Stord, a leader in fulfillment services and technology for omnichannel mid-market and enterprise brands, today announced its expanded order management system (OMS) software offering.
Stord One Commerce is a purpose-built OMS software for high-volume brands that need to manage orders and inventory across multiple facilities and sales channels. To better support brands as they expand into new DTC and B2B channels, and add fulfillment locations, Stord is announcing additional capabilities for smarter and more cost-effective order routing, multichannel inventory management, and last-mile optimization.
Order Routing
Currently, many brands store product inventory across a network of locations and rely on a static, rules-based approach to determine which facility fulfills an order. This can increase their overall fulfillment costs—including last mile—and decrease their customer satisfaction with out-of-stock messages or lengthy delivery timelines. This approach prevents brands from adapting to external changes such as 3PL failures, carrier surcharges, supply delays, or changes in demand.
The Stord One Commerce Order Routing add-on helps brands with a multi-node supply chain network continuously meet rising consumer expectations. Stord’s Order Routing automatically routes orders to the fastest, most cost-effective fulfillment location with “ship full” availability based on facility capacity and total inventory. It can direct orders to be fulfilled from a specific location, eliminate the need to pre-determine fulfillment locations, and automate order splitting based on a brand’s preferences.
Multichannel Inventory
81 percent of retailers are planning to expand the number of digital channels they sell on in 2023. But when it comes to fulfilling orders for multiple sales channels, most brands are stuck with a rudimentary, piecemeal strategy. Typically, brands will physically separate inventory in their warehouse(s) or 3PL facilities in order to fulfill…
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