamlines your wholesale operations by automating processes, minimizing errors, and reducing manual efforts. This efficiency translates to saved time and increased productivity for your team.
- Optimized Inventory Levels: With real-time insights and demand forecasting capabilities, B2B order management software helps you maintain optimal stock levels. By avoiding stockouts and excess inventory costs, you can ensure smooth operations and satisfied customers.
- Cost Savings: By optimizing your order management process, you can reduce carrying costs and minimize stockouts, leading to significant cost savings for your business. B2B order management software helps you allocate resources efficiently and eliminate unnecessary expenses.
- Improved Accuracy: Features like barcode scanning and automated data entry ensure precise order processing and inventory tracking. This enhanced accuracy minimizes discrepancies and saves valuable time that would otherwise be spent rectifying errors.
- Enhanced Decision Making: Access to real-time data and detailed reports empowers you to make informed decisions for your wholesale business. By analyzing performance metrics and identifying trends, you can effectively plan for the future and stay ahead of the competition.
Related Read: Wholesale Inventory Management Software
Features to Consider Before Making a Choice
When choosing B2B order management software for your wholesale business, consider the following essential features to ensure efficient operations:
- Inventory Tracking: Accurate inventory tracking is essential for maintaining product history and ensuring efficient operations. Look for software with robust real-time tracking capabilities to prevent stockouts and optimize inventory levels.
- Sales or order Processing Capabilities: Efficient order processing is the heartbeat of any wholesale operation. Opt for software that automates order entry, processing, and fulfillment to minimize manual errors and reduce turnaround time.
- Customization and Scalability: Every wholesale business is unique, with specific workflows and requirements. Look for software that offers customizable features and scalability to adapt to your evolving needs as your business grows.
- Reporting and Analytics: Data-driven insights are invaluable for making informed business decisions and identifying areas for improvement. Choose a software solution that provides robust reporting and analytics capabilities to track key performance metrics and optimize processes.
- User Interface and Ease of Use: A user-friendly interface is crucial for widespread adoption and productivity. Opt for software that is intuitive and easy to navigate, minimizing the learning curve for your team members.
5 Best B2B Order Management Software
1. Vencru
Vencru is a simple and comprehensive B2B order management software for businesses of all sizes. With Vencru’s cloud-based software, you can process orders with real-time insights into your inventory, track order fulfillment, integrate e-commerce platforms to manage sales, record multi-currency transactions, manage clients and suppliers, gather business insights, access double-entry accounting reports, and manage expenses and employee activities, anywhere and anytime. Vencru’s simple interface keeps order management easy and with affordable pricing, it makes managing your B2B business a breeze.
Benefits
- Effectively manage purchase processes and suppliers with purchase order management features
- Manage and monitor employee activities with user permission features and audit trail
- Vencru’s barcode scanning automates inventory tracking, saving time and guaranteeing accuracy.
Pricing:
Vencru offers these plans with a 14-day trial period
- Free
- Starter – $6 per month
- Growth – $30 per month
- Enterprise – $50 per month
2. Zoho Inventory
This comprehensive solution offers a tailored approach to inventory management, integrating seamlessly with e-commerce platforms and providing essential features such as inventory tracking, order processing, and reporting. With Zoho Inventory, businesses can automate key processes, minimize errors, and optimize inventory levels in real time. The software’s user-friendly interface and scalability allow businesses to adapt it to their evolving needs.
Benefits
- Zoho inventory integrates with other Zoho Suite tools for centralized management of business operations
- It offers multi-location warehouse management for businesses
Pricing:
Zoho Inventory offers these plans and a trial period:
- Free
- Standard – $39 per month
- Professional – $99 per month
- Premium – $159 per month
- Enterprise – $299 per month
3. Ordoro
Ordoro is a robust order management software offering apps to manage Shipping, Inventory, and Dropshipping. Track inventory, manage order processing end-to-end, and gain insights with accounting software integration on Ordoro. The scalable app also includes production management and warehouse management for businesses with specialized needs.
Benefits
- Ordoro offers a shipping app that integrates with shipping carriers and fulfillment services for order fulfillment
- It offers API access to users for easy integration with other platforms.
Pricing:
Ordoro’s inventory management software offers a trial period with these plans:
- Advanced- $349 per month
- Premium- $499 per month
4. QuickBooks
Quickbooks offers comprehensive accounting and order management for businesses in the B2B space. It allows users to integrate with e-commerce platforms for centralized order management, tracking inventory, managing payroll, generating double-entry accounting reports, and integrating other business tools to manage customer relations and other aspects of business operations.
Benefits
- Access paid live assisted bookkeeping services targeted at business owners without a good background in accounting
- Quickbooks offers integration with bank and credit cards for easy transaction recording and reconciliation.
Pricing:
Quickbooks offers these plans with a 30-day trial period:
- Simple Start – $30 per month
- Essentials – $60 per month
- Plus – $90 per month
- Advanced – $200 per month
5. Brightpearl
Brightpearl is an inventory management software by Sage. It offers a comprehensive solution for businesses, including inventory management, order processing, purchasing, CRM, warehouse management, logistics, and financial management through integration with Sage Intacct. It integrates with e-commerce platforms for centralized order management.
Benefits
- Includes inventory forecasting tools for optimized inventory management
- Brightpearl offers shipping management with plug-and-play 3PL service
Conclusion
The right B2B order management software (OMS) saves time managing your business with tools covering inventory tracking, sales process management, reporting, and insights which boost productivity and enhance decision-making.
With features covering sales management, inventory management, expense management, client and supplier management, purchase order management, employee management, multi-currency transaction management, integration with e-commerce and payment processing systems, Vencru stands out for offering all you need on a simple interface and at affordable prices for all sizes of B2B businesses.
Request a demo and streamline your B2B order management today!
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