For online business portals, one of the most important things is to set up an online order processing portal. Online order management portals are those in which a customer can view and place an order for the required goods.
These kinds of order management systems are connected with the server where the stock of the vendor is maintained. The customer can view the inventory of the vendor and place the order of a particular item. As the item is selected and customer moves towards the payment gateway, a token is generated and that item is put on hold from the vendors stock.
After the payment is made, that item is deducted from the vendors stock and a request is raised towards the vendor to prepare the item for dispatch. After receiving the request the vendor confirms the dispatch and the customer can track his order by viewing it in its account.
There are many online inventory management systems available in the market and in most of the stores, these systems are been implied. With the help of vendor management system, the owners are able to track the stock they are left with and managing their new orders.
If we talk about online inventory management systems, then we can see many of the E-commerce websites. All of these websites are based on the inventory management systems. As the customer selects the item and add it to the cart, a token is been generated with that customer’s ID and the particular item quantity is blocked for the other customers viewing that website.
All of this process is taken care with the help of cookie and session management techniques. If the customer is not able to make the payment in the set time period of the cookie, the session gets expired and the token gets destroyed. As the token is destroyed, the blocked item is added back to vendors inventory and is now available to all the members over the website.
This is the working process behind the vendor’s inventory management system. If you are keen to learn more about inventory management, then you can read this post now.Top